BitTorrent’s Bram Cohen Now CEO of Chia Network
BitTorrent’s Bram Cohen Now CEO of Chia Network
Chia Network, a distributed ledger technology (DLT) that claims to be focused on creating a “green” cryptocurrency that is less wasteful and more decentralized, has announced Bram Cohen, the creator of TRON’s (TRX) BitTorrent as its new chief executive, according to reports by The Block on June 17, 2019.
A New Era
Per sources close to the matter, Bram Cohen is now the CEO of Chia Network following the resignation of co-founder Ryan Singer.
The 44-year-old American computer programmer is viewed as one of the pioneers of the decentralized internet due to his excellent work on the peer-to-peer (P2P) BitTorrent protocol, the network that powers BitTorrent, a popular file-sharing program that is now owned by Justin Sun.
After leaving BitTorrent, Cohen decided to dedicate more time to Chia Network, a blockchain project he founded in August 2017, in a bid to develop a digital asset that would function as an alternative to Bitcoin, with higher scalability and less energy-intensive.
Chia Network claims its building a distributed ledger that is based on proofs of space and time, powered by a native altcoin that is more secure, more decentralized and less wasteful.
In 2018, Chia Network reportedly raised $3.4 million from heavyweight venture capital firms including Andreessen Horowitz, Greylock Partners and Naval Ravikant, the co-founder and CEO of AngelList.
Reportedly, since October 2018, the Chia Network team has been testing its “farming” consensus algorithm by running optimization contests with members of its community and open-sourcing the best implementations.
A Brief History
Cohen, who is the son of a teacher and computer scientist, reportedly learned the BASIC programming language at the young age of 5 and he’s not looked back since then.
During his early years, Cohen worked at several tech startups including MojoNation (Mnet), a distributed peer-to-peer data store for file sharing.
With the experience garnered at MojoNation, Cohen called it quits in April 2001 and began working on his own file sharing system called BitTorrent.
Cohen has received several awards for his excellent work on the BitTorrent protocol including Wired Rave Award (2004), he was recognized by the MIT Technology Review TR35 in 2005, as one of the top 35 innovators in the world under age 35, 2005 Time’s 100 Most influential people and more.
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