Month.

$KAS $SMH

[teamspacemesh @teamspacemesh]

If you're attending #Ethcc2024, be sure to check out Block Fighters!

🥊The Match: "Alt" vs "Legacy" - The Future of Decentralization

🥊From Team Spacemesh: @lrettig, on the side of DECENTRALIZATION

🥊When: Tuesday 9 July, 11:30 - 11:50 AM

🥊Where: Strauven Stage

[Lane Rettig @lrettig]

First ever successful compilation of an #athenavm smart contract! Athena has been able to run programs for a while, but this is new.

What makes this a smart contract, not a program? The inclusion of the host functions, in this case, `athena_vm::host::host_(read|write)_storage`.

[Month. @Monthxy]

@AOCSol @HotepJesus @CryptoWendyO @SteveMorganOk I found a nice gem spacemesh.

[Pekay @Wolfpekay]

@teamspacemesh is s truly fair L1 PoST (Proof of Space Time) protocol which has been gaining much attention as “The people’s coin”.

Together with with $QUBIC, $SMH is the reason why SafeTrade was down for days due to its demand.

But what is $SMH about ?

$SMH Thread 🧵👇

[SpaceMesh 中文爱好者群 @SpaceMesh_cn]

1/n
#Spacemesh CTO Rettig 发表了 $smh 最新的智能合约虚拟机方案雅典娜Athena.计划在一年内部署，这是smh的重头戏之一.如果你对smh感兴趣应仔细研读.该文涉及到大量编程知识.里面涉及的东西非常多.原文https://t.co/4E5Nm0TtqL
这里尝试尽量用人话😀简单解读几个重点：

[Month. @Monthxy]

@DeFi_Paanda I just bought a bag of smh too!

[𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 @Crypt0Proselyte]

Athena : The Odyssey of $SMH Spacemesh's Blockchain Evolution @teamspacemesh 🧵👇

"Every great advance in science has issued from a new audacity of imagination." — John Dewey

▶️Introduction

The evolution of blockchain technology has been marked by a relentless quest for innovation and scalability. The journey of Ethereum's Ewasm and Spacemesh's SVM (Spacemesh Virtual Machine) epitomizes this pursuit. Despite their eventual retirement, these projects have significantly influenced the development of Wasm-based VMs across various blockchain platforms, including Polkadot, NEAR, and Arbitrum.

▶️The Genesis of Spacemesh VM

Spacemesh's initial decision to launch without a full VM was a strategic move that allowed for a focus on network stability and usability. However, the vision for Spacemesh has always been to transcend beyond a mere cryptocurrency platform, akin to Bitcoin, and evolve into a general-purpose compute platform capable of running a myriad of applications envisioned by its vibrant community of developers.

▶️The Athenian Consensus

In a week-long intensive meeting in Athens, the Spacemesh research team delved into the intricate details of VM design, culminating in the conception of Athena—a novel VM design named after the city of its inception and its patron goddess, symbolizing wisdom, craft, and warfare. Athena represents a departure from traditional VM designs, embodying a tripartite structure comprising Miners, Relays, and Executors, each playing a pivotal role in maintaining a permissionless and decentralized ecosystem.

▶️The Rollup Conundrum

The scalability trilemma in blockchain is addressed through Layer 2 solutions like rollups, which offer a trade-off between security and scalability. However, existing rollup models are plagued by fragmentation and centralization issues. Spacemesh's Athena proposes a unique solution, integrating rollup transactions within its L1 blocks, thereby achieving decentralization without compromising on scalability.

▶️Optimistic vs. Zero Knowledge

The debate between optimistic and zero-knowledge (ZK) rollups centers around the trade-offs between efficiency, security, and complexity. Spacemesh opts for an optimistic rollup design, prioritizing maturity and viability while ensuring future compatibility with ZK proofs. This approach simplifies the challenge-response protocol and leverages the unique role of Spacemesh L1 miners in the Athena ecosystem.

▶️Choosing the Right Machine

The selection of the underlying machine for smart contract execution is a critical decision. Spacemesh gravitates towards RISC-V, an open standard that promises compatibility with a wide range of programming languages and tools, while also being ZK-friendly through the RISC Zero framework.

▶️Conclusion

The Spacemesh VM, Athena, stands at the cusp of a new era in blockchain technology. With its innovative design and strategic choices, it aims to provide a robust, scalable, and developer-friendly platform. As the details of Athena's implementation continue to unfold, the anticipation within the blockchain community grows, heralding a future where Spacemesh's vision of a mature network and protocol becomes a reality. The journey from Ewasm to Athena encapsulates the essence of blockchain R&D—where even paths that lead to dead ends contribute to the collective progress and pave the way for groundbreaking innovations.

