Kopalnie Krypto Team - Tuesday 27 February 2024
Chinese New Year with the Chia Network Blockchain: Discoveries and Innovations
During the celebrations of the Chinese New Year, on February 9, 2024, the Chia community in China organized a special AMA (Ask Me Anything) session, led by the well-known profile @chiainchina. This session brought together key figures from the Chia Network, including founder and CTO, Bram Cohen, and CEO, Gene Hoffman. They were joined by many significant developers from projects such as Dexie, Tibetswap, Digital Spaceport, MonkeyZoo, Ozone Wallet, and many others, to share updates and future plans.
Key Takeaways from the AMA Session
The AMA session was rich in interesting information about the future of Chia Network and its surrounding ecosystem. Below are some of the most important points:
- Chia Enterprise Wallet: Chia Network is working on developing a so-called "cloud wallet" for corporate clients such as VERRA. The goal is to create a tokenization engine that allows for the issuance of CAT (Chia Asset Tokens) for various purposes, including the carbon credit market and debt. This software will be available as open-source, paving the way for a version for individual users.
- Luxury Product Authentication: Talks with luxury goods manufacturers aim to use Chia technology to create digital copies of products, which would verify their authenticity and origin.
- Collaboration with Banks: Chia Network is discussing with banks the possibility of becoming the "agent of last resort" in the process of recovering access to vaults and about replacing some interbank payment networks.
- New Plot Format: A transition to a new plot format is being considered, which would reduce their compression efficiency in favor of storage, however, this would require broad community consensus.
- Chialisp Development: Work on Chialisp, including state channels for on-chain games such as poker, promises significant improvements and new possibilities for developers.
Announcing CHIAXGRANT
One of the most important announcements during this session was the launch of CHIAXGRANT, a program aimed at supporting projects and initiatives that develop the Chia ecosystem. This program, supported by the Chinese Chia community, aims to promote innovation and development within the ecosystem. Details regarding application and selection criteria are to be released soon.
Summary
The AMA session on the occasion of the Chinese New Year with key figures from Chia Network revealed a series of intriguing plans and projects aimed at further development and innovation in the Chia ecosystem. From new opportunities for businesses, through authentication of luxury goods, to technological development and collaboration with banks. Chia Network continues to broaden its horizons. Additionally, the CHIAXGRANT initiative promises new opportunities for developers and projects related to Chia, which could contribute to further growth and innovation in the ecosystem.
