What is Skycoin?
The Skycoin team includes several former Bitcoin and Ethereum developers. Their idea surpasses cryptocurrency improvement and focuses on creating internet anew. The vision of the publicly owned web, called Skywire runs on different protocols, providing more privacy and freedom. Skycoin is a cryptocurrency purpose-built to power the Skywire network. Every SKY is backed with an everyday used utility - bandwidth. Skycoin is not mined but instead distributed to the public. This incentivizes the creation of new nodes. The usage of the CoinJoin protocol allows for anonymous transactions. The native Obelisk consensus algorithm operates the web-of-trust composed of user-selected, trusted nodes. Every stakeholder of SKY earns Coin Hours - the network’s secondary currency. Coin Hours are used for transactional fees, private transaction collateral, and other network services. Skycoin’s Dapp deployment platform is dubbed Fiber, which offers individual blockchains for developers to build upon.
Fundamental Cryptocurrency Data
|Circulating supply||11,000,000 SKY|
|Total Supply||100,000,000 SKY|
|Trading volume of all markets for this coin||$1,099,830|
|Skycoin SKY Prices||
0.00 XAU (= 0.00) grams GOLD
0.06 XAG (= 1.70) grams SILVER
|Marketcap|| 3,020 BTC|
237.80 kg gold
19,872.22 kg silver