XCH
XCH is the ticker symbol for Chia Network's native cryptocurrency, often referred to as Chia or Chia XCH. Chia Network was founded by Bram Cohen, the creator of the BitTorrent protocol, with the goal of creating a more sustainable and decentralized blockchain. Unlike many other cryptocurrencies that use proof-of-work (PoW) or proof-of-stake (PoS) consensus mechanisms, Chia utilizes a novel approach called proof-of-space-and-time (PoST).
Proof-of-space-and-time requires participants, known as "farmers," to allocate hard drive space to store cryptographic data called
XCH can be used for transactions, smart contracts, and as a store of value within the Chia