A struggle for Chia's success

[Jenny Lavelle 526]

First, I will explain the reason of naming the chia digital currency this name..

The chia coin was named by that name in analogy to the Chia tree, which bears fruit after 15-30 years, meaning, that Chia digital currency was recently launched in the crypto market will achieve profits massive within a period of 15-30 years, as the Chia coin invades digital markets today.
After China banned the circulation of cryptocurrencies and banned Bitcoin investment regardless that China has the largest bitcoin mining farms around the world, China today is accelerating in order to compete with Bitcoin as there is a total shift in the direction of China from reserving digital currencies to making room with great force,This is due to the price spikes achieved by Bitcoin from about $ 0.001 in 2009 to $ 60,000 in 2021, so China has opened the way for a newcomer to enter that may overcome many of the challenges associated with Bitcoin, by introducing the Chia coin, as Blockchain technology and the Xia platform use hard drive storage capacity in the coin mining process, unlike Bitcoin which consumes huge amounts of processing power, powerful electrical power and complex algorithms for its mining.
The high turnout of Chia coin mining created an enormous demand for hard disks, in addition to a lack of supply.

 

According to the programmers, chia coin will be launched at the beginning of next May, and this project is considered the most modernized since the CEO of the chia coin, "Bram Cohen", updated the Chia version many times.

 

 

There is a very necessary comparison between Bitcoin and Chia, as traditional cryptocurrencies use a process called "proof of work" to authenticate blockchain network transactions, while Chia relies on the concept of "proving time and place" using storage space.

 

What do you think, isn't it worth it??

Share me your point of view please..

 

Nice day for you all.

Edited May 1, 2021 by Jenny Lavelle

[Asemrhibani 399]

China is a country that is not economically trivial and possesses financial capabilities in addition to the enormous human power and by banning Bitcoin in their countries and putting the Chia currency on the market. I think that if they deal with it on their own, its value will increase, The demand for it will increase, and in turn, it will affect Bitcoin and then spread to the whole world.

[emilywillson 666]

Dear friend, the way you formulated this useful topic, which has been documented with pictures, is very wonderful and attractive to minds, as the nascent Chia digital currency is entering a strong competition with other cryptocurrencies because it increases the demand for hard disks in order to mine them faster and easier than Bitcoin mining Which consumes huge electrical energy and mining farms with large areas and powerful computers for mining it.
We all know that China was refusing to use cryptocurrencies / bitcoin in order to avoid competing with that cryptocurrency against the original Chinese currency, but now China has started a new digital competition by supporting the Chia currency, as it is possible that the price of the Chia currency will rise within a short period of time. Very soon after being pumped into the digital market.

[MRashid123 0]

China is a nation with financial capabilities in addition to tremendous human capacity, and by banning Bitcoin in their countries and introducing the Chia currency to the market, they are demonstrating their economic might. I believe that if they deal with it on their own, its value will rise, as will demand for it, which will influence Bitcoin and then spread around the world.

[Jenny Lavelle 526]

Hello dear
Just be aware, You have commented on my post before, so you may be given a warning point if that happens again so just be careful.
I apologize for my interference and have a nice day

@Osamasoliman

Edited May 17, 2021 by Jenny Lavelle

[Zubair2003 8]

China is new rising power now a days. They are hard workers. I think chia will compete with btc in 3,4 years. There will be great war between chia and btc but at the end according to my point of view chia will win

[Jenny Lavelle 526]

Yes that's right
Regardless of the advantages of this currency, adopting China or any country with a dense population like China will make a difference in the price of any currency, and its beginning will definitely be successful , And for countries which don't have a huge population that's will really motivate them to buy this currency because of its popularity and so forth , this currency will become at the top in a little while..
Good day for you. 

@TIGER05

Edited May 17, 2021 by Jenny Lavelle

[Francy Mory 543]

The chia currency can bring us surprises. We must follow up and learn everything we can about that coin. Thanks for the information, very explicit, I managed to expand the knowledge about this new currency and now I am going to put more interest in it.

[Mustaan Farid 1]

hello dear i think it will take time to compete this coin with bitcoin and now it has low price as comparing to BTC because it has very high price and volume in market so do not compare it with BTC

[Rs Rimon 45]

I think this cryptocurrency will have a bright future because it has a very strong project, but i don’t think it will be able to compete with bitcoin in the near future. I think it will take time to compete this coin with bitcoin and now it has low prices comparing to BTC because it has very high price and volume in market so do not compere it with BTC.

[Dagamand007 12021]

On 26.06.2021 at 21:07, Rs Rimon said:

I think this cryptocurrency will have a bright future because it has a very strong project, but i don’t think it will be able to compete with bitcoin in the near future. I think it will take time to compete this coin with bitcoin and now it has low prices comparing to BTC because it has very high price and volume in market so do not compere it with BTC.

I think so too. That it makes no sense to compare Chia with Bitcoin. These are completely different coins that were created for different missions. They have only a similar kind of mining and nothing more.
Now Chia is going through hard times, but the price should go up as developers are aiming seriously to launch their DeFi and NFT platforms.

[Jenny Lavelle 526]

On 10/9/2021 at 5:33 PM, Dagamand007 said:

I think so too. That it makes no sense to compare Chia with Bitcoin. These are completely different coins that were created for different missions. They have only a similar kind of mining and nothing more.
Now Chia is going through hard times, but the price should go up as developers are aiming seriously to launch their DeFi and NFT platforms.

We've seen a bitcoin price crash before, nothing is impossible anymore.
So I think it's better to contribute than watch, and that makes more sense to me.