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About Skycoin

What is Skycoin?

Skycoin (SKY) is an open-source, community-driven, hardware-based peer-to-peer internet that leverages the incentive structure of blockchain technology. It strives to provide a new kind of internet that is global, decentralized, and not controlled by any country, corporation, or government entity. Skycoin operates on the Obelisk consensus algorithm, which is based on the concept of 'web of trust dynamics'. This means consensus decisions are made depending on the influence score of each node in the network. Skycoin's platform is designed with a focus on usability and ease of use.

How does Skycoin work?

Skycoin operates on the Obelisk consensus algorithm, which makes consensus decisions based on 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's flagship application, Skywire, aims to decentralize the internet at the hardware level, with the intention of enabling decentralized bandwidth, storage, and computation. Skycoin also features CX, a Turing complete programming language, which aims to facilitate developers in deploying applications to the blockchain.

What are the potential use cases for Skycoin?

Skycoin's primary use case is to provide a decentralized internet at the hardware level through its flagship application, Skywire. Skywire aims to offer more than just decentralized bandwidth; it also seeks to provide storage and computation. This positions Skycoin as a potential solution for those concerned about net neutrality, data privacy, and the control that traditional internet service providers have over internet access. Additionally, Skycoin's programming language, CX, aims to facilitate the development of a wide range of blockchain applications, further expanding its potential use cases.

What is the history of Skycoin?

Skycoin was developed with the intention of addressing certain challenges observed in Bitcoin and Ethereum, with the goal of fulfilling Satoshi's original vision of a fully decentralized digital currency. The Skycoin blockchain uses a novel consensus algorithm to replace Proof of Work and Proof of Stake, addressing security problems associated with other blockchain networks and decoupling coin creation from the mining process. This results in a fully decentralized cryptocurrency that is immune to 51% attacks, requires no mining, and allows transactions to occur in seconds. The supply of Skycoin is fixed, and it aims to provide a level of transactional integrity, positioning it as a digital asset rather than a tool for amassing control over networks.

Coinbase Bytes

Coinbase Bytes

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Skycoin is on the rise this week.

The price of Skycoin has risen by 27.76% in the past 7 days. The price declined by 0.15% in the last 24 hours. The current price is $0.0734 per SKY. Skycoin is 99.86% below the all time high of $53.83.

The current circulating supply is 0 SKY.


What is the current price of Skycoin?

We update our Skycoin to USD currency in real-time. Get the live price of Skycoin on Coinbase.

What is the market cap of Skycoin?

The current market cap of Skycoin is $0.00. 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 $0.81.

What other assets are similar to Skycoin?

Assets that have a similar market cap to Skycoin include The Currency Analytics, DeFiPie, Cookies Protocol, 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 0.

Can I buy Skycoin on Coinbase?

No, Skycoin is not currently available on Coinbase, but you can sign up to get the latest news on Skycoin and be notified when it gets added to our exchange.

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