SmartMesh (SMT)

SmartMesh (SMT) widget

ICO date: 29.11.2017 - 04.12.2017
Industry: Internet & Telecommunications
Description:

SmartMesh is a blockchain-based start-up working on infrastructure level protocol to realize off-internet communication and payment.

Features:

SmartMesh local networks will be built in such a way that with the increase in the number of nodes (individual participants), the total bandwidth will only grow. So scaling the network will speed up the confirmation of transactions.

To access the Internet, it is enough that only part of the SmartMesh network members had access to it. Nodes in the network are divided into 3 types: usenodes - ordinary users, carriernodes-some sort of data aggregators, they receive information from usernodes, internetnodes-devices that have access to the Internet. Carriernodes and Internetnodes receive a reward in SMT tokens, which encourages them not to disconnect from the local network.

Since in the local network only part of the devices must be connected to the Internet, the rest can use online banking when they are offline. By the same scheme, payment systems can be used, and crypts can also be paid.

SMT tokens are used to reward Carrier and Internetnodes, it is up to them to ensure the operation of the local subnet.

Website: smartmesh.io

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See also