Skycoin is a cryptocurrency built from scratch to address shortcomings its creators saw in Bitcoin and other popular cryptocurrencies. It uses neither Proof-of-Work nor Proof-of-Stake, but instead relies entirely on Obelisk, a unique and innovative Web-of-Trust consensus algorithm. Obelisk is provably secure, fast, and eliminates the possibility of a “51% attack”. Skycoin focuses on questions of basic functions, security, speed, and practicality, simplifying the Bitcoin model instead of creating marketing functions to promote the project. Skycoin is designed as a lighter, easier to use, faster and safer alternative to Bitcoin. Skycoin prioritizes speed, safety, and usability.
Transactions in the Skycoin system are free. Users receive “Coin Hours” for every hour they hold SKY in their crypto wallet. Coin Hours are used in place of transaction fees. Most transactions take only a few seconds.
Skycoin has its own mobile, desktop, and hardware wallet.
The Skycoin project began in 2013 while cryptocurrency was still relatively new. Experts in the nascent blockchain industry were involved in the work. New specialists periodically appeared in the team’s composition. The team is led by one of Skycoin’s founders and lead developers, Synth, and key advisors have included Michael Terpin, and John Otto Peters.
In 2018 the famous cryptocurrency enthusiast and businessman, John McAfee, tattooed the Skycoin logo on his back as a reflection of his enthusiasm for the Skycoin platform.
Buying Skycoin is as simple as using SimpleSwap. There are just a few steps that will take a moment of your time:
See? Nothing is easier than to use SimpleSwap to get some SKY!