Convert and Swap Chia XCH to United States Dollar USD
XCH/USD: 1 Chia equals $21.29 USD
Chia (XCH) is not tradable on Coinbase.
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Last update: 8:42 AM, December 23, 2024
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Chia is falling this week.
The current price of Chia is $21.29 per XCH. With a circulating supply of 13,957,509 XCH, it means that Chia has a total market cap of $297,020,456.84. The amount of Chia traded has fallen by $1,091,587.06 in the last 24 hours, which is a 8.94% decrease. Additionally, in the last day, $12,214,583.21 worth of XCH has been traded.
About Chia
Chia Network (XCH) is a layer 1 blockchain that employs a unique consensus mechanism known as proof-of-space-and-time (PoST). This mechanism allows the blockchain to consume less energy without compromising network security. Chia Network is a public, for-profit, open-source company that aims to be listed on major stock exchanges. It uses a custom-designed programming language called Chialisp, which enables smart contract compatibility and enhances transaction speed and energy efficiency. The blockchain is designed for enterprise use, with the company planning to hold XCH on its balance sheet in the event of a listing.
Chia Network operates using a combination of proof-of-space and proof-of-time mechanisms. Proof-of-space requires miners to allocate unused storage on their hard disk drives, which is then used to solve a challenge, similar to puzzle-solving in proof-of-work (PoW) systems. The software stores a collection of cryptographic numbers on the miner's disk, and a challenge number from the previous block is used to create a new block. Proof-of-time, on the other hand, verifies the passage of time through Verifiable Delay Functions. Nodes known as Timelords ensure that time is correctly documented for solving the proof-of-space functions. Chia Network also uses its own programming language, Chialisp, which allows for simultaneous transactions, making the blockchain faster and more energy-efficient compared to its competitors.
Chia Network aims to enhance global infrastructure and data management, and it provides a platform for building applications and more with its modular and scalable suite of solutions. It is designed to address today's siloed, manual-intensive, and inefficient centralized data processes using the Chia blockchain. The network's decentralized technology provides enhanced network and data security to prevent breaches and attacks. It is also built to protect consumers globally while championing innovation and driving digital asset adoption. Furthermore, Chia Network is designed to be eco-friendly, providing a more scalable technology as the foundation of sustainable business practices.
Chia Network was established in Delaware in 2017 by Bram Cohen, the founder of the popular peer-to-peer file sharing platform BitTorrent. The project is led by an experienced senior management team, including former NASDAQ CEO Gene Hoffman as chief operating officer (COO) and former Overstock.com CEO Mitch Edwards as chief financial officer (CFO). Chia Network's first proof-of-time function was released in 2019, with the first beta version of its blockchain launching in 2020. The network achieved full functionality, including wallet functionality, transactions, and smart contracts, with its mainnet launch in 2021. The project has also attracted significant funding from leading venture capitalists, raising $61 million in May 2021.
How Chia and United States Dollar differ
Chia (XCH) and the US Dollar (USD) are two distinct forms of value storage and exchange, each with its unique characteristics. Chia, a layer 1 blockchain, operates on a proof-of-space-and-time (PoST) consensus mechanism, which aims to reduce energy consumption without sacrificing network security. It uses a custom-designed programming language, Chialisp, to facilitate smart contract compatibility, transaction speed, and energy efficiency. On the other hand, the US Dollar, a traditional fiat currency, is regulated by the Federal Reserve and backed by the US government. Unlike Chia, which is decentralized and operates on a network of computers worldwide, the USD is centralized and its supply is controlled by the Federal Reserve. Chia's value is determined by market demand and supply, while the USD's value is influenced by economic factors such as inflation, interest rates, and the country's economic health. Chia also aims to enhance global infrastructure and data management, providing a platform for building applications with its scalable solutions. It seeks to address inefficient centralized data processes using blockchain technology, offering enhanced network and data security. In contrast, the USD does not have these technological capabilities and is primarily used for traditional transactions and store of value.
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XCH to United States Dollar conversion tables
The exchange rate of Chia is increasing.
The current value of 1 XCH is $21.29 USD. In other words, to buy 5 Chia, it would cost you $106.44 USD. Inversely, $1.00 USD would allow you to trade for 0.0470 XCH while $50.00 USD would convert to 2.3487 XCH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 20.76%. Meanwhile, in the last 24 hours, the rate has changed by 0.32%, and that the the highest exchange rate of 1 XCH to United States Dollar was $21.75 USD and the lowest 24 hour value was 1 XCH for $20.27 USD. This time last month, the value of 1 XCH was $16.46 USD, which is a 29.52% decrease from where it is now. Looking back a year, Chia has changed by $33.49 USD. That means that in a single year, the value of Chia has shrank by 37.65%.
XCH to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$21.18 USD | 0.32% | $26.90 USD | -20.76% | $16.46 USD | 29.52% | $33.49 USD | -37.65% |
XCH to USD
Amount | Today at 8:42 am |
|---|---|
0.5 XCH | $10.64 |
1 XCH | $21.29 |
5 XCH | $106.44 |
10 XCH | $212.89 |
50 XCH | $1,064.43 |
100 XCH | $2,128.87 |
500 XCH | $10,644.35 |
1,000 XCH | $21,288.69 |
USD to XCH
Amount | Today at 8:42 am |
|---|---|
0.5 USD | 0.0235 XCH |
1 USD | 0.0470 XCH |
5 USD | 0.23 XCH |
10 USD | 0.47 XCH |
50 USD | 2.35 XCH |
100 USD | 4.70 XCH |
500 USD | 23.49 XCH |
1,000 USD | 46.97 XCH |
Today vs. 24 hours ago
Amount | Today at 8:42 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 XCH | $10.64 | $10.59 | +0.49% |
1 XCH | $21.29 | $21.19 | +0.49% |
5 XCH | $106.44 | $105.93 | +0.49% |
10 XCH | $212.89 | $211.85 | +0.49% |
50 XCH | $1,064.43 | $1,059.25 | +0.49% |
100 XCH | $2,128.87 | $2,118.50 | +0.49% |
500 XCH | $10,644.35 | $10,592.52 | +0.49% |
1,000 XCH | $21,288.69 | $21,185.05 | +0.49% |
Today vs. 1 month ago
Amount | Today at 8:42 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 XCH | $10.64 | $8.24 | +29.25% |
1 XCH | $21.29 | $16.47 | +29.25% |
5 XCH | $106.44 | $82.35 | +29.25% |
10 XCH | $212.89 | $164.70 | +29.25% |
50 XCH | $1,064.43 | $823.52 | +29.25% |
100 XCH | $2,128.87 | $1,647.04 | +29.25% |
500 XCH | $10,644.35 | $8,235.20 | +29.25% |
1,000 XCH | $21,288.69 | $16,470.40 | +29.25% |
Today vs. 1 year ago
Amount | Today at 8:42 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 XCH | $10.64 | $16.75 | -36.45% |
1 XCH | $21.29 | $33.50 | -36.45% |
5 XCH | $106.44 | $167.50 | -36.45% |
10 XCH | $212.89 | $335.00 | -36.45% |
50 XCH | $1,064.43 | $1,674.99 | -36.45% |
100 XCH | $2,128.87 | $3,349.99 | -36.45% |
500 XCH | $10,644.35 | $16,749.94 | -36.45% |
1,000 XCH | $21,288.69 | $33,499.87 | -36.45% |
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