SMARTCASH WHAT IT IS AND HOW IT WORKS

Today I want to talk about a very interesting cryptocurrency.
It's called Smartcash and was introduced in 2017.
Its characteristic is that it is a community that makes it very popular and usable.
But let's go with order we begin to understand what it is and how it works.

WHAT IS SMARTCASH?

Smartcash is a decentralized peer-to-peer digital currency with its own Blockchain.
was introduced in mid-2017 and there was no ICO and no cash collection, it is self-financed using the rewards per block.

A very interesting feature that has is to have the opportunity to vote for a proposal or even propose it to the community as if it were a government.
In fact, the currency has a treasure right where everyone votes to be able to spend it, but not in their favor but to improve the whole system.
This concept makes Smartcash very decentralized and continuously improving because it is the whole community that decides not just one member.

Another feature that points smartcash is that of instant payments, which is very important today, making quick payments and with very low fees.

The voting system

The voting system is very intuitive, first of all in order to vote you must have at least 1 Smart on your wallet that equals 1 vote and to create a proposal you need 100 Smart.
the smart that we are going to vote in reality do not really spend them but they are our voting power within the community.
Instead, to create the proposal we really have to spend 100 smart as a guarantee.

To be able to vote just go to the wallet both desktop and the web in this case use the desktop wallet, going to the entry SMARTVOTE opens a screen where all the active proposals appear.

Going on each of them we can see what it is and how many people have already voted.

To give him our vote, just go to the SELECT YOUR VOTE box and let's select the vote.

After that we click on the bottom right on VOTE FOR PROPOSALS

and at this point we confirm the vote.
If you have set a password to the wallet, you have to enter it here to confirm otherwise you do not have confirmation.
Instead to create a proposal go to the OFFICIAL SITE
And go to SUBMITE PROPOSALS and at this point you can create a proposal for the community.
Here you will find an OFFICIAL GUIDE

REMUNERATION CONCEPT

Each block is extracted from the network using the Keccak algorithm, the average time is 55 seconds and the size is 1 MB.
The prize per block is assigned according to the rule:

and there is a total availability of 5 billion smartcash.
The prize per block is distributed according to this scheme:

Where 70% is used to finance community development and the remaining 30% goes to:

Smartnode 10%
Smartrewards 15%
Miners 5%

Smartnode

Smartnodes are dedicated VPS servers on the desktop wallet and are used to maintain the smart network.
To run a smartnode you must have:

100,000 Smart: that come as a guarantee,
A computer for running a local wallet to start nodes and hold funds,
A VPS server installed Ubuntu for remote node running 24hrs/day with the following specs:
o 2GB RAM (about half used for OS and half for daemon)
o 20GB drive (less than 1GB used for wallet, some for OS, and some for future.)
o 1 Static IPV4 Address per node (IPV4 address that never changes) (No IPV6)
For more information go here for the OFFICIAL GUIDE

To get an idea of the gain for 1 Smartnode.

Smartrewards

Smartrewards is an incentive mechanism to maintain a smartcash fee on its wallet without making any exit movements for 1 month, to make the value of the currency appreciated and reduce inflation.
Each address that holds at least 1000 Smartcash minimum 1 month without making outgoing transactions, is entitled to a percentage that can vary from 0.70% up to 1.5% but this depends on the network.

Miners

Finally we have the mining of smartcash which is given by 5% of the block value, very low value and not very remunerative, this has been crated to the post to increase the speed and the cost of the network that with mining becomes very expensive and slow.
Resat the fact that on the OFFICIAL WEBSITE
are present the details of the pools.

WHERE TO BUY SMARTCASH?

Smartcash is present in many exchanges also because it is present in many countries.
The various exchanges are:

The price has changed a lot as we can see in the chart below, today stands at $ 0.01.

THE ROAD MAP 2018

-Official site
-Explorer
-Wallet
-Whitepiper

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mysearchisover (70) 6 years ago

So like Steem almost nobody can buy it without giving your ID to an exchange?

$0.06

2 votes

myjournal (33) 6 years ago (edited)

@mysearchisover you can buy SmartCash through your web wallet - you have two options in there. Changelly and SmartShift the project's builtin exchange.

$0.04

1 vote

Can you buy it with a credit card and trade it to a different crypto without a photo id?

cripto51 (41) 6 years ago

Yes, it is necessary to go on the exchange.

$0.00

ganar (25) 6 years ago

hi I am here to up vote you.

thank you.

allaz (56) 6 years ago

Thank you for using Resteem & Voting Bot @allaz Your post will be min. 10+ resteemed with over 13000+ followers & min. 25+ Upvote Different account (5000+ Steem Power).

hoangton (37) 6 years ago

Please correct the roadmap in your article are for 2018 and add correct link to explorer are https://insight.smartcash.cc/

thanks for the intervention, correct.

steemitboard (66) 6 years ago

Congratulations @cripto51! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 250 upvotes. Your next target is to reach 500 upvotes.

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