Jesus Christ, Chia Network. Jesus Christ. This is a bad one. Chia Network has, in a very rapid turn of events, eliminated an entire asset class from their blockchain (CAT1) and replaced it an entirely new asset class (CAT2), removed the original from the client and caused a ton of chaos with a short notice…
Tag: cats
Further Explorations of the CAT standard
The communications about how CATs work are misleading at best and outright incorrect at worst. A naive reading of the CAT standard information published in the announcement on November 15th by Chia Network strongly implies that CATs are somehow akin to real world coins and metal wherein they can always be melted down and reshaped…
A nuanced look at Chia Asset Tokens (CATs)
The Chia Plot community member Grizzo has recently written up his thoughts about Chia Asset Tokens (CATs) and has shared them with us, along with a very useful technical primer on how CATs work. The point about melting stablecoins is a very good one, and I think that mechanism might open up some interesting problems…
Chia publishes Chia Asset Tokens – Asteroid and Marmotcoin plus others
The first Chia Asset Tokens – or CATs – have hit Testnet, with some very interestingly named tokens so far. It also appears from the screenshots that Chia will be verifying tokens. These 4 tokens, Asteroid, Energy, Water and Marmotcoin (obviously the best coin), are available at the following chia-blockchain branch and you can check…
Bram Cohen releases glossary of terms for Chia Asset Tokens
Bram Cohen, CEO of Chia Network Inc, has published a blog post regarding the new terminology Chia is using to describe their Chia Asset Tokens (CATs). Its not his usual serious fare, and is written quite whimsically. But even though it is pretty clear about what a CAT is, and isn’t, the Twitter thread announcing…
