SmartCash Announced Improved SmartRewards and New SuperNodes

SmartCash is excited to share two forthcoming updates which will improve decentralization, censorship resistance, and engagement with the community. With the addition of SuperNodes, there will now be three ways for participants to engage directly with SmartCash: SmartRewards, SmartNodes, and SuperNodes.

First, SmartRewards will be updated to require each address to participate in SmartVoting to be eligible for rewards. SmartRewards will also be shifted to a 90 day holding cycle (142,500 blocks). In order to separate each set of incentives and simplify reward calculations SmartNode and SuperNode collateral will not be eligible for SmartRewards. We anticipate that active community members will receive higher rewards for participating as this new approach will remove inactive addresses from receiving payments.

Additionally, early next year there will be a new type of incentivized SmartCash server released that will power the SmartCard SmartPay API and the ElectrumSmart servers. SuperNodes will require a high amount of SMART collateral in order to receive a portion of the block rewards. This is intended to incentivize their maintenance and operation of SuperNodes and further decentralize important SmartCash services. Anyone will be able to independently run these services to support the SmartCash network.

With these changes, SmartCash is positioning for wider adoption and more active community engagement. SmartCash is dedicated to ongoing improvements to core features like SmartVoting and SmartRewards like these to meet the goals and mission of SmartCash. We believe these changes will better position SmartCash to continue to be a robust, censorship-resistant, decentralized, and active community.

These features are currently being implemented, and their release date is anticipated to be Q4 2018 for Improved SmartRewards and Q1 2019 for SuperNodes.

About SmartCash:

SmartCash is an easy to use, fast, and secure cryptocurrency that supports everyday use such as business payments and daily transactions. SmartCash has a unique decentralized governance system and technologies such as SmartNodes, InstantPay locked transactions in about a second, send by SMS and email, a project treasury with private key voting, SmartMining security, SmartCard, and it's Point of Sale app called SmartPay. SmartCash is pushing the limits of blockchain technology with tools that support entrepreneurship and innovation.

Intended for use worldwide, SmartCash is available at ATMs, the first cryptocurrency shop in Europe, The House of Nakamoto, local exchanges and is especially popular in South America and Africa. In Brazil, 85% of retailers accept SmartCash with the SmartBand and is now available at an additional 13,000 Caixa locations in Brazil.