Review on SmartCash by francis fernandez
Smart cash: platform for virtual payments between users and businesses privately
Smart cash is a digital currency that operates on its platform to allow the exchange of products and services through the payment of virtual money; promoting a digital economy system between merchants and users under a private, decentralized and open source blockchain technology, which provides security and speed to commercial transactions.
What features can we highlight from Smart cash?
* It is used to carry out private operations thanks to the use of the Zerocoin protocol that allows generating new coins by burning the previous ones without the possibility of tracking their history.
* Offers a monthly reward system distributed among holders of 1000 SMARTs or more based on 15% of all block earnings derived from operations in their native currency. To qualify for this reward, holders must maintain the minimum limit of coins in their portfolio for at least 30 days. These earnings are paid to the user every 25th of each month and are proportional to the amount of cryptocurrency owned.
* It has a participatory community where each owner of a Smartcash has the right to one vote.
* Its platform works with open and decentralized code that allows developers and interested community to support project improvements and design applications based on its technology.
What is Smartcash mining?
The Smart cash blockchain uses the keccak mining protocol that provides decentralization and resistance to ASIC, as well as speed to the network, creating 1,018 SMARTs in approximately 54 seconds.
The reward that miners receive is 5% and the remainder is distributed to the community fund (80%) and smartRewards (15%).
Pros
- Allows merchants to easily register their business to be part of the Smartcash payment system through a mobile device.
- Small and large merchants have the opportunity to enter new electronic markets and sources of financing on the net.
- Provides the opportunity for developers to create projects based on its open source technology.
- It allows an economic free trade system under a secure platform for the transfer of goods and assets in a private, fast and secure way.
Cons
- Its platform is only available in two languages: English and Portuguese
