Spacemesh

Spacemesh is a unique protocol using a race-free, mesh-based system for block production. Miners, called smeshers, submit proof of space time through activation transactions to become eligible to create blocks. The protocol employs a consensus mechanism called "Tortoise beacon" to determine when and how blocks are produced, ensuring fairness and security within the network. This design enables a fair distribution of block creation among smeshers and facilitates secure validation for new participants joining the network.

Foxwallet no longer supports Spacemesh. Old users who have used SMH can import the mnemonics into the official Spacemesh web wallet for use.