Chia Network develops a blockchain and smart transaction platform created by the inventor of BitTorrent, Bram Cohen. It implements the first new Nakamoto consensus algorithm since Bitcoin in 2008. Proofs of Space and Time replace energy intensive “proofs of work.”
Chialisp is Chia’s new on chain programming language that is powerful, easy to audit, and secure. It will make cryptocurrency easier to use than cash. Reference smart transactions currently available are: Coloured coins, rate-limited wallets, and distributed identity wallets.