Skycoin (SKY) is a platform that claims to have the most advanced blockchain application ecosystem in the world. Skycoin was developed by early contributors to Bitcoin and Ethereum which allows it to have infinite scalability. Skycoin is backed by bandwidth, storage and computation power built to fulfill Satoshi’s original vision. The name “Skycoin” has the meaning that this coin has no limit it can reach the sky but occasionally you will hear jokes such as “It may reach the sky but not the moon”. The white paper can be viewed at https://www.skycoin.net/whitepapers/
Skycoin has great potential with so many huge features can they manage them all at once or will quality lack in some features compared to others. If Skycoin can roll out all these features and gain media attention we a huge upcoming coin. My personal prediction for Skycoin is we should expect it to be a much larger market cap by the end of 2018 if all goes to plan and scalability continues to put the platform to the “sky”.
This hardware is key for the decentralized internet, which allows you to get paid for providing bandwidth, storage, and CPU power while you sleep. The skyminer consists of custom PCB boards, 16GB of DDR3 memory, ARM Cortex A53 CPU, Hexa Core Mali 450 GPU, 64 Bit Linux and LAN Bandwidth (8 x 100mbps). The main concept of the skyminer is to be energy-efficient in order to save power and internet.
Skywire provides a blockchain based decentralized internet, a wireless mesh network that pays the user for supporting it. When users forward traffic/bandwidth to skywire they can earn skycoin via the skyminer. For users to access skywire they need to run a node, this means for users battling corporate ISP’s controlling their internet speeds/usage skycoin is a project for you and with net neutrality, the skycoin project repels this law.
Skycoin was picked as the top five projects to watch in 2018 by big names such as Blockchain News, Forbes, Alphabit, The Coin telegraph and Coin Agenda. Skycoin was awarded this because net neutrality and consumer data privacy emerged as two key issues in 2017 / 2018. Skycoin provides hope as it is attempting to solve these key issues that are ongoing “real world” problems.
Skycoin wants users to have a true, decentralized network without a central authority. To accomplish this task Skycoin created a decentralized algorithm called Obelisk to reconfigure the inner workings of the blockchain, Skycoin takes pride in delivering such a network. Its web-of-trust style consensus prevents the development of decentralized power. Skycoin requires no mining, is immune to 51% attack, and transactions occur in seconds. Decisions are made through community consensus, not based on the wishes of a few majority stakeholders.
Holding Skycoin allows you to clock up, Coin Hours which are the payment mechanism for services on the Skycoin platform. Skycoin tokens can be obtained through exchanges, running a skywire node, joining the development team and you can run a business that accepts skycoin as payment for goods or services.
CX is a custom built programming language, based on the concept of affordances which is designed to be easy to learn and fast to implement for all users. CXO is a user to user cloud storage service which runs off the service of skywire in order to have a secure, safe and fast cloud service, which is designed to take popular cloud storage platforms such as Dropbox, Google Drive, Mega, and Bittorrent.
Sky Messenger offers a fully encrypted instant messaging service, free from “prying eyes or central authority”. Sky Messenger is designed to take popular messaging apps places such as Telegram, Skype, and Whatsapp. BBS is the framework for a social network service, designed to take popular social network pages like Steemit, Facebook, and Twitter. With Sky Messenger & BBS still in early access means they have been rolled out so except future improvements to this key social features of Skycoin.
