When NFTr.pro set out to build a platform that would empower creators and shape the future of NFTs, the choice of blockchain was a crucial decision. After careful consideration, NFTr.pro chose Chia as its primary blockchain, recognizing the unique features and benefits it offers to both creators and developers.
On-Chain Royalties and Licenses: Empowering Creators
One of the standout features of Chia’s NFT standard is its integration of on-chain royalties. This means that creators can be assured that they will receive their fair share of royalties whenever their NFTs are traded, without relying on intermediaries or off-chain solutions. Additionally, Chia’s NFT standard supports on-chain licenses, providing creators with greater control over how their work is used and shared.
These features align perfectly with NFTr.pro’s mission to empower creators and ensure they are fairly compensated for their work. By leveraging Chia’s robust NFT standard, NFTr.pro can provide creators with the tools they need to monetize their content and protect their intellectual property.
Supporting Developers and the Community
Chia’s commitment to supporting developers and the community was another key factor in NFTr.pro’s decision to build on the Chia blockchain. Through the submission of CHIPs (Chia Improvement Proposals), developers can actively contribute to the development and enhancement of the Chia platform. This collaborative approach fosters innovation and ensures that the blockchain evolves to meet the needs of its users.
Furthermore, Chia’s well-supported public forums and proactive community outreach demonstrate their dedication to building a strong and engaged community. This aligns with NFTr.pro’s vision of creating a vibrant ecosystem where creators, collectors, and developers can come together to shape the future of NFTs.
The Visionaries Behind Chia
Bram Cohen and Gene Hoffman, the founders of Chia, are renowned pioneers in the world of decentralized technologies and cryptography. Their unique backgrounds and groundbreaking contributions have positioned Chia as a leading blockchain platform for the future of NFTs and beyond.
Bram Cohen, the mastermind behind BitTorrent, revolutionized the way we share and distribute content on the internet. In 2001, Cohen released BitTorrent, a peer-to-peer file-sharing protocol that became the backbone of decentralized content distribution. BitTorrent’s innovative approach to splitting files into smaller pieces and enabling users to share them simultaneously dramatically improved download speeds and reduced the reliance on centralized servers. Cohen’s creation has been instrumental in shaping the modern internet, with BitTorrent accounting for a significant portion of global internet traffic. Beyond its technical achievements, BitTorrent also played a crucial role in fostering the growth of open-source and decentralized communities, setting the stage for the emergence of blockchain technology.
Cohen’s contributions to the world of decentralized technologies have been widely recognized. In 2006, he received the Free Software Foundation Award for the Advancement of Free Software. Cohen also co-founded CodeCon, an annual conference for developers interested in cutting-edge technologies and ideas. In 2017, Cohen founded Chia Network, developing a new blockchain platform focused on security, sustainability, and scalability. He invented the Proof of Space and Time consensus mechanism and the Chialisp smart contract language for the Chia blockchain, further cementing his position as a visionary in the world of decentralized technologies.
Aside from his groundbreaking work in technology, Cohen is known for his diverse interests and hobbies. He is an avid recreational mathematician and maintains a blog where he frequently discusses trust metrics, money systems, and games of skill. Cohen is also a passionate puzzle enthusiast, designing several puzzles, including gear-based puzzles like Gear Shift and a multiple Rubik’s Cube variant called Bram’s Fortress. Some of his puzzle designs are even available for 3D printing, showcasing his creativity and love for challenging problems.
Gene Hoffman, a seasoned entrepreneur and technology advocate, has been at the forefront of the battle for privacy and digital rights. In the early 1990s, Hoffman founded the Internet Anonymous Remailer, one of the first projects to provide secure and anonymous communication on the internet. He later became the director of the Internet Mail Consortium, where he worked on developing open standards for email communication. Hoffman’s most notable contribution to the world of cryptography came in 1997 when he successfully lobbied the U.S. government to lift export restrictions on cryptographic software. This landmark decision paved the way for the widespread adoption of strong encryption technologies, which have become essential for secure communication and financial transactions in the digital age. Hoffman’s efforts to promote open cryptography have earned him recognition as a key figure in the fight for digital privacy and security. Throughout his career, Hoffman has built and sold three companies to PGP, Inc., Vivendi-Universal, and Amdocs. He co-founded Emusic.com in 1998, serving as CEO/President/Founder until its acquisition by Vivendi Universal in 2001. As the Chairman/CEO of Vindicia from 2003 to 2016, Hoffman led the company in helping customers stay connected to subscription services and companies maintain their subscription revenues, ultimately leading to Vindicia’s acquisition by Amdocs in 2016. Since 2017, Hoffman has been a driving force behind Chia Network, initially serving as COO & President and currently as CEO & President, working to build a more secure, sustainable, and decentralized blockchain platform for the future of digital currencies.
