Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

Altcoins

Crypto

Chia Network is a blockchain and smart transaction platform to perform efficient transaction validation, called "farming," powered by empty computer storage space. But how does it work?

Chia-Network.jpg

Bitcoin has had its share of detractors, ranging from Elon Musk to the New York Times. Critics complain about the power-hungry nature of its 

 (PoW) mining. Mining is resource-intensive, with each Bitcoin transaction validation consuming 1,544 kWh or 53 days of power for the average household, according to the Bitcoin Energy Consumption Index. 

The Chia Network aims to revolutionize the crypto space, setting out a protocol for using storage space to replace blockchain validators. Let’s take a closer look at the Chia Network and its pioneering consensus algorithm, meant to operate without intensive energy consumption.

Chia Network is a blockchain and smart transaction platform that uses proof-of-space and proof-of-time to perform efficient transaction validation, called “farming,” powered by empty computer storage space allocated to “plots.” 

The idea is to create tokens based on free storage space, rather than processing performance. Chia Network trades under the symbol XGH, and its 

 has been running since Friday, March 19, 2021.

Anyone with unused disk space can farm Chia by allocating disk space to plots, and only the initial “plotting” of the hard drive is time and resource-intensive. Chia proudly boasts a secure 

, patterned upon Bitcoin’s launch in 2008. It verifies transactions without sacrificing decentralization and 

. Nakamoto Consensus refers to the process of verifying transactions on a blockchain. In short, it creates a computer network of independent, distributed nodes that can agree on transaction activity.

, who also authored the BitTorrent protocol and file sharing program. And the native currency is XCH which can be farmed.

Chia aims to solve the energy-intensive computing process of cryptocurrency transactions on other networks, which are typically verified using either proof-of-work or 

. These methods usually require the collective computing power of miners, who are rewarded for their contributions. Chia’s environmentally friendly infrastructure promises to be greener, more decentralized, easier to audit, more energy-efficient, secure, and easier to use than those of other cryptocurrencies. 

Chia’s white paper cites three core issues it intends to resolve. The Chia Network focuses on addressing centralization issues while providing enhanced security against long-range attacks. It also addresses the inability of proof-of-stake networks to recover from 

The cryptocurrency space receives a fair amount of backlash on its protocols regarding energy consumption. Just Ethereum mining alone, at an estimated 56.6 terawatt-hour (TWh), is equivalent to the carbon footprint of the entire country of Malta. 

 (CBECI) estimates Bitcoin mining will reach 128 TWh before next year. If that’s true, Bitcoin and Ethereum mining will be using ten times as much electricity as Google, more than Norway as a whole, or 0.6% of the Earth’s total supply. The verification and recording of all global transactions come with a substantial carbon footprint.

 consumes an average of 47,752 kilowatts (kW) as of July 19, 2021, based on the current netspace of 31.0 EiB. That’s a fraction of power compared to Bitcoin and Ethereum, which proves its efficiency with a much smaller carbon footprint.

The most significant difference between the Chia cryptocurrency and Bitcoin is the transaction verification system on both networks. Bitcoin uses a proof-of-work mechanism in which miners contribute their computing power to solve complex mathematical problems and earn rewards, while Chia utilizes a proof-of-space-and-time (PoST) system that works by uploading data on empty computer storage space that involves completely normal hardware. It allows network participants to show they’ve been storing data over a period of time.

Simply put, the Chia network utilizes unused disk space for farming the token, instead of high-performance graphic cards and processors. Such a process is meant to cost a miner far less to mine Chia than Bitcoin. 

 that it can be farmed directly on Amazon Web Services (AWS) cloud servers. The network aims to make home-based mining feasible. Anyone with a computer, an internet connection, spare storage space, and sufficient CPU power can participate in farming. 

Reportedly, it takes as little as five minutes to farm Chia on AWS, after which the user can generate a crypto wallet address to which the farmed Chia coins are transferred. By not requiring significant hardware, this integration allows Chia to provide greater flexibility to its community of miners (farmers).

In contrast, Bitcoin miners need top-of-the-line hardware for mining. With little to no reliance on computing power, the Chia network doesn’t fall prey to the persistent 

, which has been exacerbated by supply chain issues during the pandemic.

Furthermore, Bitcoin has a capped token supply of 21 million, which is a key feature. However, the Chia network favors predictable continuous inflation and 

 that a “predictable amount” matters more than a fixed supply. 

Since Chia’s mainnet is live, XCH can be either purchased or farmed.

Given the relatively recent launch of XCH, it is not necessarily available on all exchanges. The currency went public in April 2021. Traders can buy XCH using either the USDT-USD Tether coin, BTC, or ETH from major cryptocurrency or digital currency exchanges.

To start farming Chia, install the Chia software, configure it correctly, and then dedicate storage space to plots. 

