The nature of the POST algorithm makes it resistant to the development of mining pools, which helps the network to remain decentralised. POST relies on cryptographic protocols called Verifiable Delay Functions (VDFs), according to the Chia Network website. Designing implementations for the VDFs will help developers improve on the blockchain and cryptocurrency system.
Executives at Chia Network plan to take the company public, either through an initial public offering (IPO) or a special purpose acquisition company (SPAC). The firm has set the goal to go public relatively soon, Hoffman told Bloombe
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