The Skycoin Coin describes itself as a third generation cryptocurrency. The project started in 2012, around the same time as Litecoin.
What is Skycoin (SKY)?
Skycoin is designed a successor to Bitcoin. Skycoin is focused on core features, security, usability and simplifying Bitcoin instead of adding features as a marketing gimmick.
Skycoin (SKY): History
Skycoin’s core features are speed, privacy, security, and ecosystem.The Sky Privacy Protocol solves the problems inherent in PoW- and PoS-based coins to bring you a decentralized and democratic consensus network. The company has a market capitalization of US$26,787,499. Michael Terpin (Coinovate, CoinAgenda, BitAngels) and Richard Kastelein (Blockchain News, CryptoAssets Design Group) are advisors to the project and assisting with marketing. Synth is the architect and project figurehead.
How does the Skycoin(SKY) work?
Skycoin is coded from its basic structure in the Go programming language initially developed by Google. Bitcoin has lost much of its decentralized structure due to pool mining. Skycoin wants to counteract this with its very own consensus algorithm, called Obelisk. Furthermore, there is no mining at Skycoin. For Satoshi, mining turned out to be one of the primary failures and non-cryptographic threats to the development and survival of Bitcoin. Skycoin allows users to continue earning coins in return for the network’s power supply.
How to buy the Skycoin(SKY)?
You can’t buy it directly for fiat on any exchange. You can choose the most popular cryptocurrency exchange for your region and but BTC there, then trade it for SKY on exchanges. Coinbase is one of them who helps you to purchase the SKY. You can also trade in Cryptopia or C2CX. If you have any other popular coin like Bitcoin with you, you will need to transfer your Bitcoin to Cryptopia or C2CX to purchase Skycoin.
Skycoin(SKY) Price prediction 2018
SKY can be a profitable investment option. Skycoin price equal to 18.061 USD at 2018-02-15. If you buy Skycoin for 100 dollars today, you will get a total of 5.537 SKY. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-10 is 297.306 US Dollars. With a 5-year investment, the revenue is expected to be around +1546.11%. Your current $100 investment may be up to $1646.11 in 2022. SKY price today is $18.09 and the market cap value stands at $134,780,602. The volume is marked as $865,440 and the current supply is 7,449,076 SKY. SKY price chart, SKY history, SKY exchanges, SKY wallets, SKY mining, where to buy SKY, how to buy SKY, SKY price prediction.