2min chapter

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Chia - A New Cryptocurrency, Built by Bram Cohen, Founder of BitTorrent

Modern Finance

CHAPTER

Is This Going to Be a Store of Value?

In terms of basic stats, there's a transaction block about once per minute on average. And ten minutes of something being buried in chia is basically equivalent to several hours of something getting buried in bit coin. So you get le an acknowledgment that your transaction went through after a minute, and then quite good confidence that it's really there after ten minutes. Like, what, what, wha kind of volume could you put through in that transaction? We're not going to be selling any tokens for a good long while,. but that'll give an opportunity for people to buy them when trading starts.

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