The last week has been fairly eventful for Chia Network and the farming community, so I thought I would a Chia News roundup post in case anyone missed anything. This is probably something I am going to start doing regularly on Sundays, so let me know if you think it is a stupid idea. Otherwise, welcome to the first Chia News of the Week.
First I’m going to cheat a bit and discuss the World Bank Climate Warehouse announcement, even though it was really 9 days ago and the week before. It is a big deal though, so you should check it out here. Briefly, it is a program to develop a decentralized system of federated databases each owned and operated by nations or other private parties but verified against records on the Chia blockchain. Stay tuned for more in depth reporting about the architecture of what Chia Network is building here and why they are describing it as a public good.
Also that day we had what might be the first real, successful listing of a Chia fork altcoin, with HDDcoin launching on XT.com with a USDT trading pair. Its had its ups and downs since then, but no rug pull style sell-off crash. I followed up a few days later with a piece about how the price had doubled from the actual real trading price and that volume was healthy for a Chia fork. It’s down a little now but still seems good compared to the previous attempts at listing a Chia fork.
Next we got a first look at what Chia might be building to use with the CATs they have been promising. The Carbon Asset Token looks like they will have a carbon credit registry system for use with the World Bank Climate Warehouse program they had just announced. They are also going to be hosting an AMA to discuss the launch of the Chia Asset Token on Tuesday so its possible we will learn more then.
Chia updated their website. The first update to the site since I start paying attention to the company, and it looks pretty good. They also have a new catchphrase, The Internet of Markets which I think will have more trouble taking off than they expect because, of course, they have trademarked it.
After that, with COP26 in full swing, Chia held an IETA dinner with Hub Culture with the topic being the Ven Oxygen, or Vo2 coin launching that same day. Thanks to some assistance from a very observant Chia community member we guessed that Vo2 would announce it was going to run on Chia Network and it seems like we were right. The original Ven coin is a digital currency that has been used since before Bitcoin launched, so this is not a small deal.
Next came the really big news – Costa Rica, a worldwide leader in Climate change action, announced that they had selected Chia Network as their technology partner for building blockchain-based open-source tools for helping countries combat climate change. The inability to cheat each other or sell two separate countries the same carbon credit is actually a really big deal, and is considered a core requirement when discussing Article 6 of the Paris agreement outside of any blockchain context so I think this might be a real thing.
Hot on the heels of HDDcoin’s listing, crypto exchange LBank announced that they would be listing Chives coin on their exchange soon. I have never used that exchange, so I don’t know if I can recommend anyone use it, but it is a real crypto exchange and not something developed specifically to trade Chia forks, so that is a good thing. Let’s hope that experience is more of an HDDCoin and less of a Spare.
Finally Nucle launched on Android. It wasn’t a smooth launch and they are still having some issues, but I expect this to get sorted out really quickly and for there to be a real, usable mobile wallet on Android and iOS very soon. I have seen some of their in-development plans and while I can’t talk any details whatsoever I can say that I expect big things from this team and that a small hiccup on a Google Play deployment doesn’t really mean anything in the long run.