Spacemesh Price

(SMH)
USD($)
Spacemesh (SMH) Live Price Chart

Spacemesh Live Price Data

The live price of Spacemesh is $1.14, with a total trading volume of $ 150,020 in the last 24 hours. The price of Spacemesh changed by -10.54% in the past day, and its USD value has decreased by -0.26% over the last week. With a circulating supply of -- SMH, the market cap of Spacemesh is currently -- USD, marking a --% increase today. Spacemesh currently ranks #-- in market cap.
How do you feel about Spacemesh today?
Note: This data is for reference only.
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Spacemesh(SMH) Profile

altRank--
rate--
Expand
Documentation
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Contract
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Audited By
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Code & Community
Investors
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$1.130
$1.270
$5.860
-2.31%
-10.54%
-0.26%
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$17,487 
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2.4B

About SMH

How can I buy Spacemesh (SMH)?

Buying SMH on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Spacemesh (SMH) for more information.

What Is Spacemesh (SMH) Crypto?

Spacemesh (SMH) is a decentralized, peer-to-peer network that acts as a public ledger for transactions. It uses a unique consensus algorithm called Proof of Spacetime, which allows users to participate in the network by allocating disk space. This process, known as "smeshing," is environmentally friendly and provides a low barrier to entry.

As a "smesher," you can earn rewards in Spacemesh coins (SMH) by contributing your storage space. The more space you allocate, the more rewards you receive. This system ensures fair participation without the need for powerful mining equipment, unlike Bitcoin's Proof of Work or Ethereum's Proof of Stake methods.

Spacemesh offers a decentralized and censorship-resistant platform where anyone with a computer and internet connection can join and secure the network while earning rewards.

How Does Spacemesh Work?

Spacemesh (SMH) uses a unique consensus protocol called Proof-of-Space-Time (PoST). This protocol allows anyone with a standard PC to participate in the network without needing powerful, energy-intensive hardware. Here's how it works:

  1. Smeshing: You allocate a portion of your hard drive space to participate in the network. This process is called "smeshing." It requires at least 256 GB of free disk space.
  2. Proof of Space and Time: Your computer generates a proof that it has allocated this space and maintained it over a certain period. This proof is submitted to the network to establish your eligibility to participate in the next epoch.
  3. Epochs and Layers: The network operates in two-week cycles known as epochs. During each epoch, the network organizes transactions into layers using two protocols: "Hare" for fast layer organization and "Tortoise" for final confirmation.
  4. Rewards: If you participate honestly, you earn rewards in SMH tokens proportional to the storage space you allocated. There is no computational race like in Bitcoin's Proof of Work, making it more eco-friendly and accessible.

History of Spacemesh and SMH Coin

Spacemesh was co-founded by Tomer Afek, Aviv Eyal, and Tal Moran. The project officially launched its mainnet in July 2021.

Spacemesh Roadmap

  1. Mainnet Launch (2021): Deployment of the mainnet, allowing users to participate in the network and earn rewards through smeshing.
  2. Enhanced Functionality (2022-2023): Adding support for smart contracts and improving network performance and scalability.
  3. Future Developments: Continuous enhancements to security, user experience, and ecosystem growth.

What Is SMH Token Used for?

Spacemesh (SMH) token serves several purposes within its ecosystem. You use SMH to pay for transactions and smart contract executions on the Spacemesh network. It also rewards participants who contribute resources to secure the network through its unique Proof of Space Time (PoST) protocol. Additionally, SMH incentivizes "smeshers" (miners) who allocate their computer's storage space to maintain the network's operations, ensuring fair distribution and decentralization.

You can also trade Spacemesh coins against other crypto assets on the KuCoin Spot Market to make the most of changing market conditions, after doing your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $SMH.

What Is Spacemesh Tokenomics?

The total supply of SMH is 2.4 billion tokens. These tokens are distributed through mining, which involves participants proving they have allocated a certain amount of disk space over time. This method contrasts with traditional proof-of-work systems and aims to be more accessible and environmentally friendly.

Spacemesh (SMH) Price Movements ($)
PeriodChangeChange (%)
Today$-0.134-10.54%
7 Days$0.0171.58%
30 Days$-0.042-3.50%
3 Months$-0.042-3.50%
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Spacemesh Conversion Rate
  • 1 SMH to USD$1.13
  • 1 SMH to EUR€1.04
  • 1 SMH to AUD$1.69
  • 1 SMH to KRW₩1,573.29
  • 1 SMH to JPY¥178.57
  • 1 SMH to GBP£0.87637789
  • 1 SMH to INR₨95.07
  • 1 SMH to IDRRp18,377.76
  • 1 SMH to CAD$1.55
  • 1 SMH to RUB₽100.13

FAQ

How much is 1 Spacemesh (SMH) worth?
KuCoin provides real-time USD price updates for Spacemesh (SMH). Spacemesh price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SMH to USD exchange rates.
Is Spacemesh (SMH) a Good Investment?

