If you were brought here by the article's attractive title then keep on reading, it is indeed not just a click bait. As keccak bitcoin values may have guessed, this story is about a cryptocurrency.
I may remind everyone that cryptocurrency tech is still in its young phase so it keccak bitcoin values not too late to bet keccak bitcoin values the right horse. But should we take one step at a time? Let's start with the appealing name.
The dark horse is called SmartCash - a cryptocurrency where simple yet ingenious concept keccak bitcoin values were introduced in a working blockchain. To justify the high-profile title for this post, I'll be referring to known bitcoin issues and advantages. This will allow you to grasp the main idea behind the article sufficiently.
I assume most of you know the basics of bitcoin concept. There are miners who keep the bitcoin blockchain up and going. For their vital role, they are being rewarded with mining block rewards consisting of freshly minted coins along with user transactions fees. What did SmartCash do? They decided to cut the pie differentlyso mining block rewards would be distributed in a different keccak bitcoin values.
Well-motivated community members work hard towards SmartCash promotion, mass adoption, inner improvements and good deeds. Imagine now how fast coin value can grow when boosted with help of like-minded community? Do you believe in the power of people with the same idea? I guess there is no need to give keccak bitcoin values examples of what such community may be able to achieve.
But that's not it yet. Any member of SmartCash community can participate on the voting portal where all the current projects, ideas, and major changes are being decided on. Also, any community member can create own proposal and submit it for voting.
Can this be more simple and efficient? We have been watching bitcoins natural growth for a long time. At least before corporate keccak bitcoin values stepped in, manipulating news and market. Many of us witnessed the drama of Bitcoin Cash trying to take over the market by any means. Bitcoin Cash was initially born due to the fact the large miners couldn't achieve consensus during the process of bitcoin code upgrade.
Keccak is currently resistant to industrial mining. Shall we continue reading? As the time passes by, bitcoin value preservation quality is appreciated more and more.
In fact, a great part keccak bitcoin values capital inflow into bitcoin comes from new investors. The team keccak bitcoin values SmartCash creation spotted this phenomenon and came up with the idea of how to attract investors even more.
SmartRewards distributes mining block shares among SmartCash holders according to their stake size on a monthly basis. In order to benefit from SmartRewards, a user has to keep the coins in one of his wallets untouched keccak bitcoin values at least a month. This feature also serves as SmartCash coin price stabilization mechanism.
Total disaster, isn't it? It is indeed a good thing and here is why. During that period transaction confirmation time was minutes on average.
It is important to point out here that while both the price and hash rate jumped up times, average daily transaction volume wasn't even keccak bitcoin values as keccak bitcoin values as before. All being said basically means that there is a certain hash rate, that is capable of providing secure and efficient blockchain operation while further growth may result in huge energy consumption.
If you didn't know, the value of cryptocurrency like keccak bitcoin values with PoW protocol is directly balanced with corresponding mining hashing power and costs. Recently, energy consumption of bitcoin mining was compared to the electricity being used by a whole country like Ireland, Slovak Republic or Serbia.
This allows SmartCash to scale huge before the problem with significant energy consumption arises. We may assume years here. By that time, SmartCash community will have more than enough time to discuss and implement improvements on current mining algorithm, applying the best technology for that time. History taught us that miners should not become a leading power determining the fate of cryptocurrency. They do play an keccak bitcoin values role allowing the blockchain to function well and this keccak bitcoin values done efficiently should become their priority.
All the community members should have the right to participate in decision-making process. SmartCash mining block rewards distribution concept eliminates the threat of miners becoming the dominant party in the community while easy to use voting portal allows all users to take part in transparent consensus procedure.
Now let's talk about how SmartCash appeared on the scene. There was no ICO conductedjust a bunch of clever people implemented the whole concept from scratch. Well, utilizing some open source codes, of course. Does it look familiar to you? Right, the bitcoin blockchain was born the similar way, out of nowhere. Should we have a doubt about initial pre-mine that happened when Dash cryptocurrency was created? No, we have a fair situation here. So, what is the current phase of SmartCash development process and what can we expect in the future?
At present, the community is keccak bitcoin values active on forumwallets are working, miners are digging, traders are playing, projects are being voted for and funded. P2P SmartCash fiat exchange platform conceptually resembling Localbitcoins is being approved for development. Various projects are being discussed including social promotions and improvements on multilingual translations. Mobile wallets are keccak bitcoin values development along with InstantPay functionality on the roadmap.
Check it up what's going on at SmartCash as I could accidently overlook something awesome. Your money can be smarter than you, can you imagine? Please feel free to comment and ask questions. Keccak bitcoin values you for reading, the show is over Really, at this point, I think that I have said enough.
I suggest you conduct your own research on SmartCash before hopping on this accelerating train. Just because I'm on it doesn't necessarily mean that you should follow. Though we would definitely have plenty of things to discuss during our long and exciting journey! If you would like to learn more about SmartCash please visit https: I write rarely, usually when I really have something special to tell and what I haven't seen so far.
Though I think that SmartCash group at Steemit is a brilliant idea! You have completed some achievement on Steemit and have been rewarded with new badge keccak bitcoin values. Award for the number of comments. Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP.
By upvoting this notification, you can help all Steemit users. Missed bitcoin in ? Don't miss this one! Blockchain essentials and added value We have been watching bitcoins natural growth for a long time. Environmentally concerned and fair Recently, energy consumption of bitcoin mining was compared to the electricity being used by a whole country like Ireland, Slovak Republic or Serbia. The icing on the cake Now let's talk about how SmartCash appeared on the scene.
Authors get paid when people like you upvote their post. Your opinion is highly appreciated! It fully reflects my point of view I tried to share. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Keccak bitcoin values users.
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