Coin Overview
Market Cap: $128,898,400 USD
$SKY
Our Skycoin interest was peaked by a review by
SharkCIA group and excerpts have been used with
permission.
Prologue
The continued narrative of a decentralized Internet
has commanded the forefront of crypto-related
media for months. Its transition to the top can be
directly associated with the preponderance of
governing beings restricting consumers from
accessing important news and websites. The
abrogation of Net Neutrality is also a major
contributor as to why the demand for a decentralized
Internet has, exponentially, grown.
There is no surprise, then, as to why the frequency at
which consumers who invest in cryptocurrencies
concerning a decentralized Internet has risen. The
people seek a means through which their data and
will to navigate the world with technology are not
controlled by governing systems; systems that
dictate nearly all facets of the human race, which is
entirely undemocratic, fiercely unjust, and
disgustingly immoral.
Website:http://skycoin.net/
Exchange: https://www.cryptopia.co.nz/Exchange?market=SKY_BTC
Circulating Supply: 8,000,000 SKY
Total Supply: 25,000,000 SKY

Price: $16 USD; 230k SAT
But which cryptocurrency is most appropriate for
establishing a decentralized Internet?The answer is
not simple, for there are many excellent technologies
on the market, but there is one we are highly
impressed with, a platform that we perceive as the
most advanced in this sphere: Skycoin (SKY).
What is it?
The Skcoin platform, supported by bandwidth,
storage, and computation power, is entirely secure,
free from centralized oppression, scalable, and ISP
independent. In the eyes of many, Skycoin is the
quintessential technology to fulfill the dream of a
decentralized internet.
Compounding Skycoin, Skywire, Skyminer, Fiber,
Obelisk and Skysuite results in the transformational
ecosystem that is Skycoin. Each feature instills
futuristic admirations for a world much different from
today and encompasses the technological
infrastructure of a virtual currency payment matrix, a
blockchain ICO stage, a software suite for dApps,
and a decentralized Internet.
Skycoin (SKY)
A traditional feature of a virtual currency is security.
Skycoin goes steps further by being not only secure
but also fast, free, private, and energy efficient.
SKY’s efficiency ratings are sustained by its
ingenious consensus algorithm, Obelisk, which
surpasses, and replaces, the inefficient, practically
centralized, Proof-of-Work mining scheme.
Furthermore, the ability to process roughly 3,000
transaction per second, with 10 second
confirmation times, makes Skycoin a rival to Visa -
one of the world’s largest financial entities.
While Skycoin is relatively new to the community, its
duration under development, six years, makes it
one of the oldest, most developed
cryptocurrencies. This underlying fact demonstrates
that Skycoin has made tremendous strides and
updates to its operations, allowing it to become
one of the most influential technologies in the
facilitation of a decentralized Internet.
There are 8 million Skycoin’s in circulation, with 100
million in total, which are time-locked, meaning
coins are to be issued to the community over time.
To be precise, Skycoins are distributed at a rate of 5
million per year over the next 15-24 years.
Obelisk
Obelisk, which attains agreement without miners, is
Skycoin’s innovative consensus algorithm. To
transition from the Proof-of-Work algorithms often
found in the cryptosphere, Obelisk relies upon the
activity of nodes, not miners. As the nodes work in
tandem, much like a web, one can imagine Obelisk
operating as a web of trust that allows the network to
reach an agreement.
Through the extraction of miners from the consensus
equation, the block reward system vanishes,
subsequently preventing the matrix from falling
within the grasp of the embattled centralized
paradigm of today.
For clarification, Proof-of-Work networks become
centralized as they mature. This is resultant of the
sum of hashing power an entity achieves over time.
Therefore, the more hashpower acquired, the more
control an entity has over a network. Also, entities
with greater capital access will exceed their
competitors, as they are able to purchase expensive
mining hardware to manage the network. Obelisk
ensures this cannot happen.
Skywire and Skyminer Hardware
Skywire is a protocol that empowers the
community, allowing anyone, anywhere, to create
their own 3 layer decentralized Internet. This is one
feature of Skycoin that truly brings power back to
the people. As addressed in the introduction, the
current Internet is controlled by governments,
ultimately hindering the community from the ability
to learn what they want, speak with whom they
want, and effectively globalize. Skywire upends the
current system, circumventing issues looming over
Net Neutrality and the clear oppression enforced
by governing systems. Moreover, the ability to
create a decentralized Internet, Skywire requires the
Skyminer hardware, a device that enables
consumers to transmit data. Therefore, for the
decentralized Internet to work, people must own a
Skyminer to send and receive information.
Skysuite
Skysuite is the file of applications that run on the
Skycoin platform. Each application is built on CX/
CXO. CX is the native Skycoin language developers
must used to create each application within
Skysuite.
The applications found in Skysuite vary in nature,
but all serve importance to the Skycoin ecosystem.
Several of the applications are Sky Messenger, a
messaging service; Skycoin BBS, a social media
platform; Cryptosphere, a VPN client; and
KittyCash, Skycoin’s version of Cryptokitties.
The Team
The individuals responsible for the construction of
Skycoin present expertise and skill that truly leaves
everyone at Bitcoin Bravado in awe. Our sense of
respect and interest towards the Skycoin team should
not be overlook, in part that we, through a
fundamental perspective, view those responsible for
the development of Skycoin as undisputed
incumbents, humans with tremendous talents and
experience that will enable Skycoin, and the
community itself, to flourish.
Synth, the founder of Skycoin, has a resume for the
ages. His talents extend to the earliest days of crypto
- a time in which Bitcoin was merely an idea, slowly
gaining presence through the ingenious
collaboration of a team lead by a figure under the
pseudonym Satoshi Nakamoto. Remarkably, one of
the original contributors to Bitcoin, is Synth. He stood
along side several of the most influential figures in
crypto to configure Bitcoin; this is a feat we find
astonishing. Furthermore, he has orchestrated the
development of Skycoin for the past 8 years through
his experience in mathematics, symbolic logic, and
distributed systems.
With Synth’s background, one would be ill-informed
to believe Skycoin would deviate from excellence. To
solidify Skycoin as a fundamentally sound instrument
responsible for promoting a decentralized internet,
Houwu Chen bestowed his talents to the cause,
particularly all tasks concerning Obelisk - the heart of
decentralized internet.
For enlightening purposes, it is imperative to
understand Houwu Chen’s credentials. Over the
course of the last 10 years, Chen has embarked on
a series of technological journeys, including one
incredibly sound endeavor - to create Ethereum
with Vitalik Buterin.
The remaining supply of immediately distributable
Skycoin in this moment comes down to 17.721.960
million coins (~17,7%). These coins will be used to
further the growth of the Skycoin project as well as to
incentivize the Skywire meshnet.

