ChainwireSpacemesh has announced that they will perform network genesis on July 14th at 08.00 UTC, after five years of work. The launch of the People's Coin aims to establish a cryptocurrency that can achieve widespread distribution, particularly among younger generations and underprivileged demographics.
The Spacemesh protocol uses PoST (Proof of Space-Time) instead of PoW or PoStake to achieve consensus in the permissionless setting from scratch. The project aims to make crypto accessible to everyone and promote fairness and inclusivity, and has raised $23 million from investors including Polychain, Paradigm, and Dragonfly. The minimum hardware requirements and download page are available, and the community can be found on their website.
All Comments