Compare Chia (XCH) vs BUSD

Chia is the native currency of Chia Network which was created in 2017 as a blockchain and smart transaction platform that is with a minimal carbon footprint. XCH is the symbol of Chia coins. Chia Network was designed as a global financial and payments system. Creating an environment-friendly cryptocurrency that can be used in daily transfers is the biggest driving force behind Chia Network. The Proof of Space and Time consensus mechanism is a very unique and innovative solution used by the Chia network. Proof of Space and Time is more eco-friendly compared to proof of work or proof of stake. Chia Network uses idle hardware storage instead of computing powers.

BUSD is a stablecoin provided by the cryptocurrency trading platform giant Binance. Binance issues BUSD backed by fiat USD in 1:1 ratio in a partnership with NewYork regulated financial institution Paxos. BUSD stands out with its US-regulated financial foundation. Since its creation in 2019, BUSD gained ground faster than other stablecoins.