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Key Concepts of chia?

by chiasherpa

Chia was developed by Bram Cohen, who is behind the peer-to-peer BitTorrent protocol.
The Chia network has its own on-chain programming language, known as Chialisp.
Chialisp operates similarly to Ethereum’s Solidity in that it enables smart transactions on the blockchain. Chialisp is designed to make decentralized application for multi-signature wallets or recoverable wallets.

The Chia Network goal is to be as broad as possible so that the validators are everyday folks without expensive as compared to mining with Bitcoin and Ethereum.
Instead of relying on processing performance to mine, chia uses storage space. The biggest benefit is reducing the amount of electricity that is wasted in the process of mining. The downside is the extensive read and write cycles required to make a chia plot will burn out most consumer SSD drives, so its definitely not recommended to use your boot Operating drive for save plots.

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