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Spacemesh (SMH) is a new cryptocurrency that aims to be more efficient, accessible, and decentralized than existing blockchain-based currencies. It uses a unique layer 1 "Proof of Space-Time" system that allows miners to earn rewards by contributing storage space over time, instead of using lots of computing power. This approach reduces energy consumption and makes it easier for more people to participate in mining. Spacemesh is designed to handle a high volume of transactions quickly while maintaining a decentralized network. The project's goal is to create a greener, fairer, and more secure cryptocurrency that can be widely adopted.
Proof of Space Time