[Month. @Monthxy]

@ytflzyyds $smh L1时空证明

[ETHDenver 🏔🦬🦄 @EthereumDenver]

"Decentralization Is Really Really Hard."

Preented by @lrettig from @teamspacemesh

Watch the full video below 👇

[Lane Rettig @lrettig]

I'm giving a talk at @EthereumDenver (and hopefully at a few other upcoming conferences) on how we think about decentralization at #spacemesh: how we measure it, how we're doing, how we can do better.

What questions do you have for me? What would you like me to cover?

[𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 @Crypt0Proselyte]

A Deep Dive into the $SMH Spacemesh Virtual Machine (SVM) and its Revolutionary Potential in Blockchain Technology and Smart Contracts🌌
@teamspacemesh

🔰**Introduction**

In the realm of Spacemesh, the Wasmer WebAssembly runtime technology serves as the beating heart of the Spacemesh Virtual Machine (SVM). Leveraging the deterministic and portable nature of WebAssembly, SVM ensures consistent execution across diverse nodes, prioritizing security within a secure sandbox environment.

🔰**Components of SVM**

🔰*Contract Storage and Optimization:*
To address the multifaceted aspects of smart contract execution, SVM integrates several components.

**CONTRACT STORAGE** provides each smart contract with internal persistent storage, while **KEY-VALUE STORE**, **PAGES STORAGE**, and **PAGE SLICE CACHE** optimize data access. **SVM REGISTERS** enhance execution efficiency, and the **RUNTIME API** acts as the gateway for contract deployment and execution.

🔰*Deployment and Execution:*
The deployment process involves storing the contract, creating a new contract account, and initializing its state. Execution entails loading WebAssembly code, compiling, instantiating an SVM instance, and calling the desired function. SVM's compatibility with Spacemesh is facilitated through the runtime C-API and Golang binding.

🔰**Design Goals: Separation of Roles in Consensus and VM Execution**

🔰*Ambitious Goals:* Spacemesh sets ambitious goals, aiming for a clear separation between the core consensus role and VM execution. The objective is to avoid imposing the demanding smart contract VM execution on full-node miners.

🔰*Preference for Existing Components:* The preference is not to build a VM from scratch due to resource constraints. Spacemesh opts for existing off-the-shelf components like EVM for compatibility with popular ecosystems and to expedite the development process.

🔰**Proposal: Separation of Transactions, Storage, and Execution Costs**

🔰*Innovative Approach:* The proposal introduces a novel approach to separate transaction selection, storage costs, and execution costs in smart contracts. Miners can analyze storage costs without performing the execution, reminiscent of existing rollups that commit large batches of transactions to the blockchain as opaque data blobs.

🔰*Distinct Roles:* Two distinct roles are proposed for the network: Miners/Sequencers responsible for transaction selection based on a conservative state, and Executors who execute VM transactions, calculate state transitions, and generate proofs.

🔰**Built-In Rollup: A Leap Forward in L2 Solutions**

🔰*Addressing Key Issues:* Spacemesh's built-in rollup solution is a significant leap forward, addressing key issues in existing L2 rollups. Unlike current solutions with a single point of failure, Spacemesh's rollup integrates seamlessly with the L1 consensus, avoiding censorship and enhancing blockchain liveness.

🔰**Challenges in Trust Model and Protocol Workflow**

🔰*New Trust Model:* Introducing a new trust model comes with challenges. In both optimistic and ZK rollups, reliance on at least one honest executor is crucial. The protocol design must incentivize honest executors effectively.

🔰*High-Level Protocol Workflow:* The high-level protocol workflow involves a mempool handling external and internal transactions. The challenges highlight the need for careful consideration of protocol intricacies and robust incentive structures for executors.

🔰**Conclusion: Paving the Way for a Revolutionary Virtual Machine**

As Spacemesh pioneers these innovative solutions, addressing these challenges will be crucial for the success of the built-in rollup and the overall efficiency of the Spacemesh network. The Spacemesh Virtual Machine holds the potential to revolutionize smart contracts, providing a secure, efficient, and decentralized framework for the future of blockchain technology.

