Chia Network (XCH) is a layer 1 blockchain that employs a unique consensus technique known as proof-of-space-and-time, as well as its own custom-designed programming language called Chialisp (PoST). These two together allow the blockchain to utilize less energy while maintaining network security. Chia Network is a public, for-profit, open source enterprise that intends to be listed on the NYSE or NASDAQ, unlike most other blockchains. Chia Network intends to put XCH on its balance sheet in the event of a listing because its blockchain is designed for corporate use.Chia Network (XCH) uses a less electricity-intensive consensus process to improve on proof-of-stake (PoS) and proof-of-work (PoW). The network achieves Nakamoto consensus by merging the different functions of proof-of-space (PoS) and proof-of-time (PoT).Chia Network has its own programming language called Chialisp. This is an on-chain programming language that is smart contract-compatible and takes most important components of Ethereum (ETH), Solidity, and Bitcoin Core but keeps Bitcoin's UTXO model. Doing so allows for simultaneous transactions instead of sequential, making Chia Network a faster and more energy-efficient blockchain compared to its rivals.