What Is SmartCash?

Traditional cryptocurrencies, like Bitcoin, reward only the miners while neglecting the other actors that play an active role in maintaining, developing and promoting the project. SmartCash is a community-centric cryptocurrency, where community and development comes first. 29% of the block reward has been allocated to fund SmartHive community proposals as well as the Hive Teams. 71% of the remaining block reward has been allocated to Mining (1%) and SmartRewards (60%) and SmartNodes (10%).

With SmartCash we leaving only 29% for certain projects like system maintenance and some other basic needs. We highly encourage anyone with the skills to help grow SmartCash to get involved in the community and bring your best creative ideas with you.

SmartCash now has SmartMining that prevents mining attacks. Mining can be done by anyone with a computer with one or more graphics cards. ASICs have yet to be created for the Keccak mining algorithm and it’s probably safe to assume no ASICs will be created for quite some time.