SmartCash is one of the newest cryptocurrencies on the market and has been forked from the Zcoin protocol. It is community governance, Growth-focused, and cooperation blockchain based currency and a decentralized economy. The decentralized and incentivized currency community offers a different kind of governance system.
Bitcoin and other popular cryptocurrencies offer rewards only to the miners but largely ignore the other players in the setup who also play a crucial role in various key areas of the project. SmartCash is one of the few cryptocurrencies that has the interest of the community in their list of priorities. SmartCash has allocated a whopping 80 percent of the block reward to the fund the proposals of the SmartHive Community and teams. The community can control key aspects such as the fate of the coin, the usage, the budget and even the governance. The balance 20 percent is allocated to SmartRewards (15 percent) and Mining (5 percent).
Smart Hive is a smart initiative by this platform. It is an attractive incentive program which allows the community or anyone individual who holds the currency to comment about the potential and the future of the blockchain. They are also rewarded for their suggestions about the use of budget, features, and apps, promotions, marketing, and advertising. This is indeed a unique and profitable way of encouraging others to be a part of the SmartCash community.
SmartCash works in a unique manner as its mining thwarts absolute control and inspires network growth instead. Any computer can be used as a device for mining and can still be used for carrying out other tasks. SmartCash does not look like creating any ASICs for some time now for its Keccak mining algorithm. It will probably happen when the market cap of the currency.
SmartCash also has a scheme for renewing and reclaiming coins. This feature allows users to destroy their old coins and get new ones for a small fee. The reason for this process is privacy. It makes it impossible for anyone to track SmartCash coins via the blockchain. The whole process takes just a few minutes but ensures a high level of security for the currency holders.
SmartCash is a cryptocurrency with immense potential. Promotions and incentives are announced on a regular basis to attract more people to the community.
There are 452,173,675 SMART circulating in the cryptocurrency market today against the total supply of 1,053,217,954 coins. The market cap of SMART is $51,394,512 as on date.
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