In 2021 Bram Cohen, a world renown network protocol engineer and creator of BitTorrent released a revolutionary type of cryptocurrency called Chia. Chia introduced a new consensus algorithm to the world (Proof of Space and Time) that drastically reduced energy consumption utilization, validating the blockchain with unused hard drive space (Farming) rather than using raw processing power (Mining which uses Proof of Work). This was a huge step in the right direction and a massive evolution in the sustainability of decentralized currencies, but we knew there was a way to make it even better.

The adoption of Chia has been explosive. The ability for anyone in the world to be able to farm Chia, even on an old hard drive or laptop, has driven massive growth. However, as Chia’s network has grown, and the likelihood of receiving rewards has decreased, many Chia farmers are sitting idle with dedicated hard drives or farming setups. This underutilization has created waste in the ecosystem. The eureka moment came for us when asked “Why not recycle all of these Chia plots and let people farm another currency on the same plot?” Spare was born.

Spare is the world’s first block chain to utilize the revolutionary new consensus algorithm Proof of Space and Time (PoST) AND recycled crypto resources, allowing it to be farmed on existing Chia plots.

This combination of PoST and farming on recycled plots gives Spare the smallest carbon footprint of any cryptocurrency on the planet.