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Spacemesh (SMH)

Last updated: Nov 25, 2022

Spacemesh is an open-source programmable cryptocurrency powered by a novel proof-of-space-time consensus protocol.

Seed Funding: $3 Million

Series A funding round: $15 Million

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Founded	United States
Whitepaper	Open

What is Spacemesh

Spacemesh is an open-source programmable cryptocurrency platform powered by a novel proof-of-space-time (PoST) consensus protocol. Spacemesh does not use proof-of-stake (PoStake) or proof-of-work (PoW) protocols, thus it avoids some of their inherent issues, such as massive energy waste, mining pooling, and centralization.

Spacemesh is designed to achieve three main objectives:

Create and maintain the ledger for the Smesh coin (SMH). Smesh is a fair cryptocurrency and a global means of payment.
Ensure fair, wide distribution of Smesh.
Establish a global programmable infrastructure for tokenized apps, communities and economies.