Today’s Skycoin Project has deployed multiple innovations (e.g. Skycoin, Skywire, Fiber, etc) under the hands of 15 development teams worldwide. While still growing, 2018 is the year Skycoin intends to make its formal introduction to the public.
The Skycoin Project is one of the oldest crypto projects in development, and Skycoin is its first creation. Built as an infrastructure project rooted in the founding concept of decentralization, Skycoin runs on a completely different consensus algorithm, “Obelisk” or a “web-of-trust.” With Obelisk, Skycoin is not susceptible to the weaknesses of PoW and Proof-of-Stake (PoS)
>Lightning Fast
Transactions take as little as 2 seconds. With no bottlenecks or fees, Skycoin is faster than other cryptocurrencies and competitive with credit cards and Apple Pay.
>Zero Fees
Skycoin transactions cost Coin Hours, a separate currency paid to Skycoin holders for each hour they hold a coin.
>Secure
Built from the ground up in Golang, Skycoin makes full use of time-tested cryptographic standards to ensure transactions can’t be tampered with. Skycoin renders useless such threats as 51% attack, reversal, duplication, and malleability.
>Private
Skycoin’s transaction structure was designed to seamlessly adopt the CoinJoin protocol. Once integrated, Skycoin mixes transactions from multiple wallets to ensure they are indistinguishable from one another.
>Sustainable
Without the enormous computational energy requirement typical of PoW and PoS processes, Skycoin can run on a 30-watt cell phone processor.
>Incentivized
Skycoin is more than a cryptocurrency. It derives inherent value from the Skywire mesh network. Users earn and use Skycoin for providing and consuming network resources.
>Utility Backed
Skycoin’s practical application means it is backed by a real asset: bandwidth.
