Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.
We build a mesh network protocol and micropayment in tokens so you will get rewarded for sharing your smartphone to build a global mesh. Mesh Network: A network infrastructure with each device acting as a data relay; Data packets hop through the best path to reach the intended destination. SmartMesh Network is: Robust, Private, Resilient