Chia Network: The ‘Most Decentralized Blockchain’ on the Planet? 🤔

Gene Hoffman, CEO of Chia Network, discussed the company's vision for a more sustainable, secure blockchain, and its partnerships.

In this episode of Unchained Premium, Unchained editor James Rubin spoke with Gene Hoffman, CEO and president of Chia Network. Chia is the 2017 creation of Bram Cohen, who also founded peer-to-peer protocol BitTorrent. 

Gene delved into Chia’s origins, its focus on reducing Bitcoin’s electrical footprint, and its unique approach to smart contracts.

On Monday, Chia cut more than a third of its 70-person workforce, telling CoinDesk that the loss of banking partner Credit Suisse had led to a costly delay in its plan to trade publicly. Yet when he spoke with Unchained, Gene was optimistic about Chia’s future, highlighting its partnerships with the World Bank and others, and the institutional adoption of the network. 

Show highlights:

• the origins of Chia Network and its focus on sustainability

• whether Chia is a competitor to Ethereum and why Gene believes that its NFT standard is "superior"

• the real-world partnerships with entities like the World Bank and the Singapore government

• why Gene says that Chia is the most "decentralized blockchain on the planet"

• how Chia is pitching companies to start using their blockchain 

• why private blockchains represent the biggest threat to Chia

• the company's current financial status and future fundraising plans

For those who are not Premium subscribers yet, here’s a sneak peek 👁️

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