Why mine chia coins? Is chia coin really good?

Multiple signatures and molecular swaps are the foundation for more complex smart transactions and the key to many simpler controls and storage arrangements. This allows companies to require two of the three signers to complete a transaction, or to complete a transaction between Bitcoin and Chia, rather than exchanging them in a trust-based manner. The IETF BLS signature protocol can also make multi-signature schemes easier and safer for Chia participants, because signatures can be combined and do not need to be generated in sequence or at the same time or address, which in turn can make the value of this currency higher.

Chia coin authorized recipient wallet

For example, authorized payee authorization allows companies to delegate spending rights from operators to payroll managers, who can only pay to addresses set by operators or financial managers. According to the analysis of the industry's leading chia mining machine provider, Pool A Shen Suan Mining Pool, this can alleviate the negative effects that may be caused by email phishing attempts to gain benefits or hacking payroll managers, making corruption more difficult. Chia coins are expected to use distributed identity wallets to make the transaction process more convenient.

Transfer Retrieval

When one institution sends money to another institution on the blockchain, two things happen. First, a certain amount of blockchain confirmation must be generated to prove to the recipient that the sent money is valid, rather than a two-way consumption, otherwise the received money will not be considered valid by the network in the future. The second activity only confirms that the payment transaction has actually taken place, because it may be necessary to confirm the identity of the beneficiary before the transaction can proceed. Transfer retrieval adds a time frame. After the initial transfer is moved to the blockchain, the sender can withdraw the funds. By adding a third key, the migration of the underlying currency of the transaction can be retrieved or accelerated, thereby reducing the risk of sending transactions and realizing a custodial operation model.

Through a shorter repair escrow period, for example, one block less than the recipient's block number, if there is a deviation in the transaction process, the typo in the recipient's address can be corrected, the bad buyer can be discovered and a correct transaction process can be pushed again. For some strictly controlled test cases, a longer payback period can be achieved. If all transfers in the wallet are found to be improper later, they can be reviewed and cancelled. In the online shopping mode, customers can entrust the purchase escrow to the freight company. When the carrier receives the package, the freight company will distribute the funds to the retailer. If the goods are not delivered to the carrier within the promised time, the funds will be returned to the customer.

Credit Wallet

A limit wallet allows you to create a wallet that can only consume a certain number of coins within a certain period of time. Chia coins can be used to put a year's living expenses into the wallet, but only 1/52 of the funds in the wallet can be used each week. If the wallet is stolen or hacked by a third party, once you are sure you have lost control, you can use the main wallet to transfer the balance of the assets that have not been stolen. #区块链#