Proceedings of International Conference on Applied Innovation in IT  ·  2026/03/31  ·  Vol. 14  ·  Issue 1  ·  pp. 1161–1170
Chia Blockchain Network: A Review
Hiyam Hashem Saeed and Ziyad Tariq Mustafa Al-Ta'i
📄 Download PDF DOI: 10.25673/123710
Abstract
Chia is envisioned to become a novel blockchain that captures the best of Bitcoin and beyond. The platform does not necessitate complex, energy-intensive Proof of Work (PoW) mechanisms, in contrast to traditional networks such as Bitcoin. A novel Nakamoto consensus algorithm, known as Proof of Space and Time, is employed instead. This approach facilitates farming, a more energy-efficient alternative to mine formation, owing to network capacities. This article provides a comprehensive overview of the Chia Blockchain Network. This paper presents an overview of the network's composition, a system diagram, and prospective use case scenarios for various niches. The report also compared the new network to prominent existing networks, including Bitcoin and Ethereum, with respect to decentralized file storage, scalability, and security. The economic model of Chia, which prioritizes storage as the primary commodity and promotes sustainability, was also analyzed. The calculations indicate that Chia's energy usage per transaction is X% lower than Bitcoin's, while its transactions per second (TPS) is Y% higher than Ethereum's, hence providing enhanced scalability. This study examines the structure of Chia’s invention in relation to the blockchain trilemmas, where decentralization, security, and scalability determine the path an entity must follow. Additionally, the potential applications of Chia in decentralized finance and supply chain management will be examined. The results suggested that Chia may represent a revolutionary framework in contemporary blockchains, offering a more efficient, secure, and scalable network for high-volume operations.
Keywords
Chia Blockchain Proof of Space and Time (PoST) Energy Efficiency Verifiable Delay Functions (VDFs).
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