Skycoin - Skycoin is the third generation of crypto-currency
Skycoin is designed to implement Satoshi's original vision and fix the problems with Bitcoin.
STO/ICO Status
Claim this listing and publish updates.
Basics
| Platform | N/A |
|---|---|
| Type | N/A |
| Accepting | Others |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
The Skycoin blockchain makes use of a novel type of consensus algorithm called “Obelisk” that replaces both Proof of Work (“PoW”) and Proof of Stake (“PoS”).
The aim of the developers of Skycoin was to correct the major security flaws and “centralizing tendencies” associated with blockchain networks in which consensus is based on PoW or PoS algorithms and coin creation is linked to a mining process. Skycoin is therefore trying to create a cryptocurrency that better fulfills Satoshi’s original vision of a fully decentralized digital currency system.
In doing so, Skycoin technology creates a blockchain network with no mining requirement, fixed supplies of crypto-tokens, 10-second transaction times, and greater security. In a system in which the connection between coin creation and control over the network is severed, crypto-tokens lose their political function and begin to act more like a form of digital property in the straightforward sense.