id author title date pages extension mime words sentences flesch summary cache txt techcrunch-com-3324 BitTorrent inventor announces eco-friendly bitcoin competitor Chia – TechCrunch .html text/html 594 33 73 BitTorrent inventor announces eco-friendly bitcoin competitor Chia – TechCrunch BitTorrent inventor announces eco-friendly bitcoin competitor Chia Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin's electricity-burning proofs of work. After inventing torrenting in the early 2000s and briefly working on Steam for Valve, Cohen had been at BitTorrent building a new protocol for peer-to-peer live video transfer. Now it's limping along, and Cohen says "it doesn't need me day-to-day." So while he's still on the board, he left in early August to start Chia Network. Cohen wouldn't say how much it had raised, laughing that, "I'm not sure how much we want to announce right now, but it was a very hot round." The goal is do some early sales of Chia in Q2 2018, with a full launch of its cryptocurrency by the end of 2018, though Cohen says that's a stretch goal. ./cache/techcrunch-com-3324.html ./txt/techcrunch-com-3324.txt