The combination of Bram Cohen’s expertise in decentralized content distribution and Gene Hoffman’s deep understanding of cryptography and digital rights has created a powerful foundation for Chia. Under their leadership, Chia has developed a revolutionary blockchain platform that prioritizes security, sustainability, and scalability. By leveraging Cohen’s experience with BitTorrent and Hoffman’s knowledge of open cryptography, Chia has introduced innovative solutions such as the Proof of Space and Time consensus mechanism and the ChiaLisp smart contract language. These advancements have positioned Chia as a leading platform for the development of decentralized applications, including NFTs.
As the NFT ecosystem continues to evolve, the vision and expertise of Bram Cohen and Gene Hoffman will be instrumental in guiding Chia’s growth and adoption. Their commitment to decentralization, privacy, and security, combined with their proven track record of building transformative technologies, instills confidence in Chia’s ability to support the development of a robust, sustainable, and innovative NFT landscape.
Chia Offers: Global Peer-to-Peer Market Disruption
One of the most exciting features of the Chia blockchain is its support for Chia Offers. This innovative mechanism enables the creation of global peer-to-peer markets, allowing buyers and sellers to transact directly without the need for intermediaries. For NFTr.pro, this opens up a world of possibilities for creators to reach new audiences and monetize their work on a global scale.
See Chia’s post, “Unlock Global Peer To Peer Markets” for more.
Real-World Adoption and Enterprise Use Cases
What sets Chia apart from other blockchains is its real-world adoption and enterprise use cases. From the World Bank and the governments of Singapore and Bhutan to Ecoregistry, the United Nations, and Verra, numerous organizations are already using Chia’s Chialisp, CLVM, and blockchain technology in production.
A notable example is the CAD Trust, an auditable global data repository on the Chia blockchain that brings transparency to voluntary carbon offsets. With more than 75% of the annual carbon offset registration now represented in CAD Trust, Chia is demonstrating its ability to support real-world applications and drive positive change.
As more governments, banks, and enterprises adopt Chia, it becomes clear that this blockchain is poised to become a core component of the internet infrastructure. NFTr.pro recognizes the potential of Chia to revolutionize the way we create, trade, and interact with digital assets, and is excited to be at the forefront of this transformation.
By building on the Chia blockchain, NFTr.pro is not only empowering creators but also contributing to the development of a more decentralized, secure, and sustainable future for the digital world.
See CAD Trust’s website for more.
Chia: The Most Decentralized Blockchain by Node Distribution
Chia stands out as the most decentralized blockchain in terms of node distribution, with over 90,000 nodes spread across the globe as of March 2024. This extensive network is geographically diverse, spanning multiple countries and autonomous systems, with China, the United States, and Germany leading the way. The network is also evenly split between IPv4 and IPv6 nodes, ensuring accessibility across different internet protocols.
Chia’s unparalleled decentralization ensures the network’s security, resilience, and fairness, providing a stable foundation for the development of decentralized applications. This makes it an ideal choice for NFTr.pro’s mission to empower creators in the evolving NFT landscape, as it aligns with the core principles of the NFT ecosystem, allowing creators and users to engage with the platform in a secure, transparent, and censorship-resistant manner.
Chia’s Green Technology: Revolutionizing Blockchain Sustainability
Chia’s commitment to sustainability and environmental consciousness is a key factor that sets it apart from other blockchain platforms. By leveraging the innovative Proof of Space and Time (PoST) consensus mechanism, Chia has revolutionized the way blockchains operate, significantly reducing their environmental impact.
Traditional blockchains, such as Bitcoin and Ethereum, rely on energy-intensive Proof of Work (PoW) consensus mechanisms. PoW requires miners to solve complex mathematical puzzles using specialized hardware, consuming vast amounts of electricity in the process. This has led to concerns about the environmental sustainability of these blockchains, as the energy consumption associated with mining continues to grow.
In contrast, Chia’s Proof of Space and Time consensus mechanism utilizes unused hard drive space and minimal energy to secure the network. Instead of solving computationally intensive puzzles, Chia “farmers” allocate unused storage space on their hard drives to the network. The blockchain randomly selects farmers to create new blocks based on the amount of space they have allocated and the duration they have been farming.
This approach has several advantages over traditional PoW systems. First and foremost, it dramatically reduces the energy consumption associated with securing the blockchain. By using hard drive space instead of computational power, Chia minimizes its environmental footprint, making it a more sustainable choice for the future of blockchain technology.
Moreover, Chia’s PoST consensus mechanism democratizes participation in the network. While PoW systems favor those with access to expensive, specialized hardware and cheap electricity, Chia allows anyone with unused hard drive space to contribute to the network’s security. This fosters a more decentralized and inclusive ecosystem, in line with the core principles of blockchain technology.
The green technology behind Chia has garnered significant attention from environmentally conscious organizations and individuals seeking a more sustainable blockchain solution. As the world becomes increasingly aware of the need to address climate change and reduce carbon emissions, Chia’s approach to consensus is poised to become the standard for environmentally friendly blockchains.
NFTr.pro recognizes the importance of building on a blockchain that prioritizes sustainability and environmental responsibility. By choosing Chia as its primary blockchain, NFTr.pro is not only empowering creators and driving innovation in the NFT space but also contributing to the development of a greener, more sustainable future for the blockchain industry as a whole.
