In this video, I give an overview of SmartCash features as well as an analysis of January's events regarding the exploit that was fixed and the relevant exchange issues that resulted due to the upgraded wallet. It is important to note that at this point no users lost funds as a result of the exploit and that the overall supply of coins and coin issuance rate is unaffected.
SmartCash is a community driven cryptocurrency that dedicates 70% of it's block rewards to a community fund and has a low barrier of entry for users to submit and vote on proposals. Only 100Smart, roughly $50, is required to submit a proposal, and only 1SMART is required to vote. The majority of other crypto's with treasury fund require users to have thousands of dollars invested to even have a say in the community. SmartCash offers SmartRewards which pays users a percentage of the blockrewards for holding 1000SMART in a wallet. SmartRewards provide an easy way for anyone to receive blockreward payments without having to leave your wallet running or downloading the entire blockchain. SmartCash has a Renew feature which solves the fungibility problem that so many crypto's have. SmartCash recently launched their version of masternodes called SmartNodes that require 10,000SMART and a dedicated VPS. SmartNodes payments are now active as of block 300,000.
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