Chia announced that it had submitted a draft registration statement on Form S-1 to the U.S. SEC, requesting an initial public offering (IPO).
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission , requesting an initial public offering . The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing.
Bram Cohen’s Chia network intends to go public and took a step in that direction on Friday, April 14, 2023, when the firm submitted a Form S-1 filing with the SEC. The blockchain and cryptocurrency project, launched in 2018, leverages storage for consensus through a mechanism called Proof of Space and Time , in contrast to Bitcoin’s proof-of-work . PoST uses hard disk space as the foundation for its consensus algorithm.
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