What is SmartCash?
SmartCash is trying to avoid centralized mining by implementing decentralized governance and developing features that support anonymous, usable and untraceable cryptocurrency. The cryptocurrency has three main features; SmartHive where users get to control the fate of the coin, SmartRewards to stabilize the prices and encourage long term holding and InstantPay for instant transactions. SmartCash is mineable but with Keccak—which is ASIC resistant, the network has been successful in abating mining centralization thereby stimulates the growth decentralization of the network. The average block reward is about 101.8 SMART with a block time of 54 seconds. The network token is SMART and can be traded on CryptoBridge and CoinExchange but one will first need to own Bitcoin or Ethereum before purchasing SMART. The SMART token can be stored on the personal wallet once purchased and GUI wallet is suitable as it allows SMART staking and SmartRewards.