SmartCash (SMART) is a proof-of-work cryptocurrency coin focused on community governance and adoption. The SmartCash model uses masternodes and a gradually decreasing block reward. SmartCash was launched in 2017.
You can easily send SMART by text, email, or with a link by using an official SmartCash service. Creating an account is not required to use this service.
Let’s take a look at some of the wallets available for SmartCash.
Smartcash Electrum is a lightweight client. It uses Simple Payment Verification (SPV), meaning that it only needs to download block headers, not the entire blockchain, to verify that a transaction is included in a block.
If transactions are taking a long time to confirm, a user can create a Child Pays for Parent (CPFP) transaction. This can be done by the sender or the receiver.
SmartCash Electrum allows you to create and sign raw transactions, vote on proposals, and receive SmartRewards.
It requires a bit of technical know-how to use, so it’s probably not the best option for beginners. It’s a good wallet to use for a more robust SmartCash experience.
The Electrum SmartCash wallet is available for download on Github. You can use it with Windows, MAC, and Ubuntu Linux operating systems.
Coinomi is a multi-coin wallet available for mobile and desktop download.
It allows users to manage many different coins/tokens with their easy-to-use interface. You can also use Coinomi to trade your crypto for another, without leaving the wallet application.
Pungo is an open-source wallet available as a web or mobile application.
Private keys are not stored in Pungo’s servers; they don’t have access to your private keys at all. Pungo allows you to buy or sell your crypto for USD, a convenient fiat on-ramp and off-ramp for new users.
You can also trade your crypto without leaving the wallet, via instant exchange.
Atomic Wallet allows you to manage over 300 different cryptocurrencies. You can download the Atomic wallet on your desktop or mobile phone.
You can trade cryptocurrency via Atomic Swap with Atomic wallet. Atomic Swaps use a decentralized cross-chain exchange mechanism. For coins/tokens that don’t have Atomic Swap capability, you can still trade via an instant exchange service, without leaving the app.
Trezor hardware wallets allow users to store a large number of coins in cold storage on one device. Trezor has been around for a long time, releasing one of the first Bitcoin hardware wallets. Both the Trezor One (69 Euro) and Trezor Model T (149 Euros) can be used for SmartCash.
Ellipal is still relatively unknown in the cryptocurrency world. You can use it in conjunction with the mobile app. The Ellipal Mobile application allows you to send, receive, and trade your crypto while it remains in cold storage.
Ellipal has multi-coin functionality but doesn’t have as many coins as Trezor. Ellipal is also larger, with a much fuller screen, giving users added convenience. The Ellipal hardware wallet is $149.
Ellipal is releasing a new hardware wallet with some additional features. The Ellipal Titan is currently available for pre-order. The price for a pre-ordered Ellipal Titan is $149.
SmartCash aims to drive adoption by providing easy-to-use consumer/merchant products and services. SmartCard is a part of that vision.
The SmartCard allows you to hold SMART on a physical card. You can order the card in the mail or print your QR code onto paper.
You can use your SmartCard to buy products/services from merchants that have SmartPay.
Cardholders can impose a daily spend limit to protect against fraud. You can also use your SmartCard with the SmartCash Card mobile application.
Other SmartCash Wallets
- SmartCash paper wallet: You can generate this as a brain wallet, with a MNEMONIC seed phrase, or with standard private key generation.
- Full node client: You can download the client from the SmartCash website or opt for the Bitcore Node for SmartCash.
- SmartCash has released an official web wallet and a mobile wallet; signup is required.
- Edge: A multi-coin wallet with the ability to buy, sell, and trade assets in-app. It is available for Android and IOS
The right SmartCash wallet depends on your needs and expectations.
Mobile wallets offer the most convenience while hardware wallets offer the most security. Desktop wallets are somewhere in the middle.
It’s up to you to keep your private keys safe and use proper security practices.
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