Wow, this is an old crypto from 2013. Strange, that I never heard about it. I see its not very popular price wise also. What's the main use of this crypto?
- fastest transactions time ( new consensus algorithm, next generation, competing with IOTA, etc, not PoW/PoS)
- fastest transaction rate of any blockchain tech so far (over 300 transactions/second)
- new blockchain (Skycoin actually has a blockchain, unlike the 400,000 ERC20 tokens doing ICOs)
- new full programming language for blockchain, CX. cx.skycoin.net (Ethereum killer). We can embed full videos games on blockchain, etc
- +300 transactions/second while Bitcoin can only do 6 and Ethereum can only do 30.
- Transactions in second instead of hours/minutes (like Bitcoin/Ethereum).
- eliminates 51% attack with new consensus algorithms (So exchanges cannot lose coins from double spending). A revolution in blockchain consensus.
- Competitor to Ethereum for launching tokens, Skyledger. Each coin gets their own complete, independent blockchain, no 51% attacks and transactions a hundred times faster than Ethereum.
- Applications like Skywire for people to earn/spend Skycoins (mesh network, community internet project, like ToR but users are paid coins for forwarding traffic within the network)
- Distributed social media on top of CXO (competitor to steemit, github.com/skycoin/bbs )
- higher level of transaction privacy than zerocoin but without the slowdown (while still doing over 300 transactions/second), using CoinJoin, UXTX, CoinHour swaps and "send to public key", which eliminate all tracking information from transaction.
- default DEX (decentralized exchange) and OTC market for whole coin family.
- mobile wallet, desktop wallet, web-wallet, hardware wallet. With multi-coin support. Bitcoin/Ethereum ("send to Bitcoin" functionality being added soon).
The big thing will be Skywire.
This is indeed a lot of good stuff Skycoin has to offer. What exactly is Skywire and when will that be finished or implemented?