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Chia Raises $5M in Funding Round Led By Slow Ventures
Smart transaction platform Chia Network has raised $5 million in a round of funding led by Slow Ventures, according to Coindesk. Chia Network is aiming to be a more efficient and secure version of popular digital currencies. https://www.coindesk.com/chia-network-raises-5m-to-rival-new-crop-of-defi-friendly-base-layers Chia Network uses a “smart transaction programming language that is powerful, easy to audit, and secure” Uses Proof of Space and Time instead of Proof of Work http://publish0x.com/tag/proof-of-work Fund will be used to build the team Co-founded by BitTorrent creator Bram Cohen and Ryan Singer in 2017 Investors include Andreessen Horowitz, Naval Ravikant, Galaxy Investment Group, True Ventures and DCM Chia has raised a total of $16 million Mainnet launch scheduled for later in 2020 digital currency funding Bittorent Chia Network https://www.publish0x.com/tag/digital-currency-tekmrje https://www.publish0x.com/tag/funding-tyajxlw https://www.publish0x.com/tag/bittorent-tyxoore https://www.publish0x.com/tag/chia-network-teqzjpa
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