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techcrunch-com-9841		Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO – TechCrunch			.html	text/html	1114	56	66	Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO – TechCrunch Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO Now he's building a cryptocurrency called Chia that doesn't waste electricity like Bitcoin, and top investors are lining up. The money will help the startup build out its Chia coin and blockchain powered by proofs of space and time instead of Bitcoin's energy-sucking proofs of work, which it plans to launch in Q1 2019. It's avoiding the often-abused ICO process that Chia president Ryan Singer says comes with "a lot of issues with regulatory uncertainty and investor protection." Instead, it's working with its general council and the SEC to do a mini-IPO this summer or fall through the JOBS Act's Regulation A+ equity crowdfunding rule. But with a solid team, set of investors and plan, Chia could prove the blockchain's worth beyond Bitcoin.	./cache/techcrunch-com-9841.html	./txt/techcrunch-com-9841.txt