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Jenny Lavelle

A struggle for Chia's success

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Posted (edited)

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.

 

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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 by Jenny Lavelle
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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.

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This currency will take a long time to be compared to the Bitcoin currency. I think that trading in Bitcoin may be easier than the Chia currency because of the large supply on it and the failure of other currencies to reach this price

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Wow, it's really amazing and your information is really great and useful and I didn't know about it before as I'm now volunteering to buy this currency and I wish you success and success my friend. 

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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.

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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.

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Hello my friend, China has great economic power and produces in all areas and its entry into the cryptocurrency market, and its adoption of this currency will create strong competition between currencies. Thank you for this useful information

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Hello my friend, it is important information about this currency, and I believe this currency will achieve success because China is supportive of it and it has a strong and solid economy, but the problem is that it takes a long time

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Posted (edited)

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 by Jenny Lavelle

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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

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The population of the state of China has reached about 1 billion and 300 million, according to the latest statistics for the year 2021, if this currency is adopted by the people of China alone only, can you imagine the rise that will get the chia currency by the Chinese alone? Wonderful! Just imagine if only 900 million people from China used it instead of Bitcoin, the price of this currency would rise in a crazy short time.

I think it is the right time to buy some coins.

Don't you think that too?

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Posted (edited)

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 by Jenny Lavelle
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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.

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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.

 

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Unfortunately, I don't know about this coin. The first time I heard of it, I searched for it and found it well

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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

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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.

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