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Price
$0.12
10/4/2022, 4:55:00 PM
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Keep an eye on Skycoin

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Market

Market stats

Market cap

$2.5M

Volume (24h)

$5.32

Circulating supply

22.0M SKY

All time high

$53.83

Price change (1h)

0%

Price change (24h)

+0.12%

Price change (7d)

+20.87%

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Skycoin is on the rise this week.

The price of Skycoin has risen by 20.87% in the past 7 days. The price increased by 0.12% in the last 24 hours. The current price is $0.115705 per SKY. Skycoin is 99.79% below the all time high of $53.83.

The current circulating supply is 22,000,000 SKY.

About

What Is Skycoin (SKY)?

Skycoin(SKY) is a cryptocurrency made for the empowerment of trade in a peer-to-peer environment without the involvement of central authority. The platform aims to benefit all the users rather than providing control in the hands of some selected ones. Besides that, the Skycoin blockchain replaces the proof-of-work and proof-of-stake mechanisms with Obelisk, making it a fully democratic and decentralized consensus network. Obeliskis a web-of-trust mechanism that eliminates previous-generation issues and allows a community of nodes to audit network behavior.

The purpose of Skycoin is to provide a decentralized platform. For this, the Obeliskmechanism is utilized to fix the security problems related to the blockchain network. Also, it decouples the coin creation process that was previously done by mining. The procedure implies that the power is not concentrated in mining pools. Moreover, the algorithm is computationally inexpensive, which means block-making could run on a budget. Apart from that, for security, a two-node structure is built that runs on different algorithms but the same data structure. The incoming data on both nodes goes through fraud detection and authorship verification to serve nodes engaged in suspicious activities.

Furthermore, Skycoin employs the Skywire platform, which aims to create a more secure, rapid, and robust internet. The network is private, which means that you cannot be tracked as you are by ISPs (internet service providers). Also, users can earn Skycoin and coin hours for using hardware nodes that distribute both storage and bandwidth to the network. Holding Skycoin generates coin hours, which can be used to trade for services or exchanged for more Skycoins in the Skywire network.

History of Skycoin (SKY)

The work on the Skycoin platform was started in 2011 by several developers. Synth is this network's project head and architect and comes from a strong background in cryptography and mathematics. Steve is the developer and now the project manager and wrote the primary Skycoin software in 2013–2014. Additionally, Michael Terpin handles various aspects of marketing, communications, and content production.

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FAQ

What is the current price of Skycoin?

The price of 1 Skycoin currently costs $0.12.

What is the market cap of Skycoin?

The current market cap of Skycoin is $2.55M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Skycoin?

The all-time high of Skycoin is $53.83. This all-time high is highest price paid for Skycoin since it was launched.

What is the 24 hour trading volume of Skycoin?

Over the last 24 hours, the trading volume of Skycoin is $5.32.

What other assets are similar to Skycoin?

Assets that have a similar market cap to Skycoin include Enecuum, Metaverse ETP, OneLedger, and many others. To see a full list, see our comparable market cap assets.

How many Skycoin are there?

The current circulating supply of Skycoin is 22 million.

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