SmartCash (SMART) Standing Apart from the Crowd by Empowering the Crowd There are a number of critical features that set SmartCash apart as a leader in the cryptocurrency movement. The first of these is their robust governance system. With SmartCash, the focus is on the community. Not only is the direction and usage up to the owners of SmartCash, but with the voting system, the potential of the digital currency is literally in the people’s hands. True governance coins are rare and the ones that do exist often require a large amount of ownership to vote. This is not so with SmartCash.

Each SMART unit is worth a vote. Speeding Up the Network Some of the big cryptocurrencies have begun to have longer and longer transaction times. For instance, there are times it takes up to 2 days to confirm the transaction of even a tiny fraction of a Bitcoin. Part of this is due to a network being unable to scale from a technical perspective.

The SmartCash team is addressing that issue that with its soon-to-be-released feature InstantPay. This will allow truly instant point of sale and Internet transactions, regardless of the amount. Notably, these transactions will be able to be conducted even faster than current credit card transactions. Users Gain the Majority of the Rewards Perhaps the most unique part about the SmartCash project is its system of payouts. In many cryptocurrency projects, the miners receive all the block rewards.

SmartCash has a completely different approach. The lion’s share of the block rewards, 80%, gets set aside for the community. Of these coins, 30% goes to the SmartHive teams that maintain and promote the network and 70% goes to fund projects that the SmartCash community would like to see advance.

The remaining block rewards are split between the wallet holders and the miners. Miners receive 5% percent of the block rewards while 15% is set aside for SmartRewards that go to wallet holders. Each wallet address that has a balance of more than 1000 SMART, and maintains that balance for more than 30 days, will receive a portion of the block payout. The SmartRewards program promotes savings, encourages steady increases in value by limiting available supply and decreases the volatility of the network Nearly a Billion Dollars Available with Ongoing Supply At a price of just $1 a coin, the SmartCash community fund has $678 million available for spending, as of January 2018. This is possible because a portion of every mined coin is sent to the SmartHive treasury to ensure funds are always available to afford top-tier developers who introduce new features, marketing the coin among the global population, sponsoring and attending conferences, and funding integrations with major exchanges and API providers.

Of course, with community governance, these funds are designed by their very nature to get spent on whatever helps the overall community the most (instead of serving the special interests of a few, which is typical of most other coins). Mining Access to Everyone Profitability has been nearly nonexistent for the average home miner of Bitcoin for quite some time now due to several different factors. However, SmartCash can be profitably mined by virtually anyone with a standard PC today. This is a very important aspect to consider since not everyone around the world has the disposable income necessary to start switching over to another medium of exchange. Now, mining, holding and spending cryptocurrency is in reach for them. Putting SmartCash in more digital wallets will make a big impact on accelerating merchant acceptance and consumer uptake.

Oct 25, 2017 - Recently there seems to be a lot of talk about new cryptos on this site. So I have something to say and perhaps it will get some of you on a good one especially if you are new to mining/trading/holdl.

A Philanthropic Community It’s important to remember the emphasis on community for SmartCash extends far beyond simply voting on code decisions. The SmartHive governance portal enables members of the SmartCash community to submit a proposal for anything they feel the community hive budget can have an impact. Each community member can then view the proposal and vote on it. There have been a number of proposals funded so far, one of which was the Venezuelan Food Project. This ambitious humanitarian project provided over 2,500 meals to people in need in Venezuela while giving them the opportunity to become part of the SmartCash Community. Venezuela is in need of both food and a stable money system, so this project was particularly timely and helpful. Bringing Life to Cryptocurrency Introducing a new cryptocurrency is not difficult in today’s world.

A savvy developer can take already existing open source code, tweak it a little and give it a new name. Taking some genuinely unique ideas and using them to build not only a currency, but a thriving community as well, requires much more work and dedication. The leadership and community that represents SmartCash has certainly exhibited that dedication. They have a remarkable list of accomplishments in a very short period of time and have positioned themselves well for success with self-governance, true privacy, user rewards, mining accessibility, ongoing community outreach and a seemingly endless budget to fund it all. How to Acquire SmartCash The most common method of acquiring SMART is exchanging Bitcoin (Crypto: BTC) for SmartCash (Crypto: SMART) with other market participants on a digital currency exchange, such as CryptoBridge, HitBTC or CoinExchange. After a simple signup process at any of these exchanges, users are able to deposit their Bitcoin so it is available for trading with other digital currencies.

After trading Bitcoin for SmartCash, users can either leave their SmartCash on the exchange for easier trading at a later time or transfer it to a digital wallet for potential SmartRewards eligibility (download links: ). Additional Resources: • • • •.