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What is Skycoin (SKY)?

May 10, 2018 By admin_coin

What is Skycoin Crypto Currency?
What is Skycoin Crypto Currency?
A brief description of Skycoin.
Skycoin is a third generation crypto coin. The Skycoin project is a long term infrastructure project that began around the time Litecoin was launched. 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.
Satoshi originally intended the control of the Bitcoin network to be decentralized over hundreds of thousands of computers. Today, the Bitcoin network is completely controlled by three mining pools. Bitcoin is no longer decentralized. Skycoin’s consensus algorithm is designed to achieve true decentralization of blockchain consensus.

Skycoin Video

Unfortunately we don’t have this data available.

The purpose of Skycoin 

Unfortunately we don’t have this data available.

Skycoin Abstract

It is well known that social networks are composed of many communities of nodes, where the nodes of the same community are highly connected, and few links are between the nodes of different communities. We observe scenarios in both real-world networks as well as computer networks that opinions of nodes in the networks can be aware of the existence of communities and take them into account during opinion formation. Based on the observations, we propose the first community-aware opinion dynamics model called Sznajd2 by applying the famous Sznajd model on the inter-community level and intra-community level. We then briefly introduce coupled fully connected networks (CFCN), analyze our model theoretically on it, and reveal that when interconnectivity parameter v > 0.172, nodes in the networks are surely to reach consensus on opinions along time, and when v < 0.172 the system might reach consensus or stay in an asymmetric stable state where some nodes disagree with others, and the state can be predicted precisely by theoretical analysis, whose correctness is also verified by simulations. For consensus performance comparison, we also perform simulations by applying our model and existing representative communityunaware models on CFCN. Simulations show that our model outperforms them, to ensure consensus on CFCN, other models require v > 0.31 at least, which is nearly two times big than our model. I

More information can be found in the Skycoin whitepaper https://www.skycoin.net/downloads/#whitepapers

Other Skycoin facts

  • Trading symbol: SKY
  • Governance: Centralized > Flat
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of work
  • Emmission rate: No new tokens created
  • Transactions per second:  0.25
  • Total Supply: 100,000,000
  • Release date: 2013-12-22

Usefull Skycoin links

  • Skycoin’s Website
  • Skycoin pricing data & fundamental Skycoin information
  • Skycoin’s Website
  • Skycoin official blog
  • Skycoin’s Bitcointalk Forum
  • Skycoin’s Reddit Forum
  • Skycoin’s block explorer
  • Skycoin’s Alexa site stats
  • Skycoin’s official forum: Unfortunately we don’t have this data available.
  • Skycoin’s Github code repository:
    https://github.com/skycoin/skycoin
  • Skycoin’s roadmap:
    https://medium.com/skycoin/what-is-skycoin-d332d251b36e
  • Skycoin’s team page: Unfortunately we don’t have this data available.
  • Skycoin’s whitepaper: https://www.skycoin.net/downloads/#whitepapers

Filed Under: Skycoin Tagged With: Altcoin, Crypto, Currency, SKY, What is?

Other questions related to this cryptocurrency:

  • Is Skycoin (SKY) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Skycoin (SKY)?
  • All available information on the Skycoin (SKY) ICO
  • How can I contact the Skycoin (cryptocurrency) team?
  • Who is leading Skycoin (SKY) crypto?
  • Where to find Historical trading info and past performance on Skycoin (crypto)?
  • Where can I find fundamental analysis of Skycoin (SKY)?
  • How to buy Skycoin (SKY) cryptocurrency?
  • What is Skycoin (SKY)?

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