Bluecoin describes itself as a mesh network-focused cryptocurrency and protocol that facilitates peer-to-peer exchange. Bluecoin reportedly uses an asynchronous consensus algorithm for high throughput transaction capabilities. Mesh networks reportedly offer privacy benefits and functionality where internet access is sparse. Bluecoin was originally founded as a Proof-of-Work Blockchain Protocol utilizing Bluetooth to facilitate peer-to-peer trade. Bluecoin aims to meld IoT and Mesh Networks with blockchain technology in a meaningful and readily available way.