This week was another big Chia news week, coming hot off the heels of the previous week of huge news. However the news this week was more focused on the existing users of Chia Network and the Chia Blockchain with the week before focusing more on big entire-world news like the World Bank and Costa Rica partnerships.
Starting off the week was the huge Chia Asset Token Q&A session held on Zoom where many new things were announced and launched. First was the CAT standard, along with the first two CATs – SpaceBucks and MarmotCoin. Next came the light wallet with near-instant sync that is needed to support the new CAT standard. Third there was announcement about Automated Market Makers coming, which will be important for providing XCH liquidity when the coin starts trading widely. This Q&A was a really big deal for the Chia ecosystem, and really did change the game for Chia. Having real, working token support is critical for a blockchain looking for real world application and now Chia has it.
The very next day there was another Q&A session from the Chia Network team, this time with a focus on the recent Dust Storm and optimizations made to ensure that something similar doesn’t just start back up immediately. From that session it appears they are taking the issue seriously and have spent real engineering resources to solve this problem. That said, I do have some suggestions here about what they could do to reassure their new enterprise partners that they are doing proper testing on their technology stack.
After the influx of new Chia news, the community has basically been focused on getting SpaceBucks and Marmot Coins. I got my hands on a Marmot coin and detailed out the “process” (if you can call it that) for getting your own. I think that the Marmot Recovery Foundation might be seeing a strange influx of donations and I have reached out to them to discuss. I think its been significant because MRMT is on fire.
Later in the week, Chia hard fork Chives launched on the cryptocurrency exchange LBank. I haven’t followed up on that yet, but it seems to be going pretty well hovering between 0.02 USDT and 0.05 USDT per XCC which with the much larger block reward makes the coin fairly profitable compared to other forks. Congratulations to the Chives team for not running their coin straight into the dirt after launching like some have.
And this is some news that is still in progress, and we don’t have a ton of information at this point, but there was a brief but noticeable dip in netspace that appears to be caused by some nodes getting out of sync with the rest of the network. Its not another dust storm or anything like that, but Chia Network does recommend you update and I will be following up on this if more information about the cause or effects come out.
That is is for real Chia News from the week. This week we made up for the quantity with quality. Right at the end I posted an update to the XCHCentral observation of Chia Pool performance. While not news, its definitely worth checking out to see who is doing well and who isn’t.
On a bit of personal news this was my last week of work at the job I have held for almost 9 years. I may have missed some Chia stuff over the last few weeks while getting organized to depart that role. If I have, please stop by The Chia Plot discord and make a post suggestion to ensure I don’t miss anything. Its also a great place to hang out and chat Chia.