According To Crypto Strategist Randall Trzaska

1. This Is The Next 100X Altcoin Gem To Watch Out, According To Crypto Strategist Randall Trzaska Top trader Randall Trzaska from popular channel Crypto Love unveils an altcoin gem named Chia Network (XCH) with massive upside potential to grow 100x in 2021. Chia Network Chia Network is developed to improve the global financial and payments systems. Chia is the first enterprise-grade digital money. Chia is touted as a greener cryptocurrency than Bitcoin and Proof of Work coins while being more secure than Proof of Stake coins, as outlined in its business paper. According to the trader, Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, it was created by Bram Cohen, the network protocol engineer and the inventor of BitTorrent. What is Proof of Space and Time? As the crypto KOL explains, Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space. In order to be used as a consensus method, Proof of Space must be tied to Proof of Time. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain. In terms of operation, Proof of space can be thought of as a way to prove that you are keeping some storage unused on your hard disk drive. Meanwhile, Proof of time requires a small period of time to pass between blocks. “More free hard drive space you have, the more likely you are to generate a block and earn Chias Native XCH token.” Tokenomics Unlike Bitcoin, Chia does not have a limited supply. Yet, it does have a deflation monetary policy. After the Chia pre-farm, Chia offers farming rewards of 64 chia every 10 minutes. Over the first 12 years the farming rewards will be halved at the end of each 3rd year. From year 13 to infinity, the rewards will remain constant at 4 chia every 10 minutes leading to ever decreasing inflation rates.