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$0.114532
Low $0.113592
High $0.118098
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.
Funds
Influencers
CoinScouts Grade
2Market Statistics
Volume
$1,560.00
Market Cap
$2,520,605.00
Fully Diluted
$11,453,200.00
Market cap Value
0.06 %
Circulating Supply
22,000,000
Max Supply
∞
Total Supply
100,000,000
% of Total Supply
(22.00%)Statistics
Skycoin Statistics
Name
SkycoinTicker
SKYPrice
$0.11453224 Hour Trading Volume
$1,560.0024 Hour Volume Change
-5.51%Market cap
$2,520,605.0024 Hour Market Cap Change
-2.75%Fully Diluted Market Cap
$11,453,200.00Price change 24 hour
8.04%Price change 7 days
-2.75%Price change 14 days
12.34%Price change 30 days
-22.87%All Time Low/High
$0.00063127 | $49.23Percentage Change Since All Time High
-99.77%Percentage Change Since All Time Low
18,043.18%Market cap rank
#1399Volume / Market Cap
0.00062Issuance Blockchain
n/aCirculating Supply
22,000,000 (22.00%)Max Supply
∞Total Supply
100,000,00024h Volatility
$0.00Twitter Followers
20,325Telegram Users
3,955Reddit Subscribers
4,484Github subs
102Github issues
1,175Skycoin Markets
Upcoming Skycoin Events
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Skycoin News
Skycoin a blockchain pioneer falls victims to scammers
Skycoin a Singapore-based firm called was targeted by these evil con artists and is still dealing with the consequences today....Read full story
y Cryptopolitan
Last updated 4 months ago
Bearish
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
y Crypto Daily
Last updated 6 months ago
Bearish
Skycoin a blockchain pioneer falls victims to scammers
Skycoin a Singapore-based firm called was targeted by these evil con artists and is still dealing with the consequences today.... Read full story
By Cryptopolitan | Last updated 4 months ago |
Bearish
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 6 months ago |
Bearish
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 7 months ago |
Neutral
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