Follow me for the latest alpha and deep dives on other solid projects such as $RNDR $QNT $AGC $TRIAS $TAO $ALPH $KAS $DAG $XNA $TET $FRM $MNW $OCTA

[Month. @Monthxy]

@HewlinOpinion spacemesh

[Month. @Monthxy]

@awsbclub_cn @spacemesh

[Month. @Monthxy]

@awsbclub_cn spacemesh

[Month. @Monthxy]

严肃地说，Spacemesh似乎拥有坚实的基础和对未来的清晰愿景。但与任何新兴技术一样,只有���间才能证明。与此同时，让我们都把目光投向星空，脚踏实地，SMH㐅100

[Month. @Monthxy]

但我们不要忘记一个好的首字母缩略词的重要性。SMH，我说的对吗?在这种情况下，它代表“Spacemesh”，但我们都知道它在网络用语中也可能是“摇头”的意思。所以，当你谈论Spacemesh时，请记住:你可能是在表达你对区块链技术未来的怀疑。

[Month. @Monthxy]

@btc100w100w $smh

[ProjectW @fitforcrypto_]

Blockchain: The Failed Promise of Decentralization.

Despite the hype, most blockchains remain centralized.

Introducing $SMH - @teamspacemesh : The Ultimate Solution.

A thread!🧵👇

[Altcoinist @Altcoinist]

Altcoinist Review: $SMH
@teamspacemesh - Creating fairness and equality through layer-1 crypto.

"I think both Ethereum and Bitcoin, with all the best intentions, ended up unavailable to the home miner and centralized on the other end.

So our intention was to create something that would always be open to the home miner. While going about it we also realized we can also support a very scalable blockchain which can handle thousands of transactions per second." - @tomerafek

🛸 Objective: Aiming to revolutionize cryptocurrency mining, Spacemesh emphasizes inclusivity and ease of access for all.

🛸 Symbolic Launch: ▫️ After five years of work, its network genesis on July 14th aligns with a historical moment to underscore its revolutionary approach in the crypto world.

🛸 Vision Statement: CEO Tomer Afek's strategy focuses on making the platform user-centric, striving for widespread understanding and accessibility of cryptocurrency.

Tomer Afek's Journey to Spacemesh

➡️ Childhood and Personal Growth:
Tomer Afek's story begins with his childhood struggles with social isolation, alleviated when he discovered the joy and "flow experience" of wave surfing. This marked the beginning of his transformative journey.

➡️ Academic Excellence:
Despite his initial challenges, Afek excelled in mathematics and abstract thinking during his university years, leading to a successful career in computer science and a deep interest in analytical philosophy.

➡️ Career Evolution:
Venture Capitalism to Entrepreneurship: Afek's professional journey transitioned from venture capitalism in the late 90s and early 2000s to entrepreneurship.
His venture capitalist phase saw him navigating the industry's shift to higher velocity models, while his entrepreneurial phase allowed him to develop and execute first-principle ideas divergent from consensus opinions.

➡️ Formation of Spacemesh:
Motivation: The creation of Spacemesh was spurred by the industrialization of Bitcoin mining, which posed barriers for individual home miners.

This challenge motivated Afek to start Unruly Technologies and develop the Spacemesh protocol with his team, aiming to reinvent the concept of home-based mining in the crypto world.

➡️ Spacemesh’s Unique Protocol Features:

🧠 Non-competitive, Collaborative Mining:

Distinct from the winner-takes-all model prevalent in traditional mining, Spacemesh’s "Collaborative Mining" fosters a community effort in block production, where all contributing miners are rewarded.

🧠 Continuous Proof Reuse:

Unlike systems that require a new proof for every mining challenge, Spacemesh miners reuse their initial proof, significantly reducing energy use and ongoing operational costs.

➡️ The Vision and Impact of Spacemesh:

Social Change and Equity:
Spacemesh is not just about technological innovation; it's about societal impact. The vision extends to creating a more equitable world through better cooperation and an inclusive, decentralized financial system.

The People’s Coin Ideal:
Spacemesh's philosophy revolves around creating a cryptocurrency that is accessible and fair, often referred to as “The People’s Coin Ideal.” This concept embodies the ethos of inclusivity, fairness, and broad-based participation.

🪙Afek's Thoughts on Digital Gold Standard 🪙

Tomer Afek argues for the need to revolutionize the financial system by transitioning from analog to digital currency. He emphasizes that digitizing money isn't just about digital transactions but involves redefining the underlying value of the currency by linking it to a finite digital resource.

This approach aims to create a more honest, transparent, and equitable financial system, moving away from the flawed fiat currency model.

Afek believes blockchain technology is key in this transformation, offering a reliable, immutable ledger system.

▫️ Anchoring currency to a tangible digital commodity, such as spacetime ▫️

, ensures stability and combats manipulation, making it harder to alter the financial "ledger" after the fact and bringing clarity and accountability to financial transactions.

