$SMH serves as the native cryptocurrency within the Spacemesh blockchain network, functioning as a digital asset for rewarding participants and facilitating transactions. The earning of $SMH occurs through the process of "smeshing," where participants, known as smeshers, contribute disk space to the network using the Proof of Space and Time (PoST) consensus mechanism. This commitment to the network allows smeshers to become eligible for creating blocks in the Spacemesh blockchain, and in return, they receive rewards in the form of $SMH. The rewards are distributed regularly, based on the disk space each smesher has committed, and comprise newly minted coins and transaction fees from contributed blocks.

The value lies in its commitment to decentralization, fair mining practices, and innovative blockchain design. Unlike networks favoring industrial miners with specialized hardware, Spacemesh emphasizes accessibility, enabling anyone with standard computer setups to participate in cryptocurrency mining. The use of PoST ensures fair rewards for all smeshers, irrespective of their hardware capacity, preventing centralization. The three-dimensional blockmesh structure further enhances security and scalability, distinguishing Spacemesh from traditional blockchains. The long-term technological focus of the development team, prioritizing innovation over immediate financial gains, adds to its value, reflecting a dedication to the sustained growth and stability of the Spacemesh network.

The commitment to decentralized mining, fair reward distribution, and the adoption of PoST showcase a forward-thinking approach in the blockchain space. The distinctive three-dimensional blockmesh structure and the development team's focus on long-term technological advancements contribute to the value of $SMH, positioning it as a cryptocurrency with the potential to redefine mining accessibility and foster a more equitable and decentralized digital economy.