SmartCash | An Unbelievable Project Happening Right Before Our Eye In The Crypto Space.

Anybody who has been involved in the Crypto space could never deny the hope that bitcoin "the granddaddy of all cryptocurrency" introduced with how transaction could be made between borders without the barrier of law or distance and the ability to store a monetary value digitally without holding it "sounds like a magic" but an actual reality that could bring an end to or improve the old banking traditional system.

As the first of its kind, bitcoin though brought along a new promising face of technology but had so many flaws to be properly integrated into the society for mass usage.

Some of which are:
° Massive energy consumption of miners base
on the Proof of work(PoW) algorithm it was
built around which is raising a lot of concerns
and debate about the effect of this to the
environment.
° Increasing transaction fee as the price per 1
coin increase.
° Slow transaction speed as the load of the
network increases.

Blockchain as a rigid technology posses a huge headache as to how these flaws could be conveniently solved, therefore many cryptocurency blockchain projects have been giving birth to that found a way to tackle the bitcoin flaws from the scratch and also introduce new features.

As the normal routine of surfing round the net for new trend and opportunities I found such a cryptocurrency project that really amased me in a fascinating way as it featured operation that haven't been used before in the crypto space.

Introducing to you SMARTCASH
SmartCash is a community governance, privacy and growth focused blockchain based currency & a decentralized economy.

One quality that every successful project have in common is a good community engagement.
SmartCash is indeed built solely for the people as anybody possessing a useful talent no matter the language or geography can participate in the project vision.

The traditional way of assigning new block rewards is mostly to the miners.
SmartCash thought this is unfair as many department ensures the continued functioning of a system and therefore assign only a fraction(5%) of block reward to miners and the majority to the community and members.
This also ensure total decentralization of the system by relieving the power of miners towards centralization.

Major Categories and Features Of the Project.

SmartHive - the powerful community of the project that focuses on the growth, development, maintenance and scalabity of the project. 70% of block rewards are assigned to the SmartHive for proposal execution and general development of the project

SmartReward - is a reward base program that aim to encourage long hodling of smartcash by members and also serve as a price stabilization mechanism. This is done by sharing 15% of block reward with addresses that hold at least 1000smart. The snapshort for this happens on the 25th of every month. A bit of the coin must not be spend from the address and coins must be transfered to the address before 25th to be eligible for the following month reward, transfer made after the 25th will require a 60days wait instead of 30days.

SmartNodes: These are sets of computers each having the software copy of the whole blockchain. To set up a SmartNode a user must have at least 10,000smarts in their wallet to be eligible to set this up. SmartNode are rewarded 10% of block rewards for the contribution made. SmartNode also facilitate instant processing of transaction.

The Awesome Community Of The Project

Talking about the community, a comment I could make is just - Wow!. Should we start from the Discord community that is so fabulous or the one on steemit which I initially knew not to talk of the ones built on other channels.
You won't actually grab the idea until you become part of it and have the experience yourself.
The rate at which top talent are being recruited for project support and development is also encouraging.

The project potentials came to manifest when the price of 1 smart suddenly jump by 14x in a span of few days, before the whole crypto market came crashing in January. This is a point to prove that the project is already being watch and ready to be adopted by many lovers.

With the power centered around the community Smartcash is indeed built for the people and everybody who is involved with the project one way or the other is considered as a team member.

Learn about the project on the
Official website!
Follow and be part of it on
Twitter!
Discord!

#smartcash