Spacemesh, a layer 1 proof-of-space-time protocol, aims to democratize the world of cryptocurrencies by catering to young and underprivileged communities that often face daunting entry barriers. Its innovative consensus protocol is fully permissioless and ensures accessibility for new miners. It also supports high transaction throughput while consuming notably less energy than traditional PoW-based protocols, effectively addressing concerns about environmental sustainability. Spacemesh achieves this by adopting proofs of space-time (PoSTs), a novel approach that replaces energy-intensive CPU w…