With incredibly low transaction fees, Smart Blockchain is a game-changer, offering lightning-fast transaction speeds and a platform for DApp launching. This project is designed to revolutionize the decentralized network and simplify scalability in the crypto market.
Empowering Decentralization
Smart Blockchain is a project rooted in Switzerland, with a developer team boasting over a decade of experience in the blockchain and crypto market and payment systems. Their journey began in 2016. After six years of dedication, they’ve launched Smart Blockchain, a decentralized network with over 2 million users from 120 countries around the world.
Smart Blockchain executes instant transactions anywhere, anytime, without the need for intermediaries. Its architecture ensures that users have complete control over their transactions and eliminates unnecessary delays. Moreover, the blockchain network offers anonymity, a vital factor for many users in the crypto world.
SMART is the base coin of the Smart Blockchain, with 9 000 010 200 000 SMART of total supply. The supply limit is set at 100 trillion SMART. SMART is essential for the DPoS-based blockchain workflow as it is the main staking coin. Smart Blockchain is getting ready to launch its staking service meaning that its users could benefit from storing SMART and get rewarded for their active role in the blockchain life.
SMARTs can be stored in the Smart Wallet. It is a convenient new-generation cryptocurrency wallet with an intuitive user interface, high security, and anonymity. Smart Wallet users are granted with an opportunity to launch multiple wallets in one app, giving them unique names, and switch between them quickly. Smart Wallet supports SMART, USDT,ULTIMA, TRX, and other popular cryptocurrencies are scheduled to be added soon.
Smart Blockchain is built on the Delegated Proof of Stake (DPoS) consensus algorithm. This protocol relies on elected super representatives (SRs), who pack transactions in blocks. For their work super representatives are rewarded by the system. Super representatives change every 6 hours, this providing a dynamic and decentralized aspect to the network.
Thanks to the DPoS algorithm Smart Blockchain demonstrates an impressive transaction throughput. Unlike Ethereum, Bitcoin, and Binance, Smart Blockchain can handle up to 2,000 transactions per second. Each new block is mined in just 3 seconds on average, outperforming competitors like Bitcoin, Ethereum, Litecoin, and Qtum. This high throughput guarantees that users no longer need to experience long wait times for their transactions to be processed.
Low Transaction Fees
The average cost of a transaction on Smart Blockchain is less than $0.000005. Thus, users can make a million transactions and pay for them just $5 in fees. This is significantly lower than fees on other networks and traditional financial systems. For instance, a Mastercard transaction costs several hundred times more than a Smart Blockchain transaction, making it a cost-effective choice for users.
Opportunities for Active Users
Smart Blockchain’s unique consensus mechanism allows for active user participation. Users can vote to select super representative candidates, with the top 27 candidates becoming SRs, or try to become super representatives by themselves. Each time SR completes the production of blocks, the rewards are sent to a sub-account in the super ledger. SRs can verify but cannot directly use these SMART coins. Withdrawals can be made by each SR once every 24 hours, transferring the reward from the sub-account to the specified SR account. A fee has been introduced to prevent malicious attacks on the SR role. When applying, 9999 SMART will be burned from the applicant’s account. If successful, such an account can join the SR election.
Open for Developers
Smart Blockchain is designed to host various decentralized apps, from healthcare and digital rights to E-commerce and equity. Developers looking to build on Smart Blockchain have access to a wide selection of more than 60 HTTP API gateways. These APIs enable interaction with the network through full nodes and Solidity nodes, offering developers extensive flexibility to create decentralized applications and integrate them into existing products. Smart Blockchain is built on the Google Protobuf system, which simplifies data handling and allows for seamless interactions across different platforms.
With its impressive throughput, low transaction fees, and active community participation, Smart Blockchain is poised to change the way we conduct transactions and build decentralized applications. Developers have a versatile platform to create their projects, and users can enjoy the benefits of fast, secure, and cost-effective transactions. Smart Blockchain is a testament to the power of innovation and community collaboration in the blockchain space.
