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SmartMesh is a blockchain-based protocol that enables the creation of a decentralized, self-organizing, and self-healing mesh network. It allows for the transfer of digital assets, data, and messages between any two nodes in the network without relying on an intermediary or centralized server. The SmartMesh platform utilizes its own cryptocurrency called SmartMesh (SMT) to incentivize users to participate in the network. SMT can be used to pay for services such as data storage, bandwidth usage, and other transactions within the SmartMesh ecosystem.
SmartMesh also has a unique consensus mechanism known as “Proof of Coverage” (PoC). This consensus algorithm rewards users who have established physical connections with other nodes in the network by providing them with additional tokens. This incentive encourages users to create more reliable connections which increases overall network stability.
The SmartMesh protocol also includes several features designed to improve scalability and security. These include sharding technology which splits large networks into smaller subnetworks that can process transactions faster; smart contracts which allow for automated execution of agreements between parties; and cross-chain interoperability which allows different blockchains to interact with each other.
Overall, SmartMesh is an innovative platform that provides users with a secure way to transfer digital assets without relying on third party intermediaries. Its PoC consensus algorithm incentivizes users to establish reliable connections while its sharding technology helps increase scalability. Additionally, its smart contracts and cross-chain interoperability make it an attractive option for developers looking to build applications on top of a blockchain infrastructure.
