What is Spacemesh?

Spacemesh is a cryptocurrency project founded in 2018 that employs a layer 1 Proof of Space Time (PoST) protocol, distinguishing it from traditional blockchain technologies. The project aims to create a user-friendly and environmentally sustainable platform, promoting a financial system that is accessible to all.

The native coin is designed to be permissionless and operates on a unique governance model, though specifics on supply cap and additional use cases are not detailed. Spacemesh emphasizes its focus on fair financial practices and community participation in its development and operational processes.