About SmartCash (SMART)

Overview

SmartCash (SMART) is a decentralised, peer-to-peer digital currency, which allows users to be their own bank. The idea is to replace centralised fiat currencies by creating a cryptocurrency that is fast, secure, easy-to-use and supports daily transactions for people all over the globe. SmartCash uses a SmartHive governance model, which allows the community to vote on projects they believe should have funds allocated towards. Anyone can put their proposal forward for a one-time fee of 100 SMART. Afterwards, every SmartCash holder can participate by voting for the proposal using SMART (1 SMART = 1 Vote). Proposals are open for 14 days. SmartCash launched on July 17th, 2017 and utilises a Bitcoin 14 core base code. There was no ICO held for SmartCash; instead, it was self-funded and a portion of the block rewards is towards core teams. SmartCash uses different core teams to ensure and maintain their decentralised governance structure. These teams are in charge of particular projects such as development, outreach, and support. These teams run independently, but cooperatively, which results in organic growth.

Technology

SmartCash uses a Proof-of-Work (PoW) consensus algorithm to validate transactions and produce new blocks on the chain, similar to Bitcoin. PoW is the original consensus algorithm and is considered highly secure. However, it is criticised and limited by the processing power required to mine, which has a negative impact on the environment. With PoW, miners race against each other to solve a complex mathematical puzzle, and the first to do so receives a reward. The more computational power a miner has, the more likely they are to solve the puzzle. Once the mathematical puzzle is solved, a new block is formed and added to the blockchain. Transactions placed in this block are considered confirmed. The average block time is 55 seconds, and the Maximum Supply is 5 Billion SMART.

Future Focus

SmartCash is very active with multiple projects under development. Some include; Developing a SmartCard and merchant reader, upgrading the explorer, mobile wallet, 24-hour support centre and developing a hardware wallet. For more information regarding SmartCash visit the official site or view their whitepaper.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

Buy SmartCash (SMART)

Trading Hours:
9am – 10pm, 7 days.

7892

Need to know

We run a tight ship here at Bitprime. Before purchasing, all customers must:

Register a user account with us.

Verify your ID.

Login before purchasing.

Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

Buy Bitcoin

Due to the price of sending and sourcing BTC the minimum order is $500.00.

Trading Hours:
9am – midnight, 7 days.

We are Off now.

Sitewide limits have been lifted Dismiss