This change, Afek suggests, is crucial for establishing a stable, decentralized store of value in the volatile cryptocurrency market.

Cultural Evolution and Cryptocurrency Adoption:

Role of Individuals and Communities:
Spacemesh recognizes the importance of cultural evolution in embracing new financial paradigms like cryptocurrencies. The platform envisages a role for individuals, communities, and governments in driving this change, emphasizing the need for a collective shift towards more equitable and transparent financial systems.

Technological Framework of Spacemesh

✅ Consensus Mechanism: Spacemesh introduces Proof of Space-Time (PoST), ingeniously combining Proof of Work and Proof of Stake efficiencies.

✅ Architectural Innovation: With a Directed Acyclic Graph (DAG) architecture a.k.a a "mesh", Spacemesh elevates transactional efficiency, moving away from conventional blockchain structures.

✅ Mining Model Reinvention: "Collaborative Mining" in Spacemesh eschews traditional competitive models, cultivating a community-driven mining process.

✅ Resource and Energy Optimization: Prioritizing storage over power, Spacemesh enables mining with basic PCs, significantly cutting down on energy usage.

Tokenomics and Distribution

🔥 Market Dynamics: Maintains a market capitalization of around $50 million, with a total supply cap of 2.4 billion tokens.

🔥 Emission Strategy: Plans for a gradual coin release over 941 years ensure long-term network stability and preservation of coin value. By 2025, there will be 180M tokens in circulation, and by 2028, there will be around 400M.

🔥 Equitable Distribution: Designed to reward miners fairly based on their storage commitment, supporting a diverse mining community. Paid every 2 weeks. No disproportionate rewards for powerful miners.

@teamspacemesh 👇

🧠 CEO and Co-founder: @tomerafek

🧠 Team: The team consists of 25+ people, including https://t.co/w0MBFRtFXR Lane Retting, a former Ethereum core developer now CTO.

🧠 Experience: They worked on the Spacemesh protocol for over 5+ years before the launch.

🧠 Active Community Engagement: Promotes active involvement across various platforms, nurturing a cooperative and vibrant ecosystem.

Accessibility and Inclusivity

✅ Low Entry Barriers: Accessible to anyone with a basic PC, lowering the threshold for crypto mining participation.
✅ Cost Efficiency: Maintains minimal operational expenses, making it financially viable for small-scale miners.
✅ Participation Incentives: Ensures equitable reward distribution, encouraging participation from diverse demographics.

Funding and Investor Support

📈 Robust Funding: Raised $23 million from leading crypto investors, including @polychaincap , @paradigm , @dragonfly_xyz , @ElectricCapital , @greenfield_cap , Arrington XRP Capital, and 1KX, ensuring a solid financial foundation.

📈 Vesting: 150 Million tokens locked, which gets distributed amongst investors over years

➡️ Economic Model and Sustainability
Issuance Strategy: Mirrors #Bitcoin's proven model, aiming for a predictable and stable token supply.

➡️ Long-Term Approach:
Focuses on network and token longevity with a slow emission rate.

➡️ Decentralization and Node Operation

Encouraging Full Node Operation: Aims to counter declining node operation trends, simplifying maintenance and involvement.

➡️ Spacemesh's Distinctive Role

Potential for Global Impact:
Positions itself as more than just a financial asset, aiming to be a tool for broader social and economic change.

Design and User Experience Philosophy:
Everything, from code to UX, is tailored to be approachable and comprehensible to a wide audience, not just crypto-savvy individuals.

@altcoinist Verdict

Spacemesh's commitment to fairness, accessibility, and community-driven development, combined with a robust technological backbone, distinguishes it as a promising and potentially transformative force in the crypto space.

Although there is a pre-mine allocation, the unique tech combined with 5+ years of work in the protocol and the giga brains working on $SMH signals us that the project has immense potential in the long run.

[deXer @DexerXP]

$SMH
Fair Launched. POW, No ICO.
Great Tokenomics.
Grand Vision

1. Tal Moran [https://t.co/KKyZ95Qfxu], Chief Scientist at Spacemesh
2. Tomer Afek @tomerafek, is the CEO and Co-founder of Spacemesh,
3. Lane Rettig @lrettig, one of the Ethereum Core Developer.

Over 8 years of research and 6 years of making $SMH, now Live for few months on mainnet.

New Generation #POW #BlockDAG + SmartContract + CPU minable + Ultra-scalable + Decentralized #Storage + Fair Launch $SMH from @teamspacemesh

Here is @lrettig, Lane Rettig one of the Ethereum Core Developer's short talk about $SMH