Market Cap: $2 294 322 482 104 (2.05%)
  • Volume 24h: $277 796 713 863 (12.11%)
  • Market Cap Change 24h: 2.05%
  • BTC dominance: 50.93%

Skycoin SKY

Creating the truly decentralized Internet

Project created to solve the deficiencies of the previous-generation blockchain projects and provide its users with a truly decentralized space.

CMC Rank: 456
  • USD: $3.94
    1h: 2.69% 24h: 28.7% 7d: 0.28%
  • BTC: 0.000063 BTC
All Time High: $49.23 3 years ago
Current price is -92 % from ATH
Market
  • Cap: $78 871 000
  • Vol 24h: $12 104 644 (15.35 %)
Supply
  • Circulating: 20 000 000 SKY (20.0 %)
  • Total: 100 000 000 SKY (100.0%)
  • Max: 100 000 000 SKY

Skycoin Price Chart

About Skycoin

Project created to solve the deficiencies of the previous-generation blockchain projects and provide its users with a truly decentralized space.

Skycoin’s main premise for existence and business is very simple: none of the current blockchain projects have fulfilled the promises of, first of all, creating a platform for all-around transactions that would not rely on any centralized party, and secondly, of creating an actual crypto “currency” - currency in the sense of an actual means of financial transactions in the real world, not just a new digitized asset created for its future speculation on the market. Skycoin is created to achieve those things: an entirely new, built from the ground-up blockchain project that is made to achieve the truly decentralized state of the Internet. Their consensus algorithm is also brand-new: neither a Proof-of -Work nor a Proof-of-Stake, their consensus mechanism is called Obelisk, and it utilizes what they call a “web of trust”. That mechanism has nothing in common with the already existing consensus mechanisms, as the Skycoin’s website claims, and it is an energy-preserving way of achieving scalability.

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Twitter Stats
  • Followers: 10,017
  • Lists: 186
  • Favourites: 351
  • Update Frequency: 0.2 statuses/day
  • Created: 4 years ago