Description
Skycoin, a third-generation cryptocurrency platform, addresses issues found in Bitcoin and Ethereum through its unique Obelisk consensus algorithm. This algorithm eliminates mining, reduces centralization, and enhances scalability, realizing Satoshi Nakamoto's vision of a decentralized, trustless network. The Skycoin (SKY) utility coin powers transactions and applications in its ecosystem. Skycoin offers advanced features such as fee-less, near-instant transactions, and high energy efficiency. Key components of Skycoin include Fiber (a scalable blockchain platform), Skywire (a mesh-internet network promoting net neutrality), and Skyminer (a node hardware device). Its ecosystem extends to a decentralized social media platform, file-sharing service, and secure messaging service, all aimed at user privacy and control. Skycoin aspires to create a new, open-source internet infrastructure independent of ISPs, emphasizing real-world usage and community ownership.
Skycoin, a third-generation cryptocurrency platform, addresses issues found in Bitcoin and Ethereum through its unique Obelisk consensus algorithm. This algorithm eliminates mining, reduces centralization, and enhances scalability, realizing Satoshi Nakamoto's vision of a decentralized, trustless network. The Skycoin (SKY) utility coin powers transactions and applications in its ecosystem. Skycoin offers advanced features such as fee-less, near-instant transactions, and high energy efficiency. Key components of Skycoin include Fiber (a scalable blockchain platform), Skywire (a mesh-internet network promoting net neutrality), and Skyminer (a node hardware device). Its ecosystem extends to a decentralized social media platform, file-sharing service, and secure messaging service, all aimed at user privacy and control. Skycoin aspires to create a new, open-source internet infrastructure independent of ISPs, emphasizing real-world usage and community ownership.