These factors position Spacemesh as an attractive option for those looking to invest in a sustainable and inclusive blockchain platform:

  1. Eco-Friendly Consensus Mechanism: Spacemesh uses a proof-of-space-time (PoST) consensus, which is more energy-efficient than traditional proof-of-work systems. This makes it an environmentally friendly choice for investors concerned about the ecological impact of blockchain technologies.
  2. Accessibility: The PoST consensus allows anyone with basic computer hardware to participate in mining, making it more accessible than systems that require specialized equipment. This lowers the barrier to entry for users and diversifies the network.
  3. Decentralization: By allowing a broad range of participants, Spacemesh aims to achieve a high degree of decentralization, reducing the risk of control by a small number of entities and increasing network security.
  4. Robust Infrastructure: Spacemesh is designed to support decentralized applications (dApps) and smart contracts, offering a robust infrastructure for developers and businesses looking to build on its platform.
  5. Fair Distribution: The mining mechanism is designed to ensure a fair distribution of rewards, which can appeal to investors looking for a more equitable cryptocurrency investment.
What Is Spacemesh Price Prediction?

These factors create a complex interplay that determines the current and future SMH price prediction:

  1. Market Sentiment: How investors feel about Spacemesh can significantly affect the SMH to USD price. Positive news or successful network upgrades can boost confidence, while negative news can weaken the Spacemesh price.
  2. Technology and Network Updates: Developments that enhance Spacemesh’s functionality or improve its scalability and user experience can increase its attractiveness to investors and users, potentially driving up the SMH price.
  3. General Crypto Market Trends: The $SMH price can also be impacted by broader cryptocurrency market movements. When major cryptocurrencies like Bitcoin or Ethereum experience volatility, it can affect the entire market, including the SMH crypto price.
  4. Trading Volume: The amount of SMH traded on exchanges provides insights into its liquidity and interest from traders. Higher volumes often correlate with price stability or increases.
  5. Adoption and Usage: As more users adopt Spacemesh for transactions or as a platform for developing applications, this increased usage can lead to higher demand for SMH, which might increase the SMH token price.
How to Mine SMH on Spacemesh

To mine Spacemesh (SMH), you need to set up a smeshing node using either the Smapp application or the go-spacemesh software. Here’s a simplified guide on how to get started:

  • Choose Your Software:
    • Smapp: This desktop application is user-friendly and integrates a node, smeshing, and a wallet. It's suitable for typical home miners.
    • go-spacemesh: This is a command-line interface (CLI) software intended for more advanced users who may run multiple nodes.
  • Set Up the Software:
    • For Smapp, download and install the application, then follow the prompts to set up your node and allocate disk space for smeshing.
    • For go-spacemesh, more technical setup is required, including configuration via the command line.
  • Allocate Disk Space: Smeshing requires allocating a portion of your hard disk space to store data. The minimum required is usually around 256 GB.
  • Join the Network: Once your node is set up and your disk space is allocated, your node will join the Spacemesh network, and you can start mining SMH.
  • Earn Rewards: Miners earn rewards through block subsidies, which are new coins minted by the protocol, and potentially transaction fees from blocks they help validate.

Remember, the smeshing process in Spacemesh is designed to be accessible, minimizing the need for sophisticated hardware and reducing entry barriers compared to traditional mining methods.

What is the all-time high price of Spacemesh (SMH)?
The all-time high price of Spacemesh (SMH) is $5.860. The current price of SMH is down 0.81% from its all-time high.
What is the all-time low price of Spacemesh (SMH)?
The all-time low price of Spacemesh (SMH) is $0.937. The current price of SMH is up 0.21% from its all-time low.
What is the market cap of Spacemesh (SMH)?
The current market cap of SMH is $211,467. It is calculated by multiplying the current supply of SMH by its real-time market price of $211,467.
How do I store Spacemesh (SMH)?
You can securely store your Spacemesh in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SMH include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Sei (SEI) to cash?
You can instantly exchange your Sei (SEI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SEI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Greed60
SMH
Estimated
-- USD
SMH/USDT1
$1.130-10.54%