Ana Sullivan

SmartMesh (SMT) Token – Will It Make the Internet Available Globally?

by Ana Sullivan April 13, 2018

The SmartMesh (SMT) Token has reached a market capitalization of 78.57 Million dollars in the last 1-Day period. The token traded 34.40%higher against the U.S. dollar during the last 24 hours ending at 10:00 AM EDTon April 13th. SmartMesh is being designed to become a Token-based next generation Internet protocol. According to the official website of SmartMesh, with the introduction of third-party incubation, team based cooperation, and development through partnerships with SmartMesh, the future of the global IoT ecosystem will be build.

 

 

 

The SmartMeshteam has announced on their site that the SmartMesh ecosystem will try to connect the 4 Billion people to the Internet who currently do not have access to it. Wishful thinking has been behind the basis of this noble idea, but is it truly achievable?

 

SmartMesh (SMT) Token - Recent Performance

 

The SmartMesh Token has reached a market capitalization of 78.57 Million dollars in the last 24-hour period. Although, its price is seeing a steady rise, it might rapidly drop soon. The SmartMesh Token (SMT) saw a rise of 34.40% at 10:00 AM EDT, on April, 13th. You can see the price fluctuations in the chart below:

 

 

 

The graphical chart was taken from the CoinMarketCap website.

 

SmartMesh (SMT) Token – Background and Future

 

SmartMesh is being designed to become a Token-based next generation Internet protocol. According to the official website of SmartMesh, with the introduction of third-party incubation, team based cooperation, and development through partnerships with SmartMesh, the future of the global IoT ecosystem will be build.

 

SmartMesh will build P2P mesh networks that run parallel to the World’s Internet based on smart hardware, software and protocols (involving mobile devices). This will ensure that data traffic will not flow via central servers and will stay locally within this mesh network. With the result being the conserving of resources, reducing of leaks, and preventing the waste of electricity. SmartMesh will become a blockchain-based loT underlying protocol that enables smart devices to connect with each other without the currently available Internet or similar telecom services.

 

The SmartMesh team will aim to create networks which are:

 

  •         Robust
  •         Private
  •         Resilient

 

The general idea behind it is to make Internet available for the 4 Billion people who do not currently have access to it, including online banking services. Despite the idea sounding noble, it would be very difficult to change the Internet on such a global scale.

 

SmartMesh will be demonstrated at the “Global Pratt & Whitney Blockchain Summit” held on April 17-18. That will give more insight about the project and where it is headed.

 

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