Skycoin
| Last updated | 6 months ago |
| Price per SKY in USD | $ 0.0197633877096 |
| Price per SKY in Bitcoin | 0 |
| Volume over the last 24 hours | $ 7,668 |
| Market cap in USD | $ 0 |
| Change in % over the last hour | 0.02848191 |
| Change in % over the last 24 hours | -4.48962888 |
| Change in % over the last 7 days | -23.92821962 |
SKY specifications
| Name | Skycoin |
| Symbol | SKY |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
Coin description
Skycoin is a blockchain platform designed to provide internet infrastructure solutions, including decentralized storage, bandwidth sharing, and secure messaging. It operates on its own consensus mechanism called Obelisk, which eliminates mining and focuses on energy efficiency. Skycoin emphasizes speed, scalability, and user control over data.
Skycoin Internet Infrastructure Solutions
Skycoin's architecture supports features like Fiber, a scalable blockchain framework, and Skywire, a decentralized internet service. Its focus on decentralization ensures that users retain full control over their data and communications. For example, businesses can use Skycoin to build secure applications without relying on centralized servers.
One of Skycoin's contributions to the blockchain space is its role in advancing decentralized internet technologies. By providing tools for censorship-resistant communication, it empowers individuals and organizations seeking autonomy online. Keywords like Skycoin decentralized internet and Obelisk consensus are closely tied to this project.