![Green cryptocurrency - a revolution in the Fintech industry [PRESS RELEASE PART 2]](magazyn/image/blog//green-cryptocurrency-a-revolution-in-the-fintech-industry-press-release-part-2.png)
Kopalnie Krypto Team - Monday 8 May 2023
Green cryptocurrency - a revolution in the Fintech industry [PRESS RELEASE PART 2]
In April, there was so much buzz about Chia that we had to split the traditional press release into two parts. While most media outlets discussed the blockchain in the context of the IPO process and the SEC filing, there were also several articles shedding a different light on Chia Network.
The Coin Republic featured a quite detailed analysis of Chia, with a special focus on the security and utility of the blockchain and its contribution to sustainable development. Readers of the portal could explore the unique features of the blockchain, which utilizes the Proof of Space and Time (PoST) consensus, and also grasp the fundamental difference between "mining" and "farming". Chia was presented as a green alternative to energy-intensive Bitcoin - enticing especially due to its extensive technical documentation available on the official website. Another advantage highlighted was that the blockchain was designed with consideration for everyone - developers and end-users alike - making technical knowledge no obstacle. The editorial team at The Coin Republic also commended the focus on security, the smart contract system allowing for non-standard transactions and complex applications, and the various practical use cases (including potential applications in supply chain management). The article concluded with an interesting technical analysis of XCH price targets.
Secondly, Finextra published an intriguing piece on ecological trends in the fintech industry. The author identified five key trends shaping (and likely to continue shaping) the market landscape in 2023, driven by environmental concerns amplified by the ecological crisis. Alongside eco-investments, carbon tracking and offsetting, and contactless payments, there is also a place for "green cryptocurrencies". Topping the list - ahead of Nano and Cardano - is Chia (XCH). The text emphasized that, due to its unique consensus mechanism, green cryptocurrencies are even faster, more secure, and more decentralized than standard cryptos.
At the end of April, Business Wire also featured an article on the collaboration between Chia Network and SpaceKnow regarding data security and analytics for the AgroTech industry. Blockchain and innovative satellite technologies are set to provide greater accuracy, accessibility, and transparency, resulting in increased trust in carbon credit programs. Together, the companies aim to build and maintain a geospatial database that will enable tracking of lands included in sustainable development programs. The "RESCUE" project, launched with the support of IETA and Indigo Ag, will utilize Chia DataLayer and Verifiable Credentials. The data will be highly secure, easily verifiable, and auditable, protecting them from manipulation. Naturally, this data will be stored on the public Chia blockchain.
As you can see, there is a lot happening in the Chia space, and quite a bit being written about it. Our editorial team will keep an eye out for further press mentions in popular international publications.
