Rank #4487
sky Skycoin
$ 0.03421
0.062925 BTC
29 satoshies
Market Cap
781,887.7727 $
24 Hour Trading Vol
3.6591 $
Circulating Supply
22,85 MLN.
Total Supply
100,00 MLN.
Max Supply
-
Fully Diluted Valuation
3,66 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
-
-
-
-
-
-
Skycoin Price Statistics
0.03421 $
0.03421 $ / 0.03674 $
3.6591 $
#4487
781,887.7727 $
49.23 $
-99.93%
29 December, 2017, (8 years ago)
0.0006312 $
5,319.65%
28 August, 2022, (3 years ago)
Skycoin Top Markets
Skycoin Performance
Trading Pair
day
week
month
sky
/
usd
0 %
-6.5%
-35.92%
sky
/
btc
0 %
-6.5%
-35.92%
sky
/
eth
0 %
-6.5%
-35.92%
About Coin
The Skycoin Platform is the most advanced blockchain platform in the world. Developed by early contributors to both Bitcoin and Ethereum, Skycoin’s platform is completely secure, infinitely scalable, and ISP independent. It uses its own specific distributed consensus algorithm, called Obelisk, instead of other commonly used algorithms like proof of work (POW) and proof of stake (POS). Obelisk uses the concept of ‘web of trust dynamics’ which distributes influence over the network and makes consensus decisions depending upon the influence score of each node. Each node subscribes to a select number of other network nodes, and the density of a node’s network of subscribers determines its influence on the network.
Skycoin is very fast. With transaction speeds close to 2 seconds and no transaction fees it can rival any other cryptocurrency on the market as a payment method. The transaction costs of Skycoin are covered by Coin Hours. This is value paid to Skycoin holders for each hour they hold a Skycoin. Skycoin is against charging transaction costs and mining incentives as it only drives up the costs of the network. The biggest benefit of Skycoin is that it is energy efficient due to the Web-of-Trust social proof. It can even run on a 30-watt cell phone processor making it great for mobile payments. Centralization becomes less of an issue when anyone can participate in the blockchain. Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers.
A major goal of Skycoin is to promote actual usage of cryptocurrency rather than speculation. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet.
Skycoin also has its own ICO platform called Fiber, their own deterministic programming language, CX, derived from Golang, a private decentralized messenger system called Sky-Messenger, and a decentralized social media platform, BBS.
Here is another way to think of Skycoin: An open-source, community-owned, hardware-based peer to peer internet designed from first principles and leveraging the incentive system of the blockchain.
Where is Skycoin available for purchase?
What is the highest value Skycoin (SKY) has ever reached?
Skycoin (SKY) reached its peak price at 49.23 $ on 29 December 2017, approximately 8 years ago ago. Presently, the current price is -99.93% lower than this all-time high.
What is the historical minimum price for Skycoin (SKY)?
The minimum price reached for Skycoin (SKY) was 0.0006312 $, documented on 28 August 2022, more than 3 years ago. In comparison, the current price is 5,319.65%, it above this historical low.
What is the fully diluted valuation of Skycoin (SKY)?
The fully diluted valuation (FDV) of Skycoin (SKY) stands at $ 3,66 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SKY tokens. The realization of this FDV might take several years depending on the emission schedule of SKY tokens.
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