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Chia Coin, XCH - The Third New Blockchain, The Third Coin Podcast
Manage episode 320826149 series 3288315
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In this episode of The Third Coin Podcast, Chia Coin, XCH - The Third New Blockchain, Lewis asks the team rudimentary questions about Chia. Grand and Dan explain why it gets their attention and how different it is from Bitcoin and Ethereum.
(00:01:07) Grant explains Chia and Proof of Space and Time blockchain vs the types of blockchain tech that are more widely used.
(00:04:45) Grant and Dan explain how Bitcoin is a coin or UTX model and how Etherium is an account model.
(00:09:41) Grant explains how Chia Coin compares to File Coin and mostly how they don’t.
(00:12:36) Lewis asks how Chia is similar to Ethereum
(00:12:57) Grant's answer begins by explaining the history behind the development of blockchain.
(00:15:13) A recap about what makes Chia so different.
(00:17:33) We discuss Lewis’s first experience purchasing Chai and how he navigated through multiple wallets.
(00:28:17) Lewis explains how he has used some Chia faucets and found some tokens
(00:29:27) A great conversation ensues about Tokens versus Coins which then explains how Chia has a layer 2 similar to Eth but more suited for use. This is a 10-minute conversation.
(00:40:31) Grant wraps up how big of a deal Chia really is.
(00:50:39) The group finishes by mentioning some more subjects to talk about as far as Chia and new developments with the tech such as offer files.
That wraps up today's episode.
Thank you for checking out our video.
Don't forget to click the “follow” button to get notified about new episodes of this #podcast for the number one source of REAL and useable #cryptocurrency and #blockchain information.
If you prefer to listen to this in podcast format, all of our platforms can be found here:
https://anchor.fm/thethirdcoin
The hosts of The Third Coin Podcast are:
Dan Mueller - crypto veteran
https://www.facebook.com/dishmandan
Grant Cermak - Crypto Developer Guru and founder of www.irulast.com
https://mobile.twitter.com/grantosan
https://mobile.twitter.com/CoinTheThird
and
Lewis May - marketer, rally race car owner, and co-driver
https://hammersportmarketing.com/
https://www.facebook.com/lewis.t.may
https://www.linkedin.com/in/lewistmay/
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