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This project that could totally change the internet is the result of 6 years of research and development. Unlike a host of alternative currencies, SkyCoin is not a copy of Bitcoin. Indeed, the two major problems of the BTC and the ETH (Ether) are the duration of the transactions and the consumption of electricity necessary for the mining, judged as too expensive. It is in response to these two issues that Skycoin is born. The founding team has developed its own algorithmic consensus called Network Consensus.
40 times faster than Bitcoin, more than 300 transactions can be processed every second. This figure is all the more eloquent when we know that transactions concerning the BTC can take up to hours.
At an initial price of INR 268.06 on 1 September 2017, SKY slided down until INR 220.35 on 30 September 2017.
At INR 229.30 on 1 October 2017, SKY price leaped upwards to INR 265.30 on 31 October 2017.
At 294.27 INR on 1 November 2017, SKY moved upright to INR 552.17 on 30 November 2017.
At 660.08 INR on 1 December 2017, SKY rose leaps and bounds to INR 2957.42 on 31 December 2017.
At 2502.52 INR on 1 January 2018, SKY dipped down to INR 1511.68 on 31 January 2018.
At 1381.56 INR on 1 February 2018, SKY was seen trading at INR 1149.06 on 27 February 2018.
After seeing the centralization of the Internet, by governments and ISPs, was a major threat to the privacy of users, the Skycoin team decided to solve this problem.
For this they created SkyWire as a full component of the project. The SkyCoin cryptocurrency is for the blockchain while SkyWire uses the mesh topology. By combining Skycoin and Skywire technology, everyone can be a player in the internet instead of access providers who just do users. By buying Skycoins you allow the development of a new internet totally decentralized, working only with the help of everyone. A new internet that is already in place. There is no doubt that the changes currently underway will bring about major upheavals, regardless of the regulation put in place by the states.
Skywire is a new Internet which is faster, with better performance, a much cheaper network, accessible to all and where privacy is completely respected. Indeed, it is now impossible to trace the IP address of the users or to use their connection data.