# Chia Network (XCH): D-Score 60/100 — Decentralized

**BlockIndex D-Score: 60/100 (Decentralized).** Chia Network (XCH) is a Layer 1 cryptocurrency using Other consensus. Chia Network: Energy‑efficient Layer‑1 blockchain using proof‑of‑space‑and‑time and Chialisp for enterprise tokenization.

_Source: https://blockindex.ai/coin/xch · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 60 |
| Node distribution | 26 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 13 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: Other (Other)
- Launch: Other (2017)
- Founder: Bram Cohen
- VC funded: Yes
- Max supply: N/A
- Circulating: 14,411,726

## Market data (as of 2026-06-19)
- Price: $1.95
- Market cap: $28.11M
- 24h volume: $1.51M
- 24h change: -2.52% · 7d change: -2.92%

## About
Chia Network (XCH) is an enterprise-focused, energy-conscious layer‑1 blockchain founded in 2017 by Bram Cohen, the inventor of BitTorrent. The project was created to provide a platform for tokenizing, custodying and trading real‑world and digital assets with an emphasis on auditability, provenance, and lower energy consumption than traditional proof‑of‑work chains. Chia Network Inc. (CNI) was established as a Delaware corporation and operates with a corporate governance model; the team has repeatedly positioned the project toward regulated markets and enterprise adoption. Led operationally by CEO Gene Hoffman, the organization pursued venture funding (notably a $61M round in May 2021) and developed commercial products such as the Chia Cloud Wallet while maintaining open developer documentation and a public whitepaper.

Technically, Chia combines proof‑of‑space with proof‑of‑time (PoST) consensus: farmers allocate disk space to create proofs of space and a verifiable delay function (“timelords”) provides the temporal component. The design retains a UTXO‑inspired transaction model and introduces Chialisp, a domain‑specific smart contract language intended for expressive on‑chain logic and safe contract composition. Chia’s architecture prioritizes energy efficiency by relying on storage allocation rather than continuous CPU/GPU hashing; it also embraces conventional developer tooling and an emphasis on enterprise compliance. The network moved from early research through a PoT function release in 2019, a beta in 2020, and full mainnet functionality with wallets and smart contracts in 2021.

From an economic perspective, Chia’s tokenomics are characterized by a significant pre‑farm (strategic reserve) and a scheduled farming issuance curve. Documentation and market snapshots in the supplied sources state that 21,000,000 XCH were pre‑farmed as an initial reserve and a multi‑year scheduled reward curve governs ongoing issuance (e.g., 64 XCH per 10 minutes for first 3 years, halving steps across multi‑year bands thereafter). Supply figures in the provided snapshots vary slightly; a June 15, 2025 snapshot reports ~32,999,582 XCH supply and a separate snapshot lists circulating values near 14.41M XCH. Price history has been volatile—an all‑time high near $3,472 (May 3, 2021) and later price troughs recorded in 2025 are documented in the supplied market data.

Governance is corporate and off‑chain: Chia Network Inc. is the legal entity controlling operational decisions, and coin ownership does not directly confer governance rights in a DAO. The project explicitly chose a company‑centric model rather than an on‑chain DAO governance framework. This approach, combined with a large pre‑farm and venture funding, shapes the project’s decentralization profile and economic incentives. In parallel, Chia has continued engineering work and productization, including client updates, cloud wallet offerings, and SOC‑2 compliance efforts aimed at enterprise adoption. Overall, Chia presents a pragmatic tradeoff: an energy‑efficient consensus and expressive on‑chain language with corporate governance and a sizeable strategic reserve to fund development and commercialization.

## Links
- Website: https://www.chia.net/
- Whitepaper: https://www.chia.net/white-paper/
- GitHub: https://github.com/Chia-Network/chia-blockchain

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore