This is all written by the team by article writers not by me.
SKYCOIN IS COINED AS A NEXT GENERATION CRYPOCURRENCY THAT WAS MEANT TO FIX THE PROBLEMS OF BITCOIN AND ETHEREUM. READ BELOW TO SEE WHY
Corporations and countries are trying to control the internet so that is why skycoin will create the decentralized internet! This is a replacement for commonly known as the "dark web" but the dark web is too slow. Skycoin is creating a decentralized internet protocol that is faster and can create gigabit speeds but none of the data is controlled! This means users can create social media and video streaming websites like YouTube and Facebook but the users have control of their data! https://www.wired.co.uk/article/eu-article-13-vote-article-17 Skycoin releasing THREE MAINNET launches this year! Their CX language is more advanced than every other programming language than market including C, java, and golang. Unlike other domain-specific languages such as Solidity, CX is a general purpose programming language. This means that the next wave of blockchain developers will be able to do just about anything with CX: smart contracts, decentralized apps, machine learning, video games, even CX itself will be developed with CX.Their new consensus algorithm will make PoS and PoW obselete. Skycoin CX language is much more than smart contract and dapp creation like cardano, EOS, IOTA . CX can have the binary of the CX compiler, compile its own source code and return a bit identitcal binary output to the compiler executable itself. CX has built in determinism as a mathematical constraint and also has deterministic builds (which can't even be done with java, C, Golang). CX guarantees deterministic builds for all programs that can be written in CX. Skycoin CX language: CX is Skycoin’s specification and programming language, packed full of features. CX will provide numerous advancements within the Skycoin project. It allows for the creation of complex contractual agreements that are built with security in mind.CX will deploy amendable obligations for projects built on the platform. These attributes are all part of the CX multi-purpose programming language:
More about CX programming language here: https://medium.com/@Skycoinproject/developing-cx-f8b54b58c1cc Sky Fiber blockchain is infinitely scalable and every project/ICO/STO that wants to use Fiber gets their own blockchain so it doesn't clog the network and has no transaction fees. Transactions can scale to millions per second as more users join the network.
Perfect for energy companies, casinos and got recognition from the UN (United Nations)! https://www.youtube.com/watch?v=7zc12ZPbMLE Skycoin Obelisk Obelisk is a revolutionary web-of-trust consensus algorithm built to eliminate the issues that previous generations of consensus have introduced into the blockchain space. Web-of-trust architecture creates a perfect system of checks and balances, allowing the community and other nodes the ability to audit network behavior with a high degree of accuracy.With the ability to cut off suspicious nodes for malicious behavior, the network becomes stronger as trust is maintained. The quarantine of nodes can manage trust, and at the same time, this process allows the community to rebalance power in the network. Features of ObeliskLow Energy Consumption & Highly Scalable. The consensus algorithm was designed to be a scalable and computationally inexpensive alternative to Proof-of-Work (PoW), enabling both the algorithm and block-making to run on budget open-source hardware. Immune to 51% Attack .Web-of-trust consensus prevents the development of centralized power. Skycoin does not rely on mining incentives and therefore is not susceptible to the same PoW/PoS vulnerabilities.Obelisk can withstand a large-scale coordinated attack by a well-organized network of malicious nodes. The algorithm is non-iterative, converges fast, and can run on a sparse arrangement of nodes with only nearest-neighbor connectivity, as it would on a mesh network. Two-Node Structure. A Consensus Node receives its input from one or more Block-Making nodes. The algorithms are separate for each, yet they both operate on the same data structures. Both type of nodes always perform authorship verification and fraud detection of incoming data. Fraudulent or invalid messages are detected, dropped, and never propagated, thus peer nodes engaged in suspicious activities will be severed, and their public keys are banned.
CXO (CX Object Systems) is the Skycoin immutable object system, previously called Aether. Designed to replace current conventional methods of peer-to-peer sharing, CXO creates a robust storage system that supersedes services like BitTorrent, Dropbox, and Google Drive. Data is replicated peer-to-peer utilizing the Skycoin CXO library.CXO incorporates and expands on the protocols utilized in other blockchain-based storage networks. CXO is an IPLD, with a built-in schema that sets constraints to classify relatable databases. InterPlanetary File Systems (IPFS) can be built on top of CXO. CXO provides data distribution over the Skywire network and is useful for data that must be secure and verifiable yet doesn't need storage on the blockchain. Skywire is also being released in Q1. Skywire is the next evolutionary step in the internet’s development and use. We want to break the chokehold that internet service providers (ISPs) have on the market by giving the power back to the people. We are doing this by providing a decentralized community-driven mesh network where users themselves will own and control the network’s infrastructure. Our goal is to provide everyone with access to fast, secure, private and reliable internet.It is time to leave ISPs as a relic of the past. Customers routinely have their browsing data tracked, stored and sold by ISPs, and at the same time experience unreliable coverage and poor customer service. Instead of relying on corporate-owned networks, the Skywire mesh network runs on widespread user-owned nodes which come together to provide the infrastructure for the network, allowing communities to power their internet access.
https://medium.com/@Skycoinproject/developing-cx-f8b54b58c1cc https://github.com/skycoin/cx https://medium.com/@Skycoinproject/december-2018-community-update-3b7ef92353fd https://medium.com/@Skycoinproject/obelisk-819599893266 https://medium.com/skycoin/cxo-the-next-generation-file-sharing-network-4054510e7426?
OTHER CRYPTOS IN THE SPACE HAVE 1000X HIGHER MARKET CAP THAN SKYCOIN BUT ARE STILL 2ND GENERATION CRYPTOCURRENCY TECHNOLOGIES. SKYCOIN IS THIRD GENERATION CRYPTOCURRENCY THAT HAS WAY BETTER TECHNOLOGY AND IS COMING OUT THIS YEAR. https://medium.com/@Skycoinproject/february-2019-community-update-324df8191a16 https://medium.com/skycoin/the-justification-for-skywire-a-technical-explanation-704b080a5eb5 HUGE PARTNERSHIP NEWS FOR SKYCOIN $SKY : Skycoin just signed first infrastructure contract for Skywire. Value of first contract is ten times Skycoins current market cap.
https://twitter.com/NotSkycoinCEO/status/1101316233612341248 Skycoin is a next generation cryptocurrency. was created as an answer to the shortcomings of both Bitcoin and Ethereum. Born out of necessity, no other coin was fulfilling Satoshi’s original vision of a fully decentralized digital currency. Skycoin is the
APPLE of the crypto market. No other cryptocurrency has what skycoin offers because most coins are copying ethereum or under ethereum's blockchain. Skycoin goes above smart contracts which hasn't been done yet.
Skycoin’s platform is free from centralization and manipulation through its revolutionary Obelisk consensus algorithm. It features CX, a turing complete programming language built from the ground up to allow hundreds of thousands of devs to easily deploy applications to the blockchain. Skycoin functions as a currency with virtually-free transactions, soon-to-be-implemented absolute privacy, and Visa-like speeds with inherent asset-backed value not based on speculation.
Skycoin has an ecosystem where it created a full programming language called CX; where developers can create their own programs, games, DEX, or anything the programmer wants on blockchain! No other coin in the whole space has their own programming language except ethereum. However, skycoin's programming language is more advanced because it can create anything. Ethereum's programming lanugage can only create smart contracts. Skycoin's programming language CX, can build anything like games and programs on blockchain. This is next generation and it is insane that the market cap of skycoin is only at $12 million dollars. Ethereum's market cap is at $15 billion dollars.
Skycoin also created a decentralized internet protocol that has the potential to be better than TOR (deep web).
https://www.skycoin.net/skywire/ The original purpose of digital currency was to reinvent the economy so that users could be independently empowered to trade in a peer-to-peer fashion, without interference from centralized powers. At Skycoin, we believe strongly in this mission. That’s why the Skycoin blockchain is designed to benefit all users, not just a select few. With Obelisk, we’re solving the problems inherent in PoW- and PoS-based coins to bring you a decentralized and democratic consensus network.
Satoshi envisioned Bitcoin as a decentralized digital currency. Blockchain networks were intended to democratize finance, eliminating corporate control and spreading power among users. However, Bitcoin and related currencies have become centralized due to their reliance on Proof of Work (PoW) and Proof of Stake (PoS) algorithms, as well as their use of mining to create coins. This centralization defeats the original purpose of digital currencies.
We created the Skycoin blockchain to correct these flaws. The Skycoin blockchain uses a novel consensus algorithm to replace PoW and PoS. It also fixes security problems associated with other blockchain networks and decouples coin creation from the mining process. The result is a fully decentralized cryptocurrency that fulfills Satoshi’s original vision.
The Skycoin blockchain does not use mining, so user power cannot be concentrated in a few large mining pools as it is with Bitcoin today. Coin creation doesn’t give certain users disproportionate control over the network. The supply of Skycoin is fixed. Skycoin transactions occur in seconds and are more secure. With Skycoin, we’ve created an immutable cryptocurrency that functions as digital property, rather than a political tool for amassing control over networks.
https://www.skycoin.net/ecosystem/
https://www.youtube.com/watch?v=b3qb29sulvU&t=1454s
WATCH THIS VIDEO BY THE SKYCOIN FOUNDER https://www.youtube.com/watch?v=KonQfXEFnBI&t=1251s
The skycoin founder is a very intelligent man as you can see here.
He has been involved as either a Founder/Advisor/Investor in dozens of Blockchain and Cryptocurrency projects that total up to $40 Billion in Market Cap. https://everipedia.org/wiki/lang_en/brandon-smietana-synth/ This isn't investment advise and I'm not a financial advisor by the way. Invest at your own risk
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