Hetzner Banned the provision of dedicated servers for mining!!
Due to the Chia cryptocurrency's need for hard drives of at least one terabyte, the cost of storage hard drives has increased worldwide, and some data centers have also refused to provide this type of service.
On the other hand, such servers were banned from Hetzner for mining so that the cost of Hetzner services remained cheap, although the amount of storage servers increased by more than 100%.
If you plan to buy Iranian and foreign servers, you can click here.
What is chia?
Chia was created in August 2017 to create an improved blockchain and smart transaction platform.
The company is building the Chia Network to improve global financial and payment systems.
Chia is the first enterprise-grade digital currency.
Chia uses the first new Nakamoto consensus algorithm since Bitcoin.
It's called Proof of Space and Time and was created by Bram Cohen, the best living network protocol engineer and inventor of BitTorrent.
Chialisp is Chia's new smart transaction programming language that is powerful, easy to manage, and secure.
The currently available smart reference transactions are:
Atomic swaps, authorized payers, recoverable wallets, multi-purpose wallets, and rate-limited wallets.
What is the proof of space and time?
Proof of Space is a cryptographic method where it proves that they are allocating unused hard drive space for storage.
In order to be used as a consensus method, proof of space must be tied to proof of time.
PoT ensures that the time of blocks is consistent between them, increasing the overall security of the blockchain.
