Skycoin icon Skycoin (SKY)
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add active $0.36  on  Mar 29, 2020 

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Overview of Skycoin

By doing so they bring on board many incentives as development of secure, energy-efficient customized hardware and private transactions executed at high speeds.

The blockchain uses Obelisk, a novel consensus algorithm to replace POW and POS therefore bringing a decentralized and democratic network which is very secure and dissociates coin creation from the mining process.

 These benefits are achieved using applications developed by Skycoin. There are several of them. They include: Skywire for decentralized internet, Skysuite which allows creation of for decentralized applications, Skycoin which is the main fiber for a decentralized public blockchain network and Skyminer for backbone of the decentralized internet.

This ecosystem is assured of safety, scalability and ISP independent backed with bandwidth and computational power.