The 75 million (75%) undistributable Skycoin cannot

To compliment the aptitudes of Synth and Houwu
be distributed until the first 25 million (25%) have
Chen, Skycoin utilizes the prowess of Steve
been distributed. After that is done, for each
Leonard, who is responsible for engendering much
subsequent year thereafter, 5 million coins (5%) are
of the original Skycoin software. With a background
unlocked via an unanimous consent (1 vote against
in software development, mathematics, chemistry,
distribution can stop the whole process) of an
and years of developing popular enterprise
unknown group of developers. This does not
eCommerce backends, Leonard provides Skycoin
mean that each year 5 million coins have to be
with unparalleled talents, and the ability to scale the
distributed, they are just unlocked and it is possible
company well into the future.
to distribute them. This process depends on the
growth of Skywire. Unlocking the total supply of 100
Understanding Supply
million takes a minimum of 14 years and the
distribution can be extended to up to 25 years if
Skycoin has a total supply of 100 million coins necessary. 1
created in the genesis block. Currently the
circulating supply is at 7.278.040 SKY (~7,2%).

75 million coins (75%) are timelocked (hardcoded in

skycoin.go scroll down to bottom) and 25 million
coins are currently unlocked.

1. https://www.skycoin.net/blog/statement/understanding-the-skycoin-supply--distribution/
Resources

Website: https://www.skycoin.net/
Telegram: https://t.me/Skycoin
Twitter: https://twitter.com/Skycoinproject
Medium: https://medium.com/@Skycoinproject

https://www.skycoin.net/downloads/

DISCLAIMERS - PLEASE READ

Anything we share should not be considered legal or financial advice. You should consult
with a financial advisor to determine what may be best for your individual needs and risk
tolerance. Bitcoin Bravado is not a financial services company nor are we licensed
financial advisors. We have NOT been paid to review or endorse SKY. The Skycoin logo is
property of Skycoin.net. Bitcoin Bravado, LLC has no affiliation with Skycoin.net.

Please, always do your own research.