SmartMesh is a cryptocurrency that aims to provide a decentralized, self-organizing, and self-powered global mesh network. The project focuses on solving the problem of internet connectivity in areas with limited or no infrastructure by leveraging blockchain technology and wireless mesh networks.
SmartMesh utilizes the concept of "mesh networks," which are networks formed by connecting devices together without the need for a centralized infrastructure or a central authority. These mesh networks allow devices to communicate with each other directly, creating a decentralized network that can operate independently.
The SmartMesh cryptocurrency, known as SMT, is used as a form of payment within the network. It enables users to access network services, pay for internet connectivity, or reward other users for contributing to the network's growth and maintenance. The team behind SmartMesh aims to create an ecosystem where people can freely share their internet resources and access a reliable internet connection.
SmartMesh also aims to improve the scalability and efficiency of blockchain technology by utilizing a technology known as "off-chain" computing. This approach reduces the burden on the blockchain network by processing certain transactions off the main chain, thus increasing scalability and reducing transaction costs.
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