What is Skycoin?

Skycoin is more than meets the eye. In this article, we partner with Henry Benjamin (from Skycoin) to learn more about Skycoin and Skywire.

Read on to find out how this up-and-coming cryptocurrency works and what it means to be the next generation Internet.

Skycoin vs. Bitcoin

Bitcoin has much more market share than Skycoin, yet that doesn’t make it superior even if it was the first cryptocurrency to hit the market. It is true they took the world by storm and the value has done nothing but rise in the past few years. However…

What is Skywire?

Skywire is the technological breakthrough that will change how we interact with the internet. Some altcoins aim to offer similar functionality yet they are not bringing with it dedicated hardware for the purpose.

Obelisk algorithm

Some of the cryptocurrency problems stem from the Proof of Work (PoW) and Proof of Stake (PoS). With SKY these have been replaced by Obelisk which was developed to correct the inherent security flaws and the centralizing that happened with Bitcoin and the many altcoins that have followed in its footsteps.

What happens next for Skycoin?

SKY and Skywire-meshnet are still in their infancy as previously mentioned. They are not rushing and want things to be right when they release to market. It is not easy to bring a “New Internet” to the world without making sure it does what you say, and it is for this reason they are the best long-term cryptocurrency to invest in.

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