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Skycoin ($SKY) |
|
Low $0.117483 High $0.121948
What is Skycoin
The Skycoin Platform is the most advanced blockchain platform in the world. Developed by early contributors to both Bitcoin and Ethereum, Skycoin’s platform is completely secure, infinitely scalable, and ISP independent. It uses its own spe...
The Skycoin Platform is the most advanced blockchain platform in the world. Developed by early contributors to both Bitcoin and Ethereum, Skycoin’s platform is completely secure, infinitely scalable, and ISP independent. It uses its own specific distributed consensus algorithm, called Obelisk, instead of other commonly used algorithms like proof of work (POW) and <a href="https://www.coingecko.com/en?hashing_algorithm=Proof+of+Stake&view=market">proof of stake (POS)</a>. Obelisk uses the concept of ‘web of trust dynamics’ which distributes influence over the network and makes consensus decisions depending upon the influence score of each node. Each node subscribes to a select number of other network nodes, and the density of a node’s network of subscribers determines its influence on the network. Skycoin is very fast. With transaction speeds close to 2 seconds and no transaction fees it can rival any other cryptocurrency on the market as a payment method. The transaction costs of Skycoin are covered by Coin Hours. This is value paid to Skycoin holders for each hour they hold a Skycoin. Skycoin is against charging transaction costs and mining incentives as it only drives up the costs of the network. The biggest benefit of Skycoin is that it is energy efficient due to the Web-of-Trust social proof. It can even run on a 30-watt cell phone processor making it great for mobile payments. Centralization becomes less of an issue when anyone can participate in the blockchain. Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers. A major goal of Skycoin is to promote actual usage of cryptocurrency rather than speculation. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycoin also has its own ICO platform called Fiber, their own deterministic programming language, CX, derived from Golang, a private decentralized messenger system called Sky-Messenger, and a decentralized social media platform, BBS. Here is another way to think of Skycoin: An open-source, community-owned, hardware-based peer to peer internet designed from first principles and leveraging the incentive system of the blockchain.
Team location
Team size
Year of genesis
2015Audit
Funds
Influencers
Market Statistics
|
Volume
$13,345.00 |
|
Market Cap
$2,655,735.00 |
|
Fully Diluted
$12,071,500.00 |
|
Volume to Market Cap Value
0.50 % |
|
Circulating Supply
22,000,000 |
|
Max Supply
∞ |
|
Total Supply
100,000,000 |
|
% of Total Supply
(22.00%) |
Price history
Skycoin markets
| Exchange | Trading pair | Action | Volume | Trust |
|---|---|---|---|---|
Binance
|
SKY/BTC | Buy | $4,584,213.00 | |
Hotbit
|
SKY/BTC | Buy | $110.34 | |
FinexBox
|
SKY/BTC | Buy | $83.69 | |
|
FinexBox
|
SKY/LTC | Buy | $522.07 | |
|
FinexBox
|
SKY/ETH | Buy | $374.05 |
Similar projects
News
What Happened to Skycoin? How Crypto Pioneer Fell Victim to Blackmail
Skycoin began developing its first blockchain to address some of the shortcomings inherent in both Bitcoin and Ethereum, such as centralized mining and a lack of a description language. It officially launched t... Read full story
By Crypto Daily | Last updated 1 month ago |
Skycoin Founder Predicts Future of Blockchain and the Internet
Skycoin founder says that just until a decade or so ago, very few people had ever heard of blockchain technology, and neither the business community nor investors knew what to make of it, let alone how to explo... Read full story
By BeInCrypto | Last updated 2 months ago |
What Happened to Skycoin? How Crypto Pioneer Fell Victim to Blackmail
Skycoin began developing its first blockchain to address some of the shortcomings inherent in both Bitcoin and Ethereum, such as centralized mining and a lack of a description language. It officially launched t... Read full story
By Crypto Daily | Last updated 1 month ago |
Skycoin Founder Predicts Future of Blockchain and the Internet
Skycoin founder says that just until a decade or so ago, very few people had ever heard of blockchain technology, and neither the business community nor investors knew what to make of it, let alone how to explo... Read full story
By BeInCrypto | Last updated 2 months ago |
Skycoin Statistics
|
Name
Skycoin |
|
Ticker
SKY |
|
Price
$0.120715 |
|
24 Hour Trading Volume
$13,345.00 |
|
24 Hour Volume Change
-1.76% |
|
Market cap
$2,655,735.00 |
|
24 Hour Market Cap Change
-0.20% |
|
Fully Diluted Market Cap
$12,071,500.00 |
|
Price change 24 hour
3.11% |
|
Price change 7 days
-3.58% |
|
Price change 14 days
1.08% |
|
Price change 30 days
-12.19% |
|
All Time Low/High
$0.05739 | $49.23 |
|
Percentage Change Since All Time High
-99.75% |
|
Percentage Change Since All Time Low
111.25% |
|
Market cap rank
#1370 |
|
Volume / Market Cap
0.00502 |
|
Issuance Blockchain
n/a |
|
Circulating Supply
22,000,000 (22.00%) |
|
Max Supply
∞ |
|
Total Supply
100,000,000 |
|
24h Volatility
$0.06 |
|
24h Volatility %
122.55% |
|
Twitter Followers
20,340 |
|
Telegram Users
3,995 |
|
Reddit Subscribers
4,485 |
|
Github subs
102 |
|
Github issues
1,175 |