To initiate the Chia mining process, all you need is a personal computer or laptop equipped with a collective computer power with a processor that has a clock speed of 1.5 GHz, 2 GB RAM, and a 1 TB solid-state drive (SSD). To create a Chia farm, the following components are required.

Intel’s Core i3, i5, and i7 (or any other processor with four cores) are suitable for farming Chia. A processor equipped with a graphics card provides additional storage and, though expensive, can be a better option.

The storage drive is the main component required for farming Chia. Ideally, storage drives can be either SSDs or hard disk drives (HDDs) that support a SATA III interface. It’s also useful to apply a combination of both SSDs and HDDs, with the former speeding up the graphic process and the latter enhancing the 

. An overall capacity of 300 GB or more of storage is preferred.

The motherboard should ideally also support SATA III and USB 3.0 ports, as well as a network controller capable of 1,000 Mbps. Having more ports allows more drives to be part of the system, while a faster internet connection provides better farming speed.

To supplement the SSDs and HDDs, a power supply of up to 500 watts is needed. It’s also important to choose a power supply having multiple SATA, Molex, and PCI connectors for connecting additional drives.

The quickest way for most users to get started is to download and install the Chia software with a graphical user interface on Windows or Mac. Before you get started, make sure that any sleep or suspend settings are disabled. Plotting hard drive space to a Chia plot is an uninterruptible offline process that takes several hours. 

Chia’s consensus states that a fast computer will plot a 101.4 GiB k32 plot in roughly six hours, with a slow machine taking up to 24 hours to plot the same space. Sleep, suspend, and hibernation will interrupt plotting, and Chia doesn’t have a resume function yet. 

If the power happens to go out or the process is otherwise interrupted, you’ll have to delete the temporary files and completely start over. 

The most straightforward way for beginners to start plotting is to use the “Plots” feature straight from the Chia blockchain GUI. With just a few easy steps, the farmer can begin plotting storage space into a plot. As soon as the plot is created, the farmer is ready to receive a challenge and potentially win a reward.

Every plot that the farmer has connected to the network has a chance of winning blocks and therefore being rewarded with Chia. A plot never needs to be deleted, and the more plots a farmer has, the higher their chances of completing the cryptographic block challenge and winning XCH. Even the largest storage arrays consume a negligible amount of power, making massive Chia farms a possibility without electricity consumption posing a problem. 

The Chia Network installs software on your computer. It’s made up of a node that syncs the blockchain, a farmer which sends proof requests to the harvester (or harvesters), and a harvester (or harvesters) that evaluates plots to see if they have qualifying proof. 

The plot with the best proof wins a reward. After Chia is installed and synced with at least one plot created and ready, farming begins. As soon as you’ve created a plot, you’ll notice “Time to Win Coin” displayed in the farming tab. Keep in mind that this value is just an estimate.

The reward for farming one block is 64 Chia tokens, and the farming speed relies on the disk storage capacity of the user. Leave your Chia node running, and continue farming for as long as your machine is connected to the Chia Network blockchain. 

Chia is currently (July 23) trading at $179.61 with a 

 of over $150 million. There is a total supply of 21,514,760 XCH. After arriving at its all-time high of $1,934.51 on May 3, XCH’s price has been declining persistently amidst the crypto crackdown.

Though Chia is dubbed as the greener mining alternative, there are widespread concerns over the adoption of Chia, due to the large number of hard disk drives used in the farming process. Increased manufacturing of hardware would lead to high emissions and electronic waste. As an example, Chia farming can 

 of a 512-GB hard drive from a decade to less than two months, which leads to a significant increase in e-waste.

Furthermore, as another side effect of Chia farming, HDD manufacturers Western Digital and Seagate have reported increased demand and 

 of hard disk drives and graphic cards. This has led to increased costs for these devices. In addition, German cloud storage provider Hetzner Online Gmbh

 users from farming the Chia token on its servers due to increased load and associated hard drive failures.

Large Chia farms typically have a smaller carbon footprint using less energy-intensive technology than competing cryptocurrency farms. Farming Chia leaves you with a fraction of the electricity bill of mining, and anyone can begin turning their unused storage space into green digital assets without solving complex equations like Bitcoin.

Overall, proof-of-space (or proof-of-spacetime, also known as PoST) is a promising alternative to digital currencies and the proof-of-stake model. The network witnessed a tremendous amount of initial excitement, reaching highs of $1,600 in mid-May, but since then dropping precipitously to below $200. Only time will tell if the Chia Network can reach widespread adoption to make a dent in the electricity consumption and the energy usage of today’s popular cryptocurrencies.

Chia Crypto: Is It Truly a Greener Alternative to Bitcoin?

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Chia Crypto: Is It Truly a Greener Alternative to Bitcoin?

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