Review on Skycoin by Gabriel Medina
The new world of the Internet
Skycoin (SKY) is a third generation cryptocurrency, designed and conceived by a group of Ethereum and Bitcoin developers. It is not just a cryptocurrency but it is made up of various technologies.
Skycoin is the most advanced blockchain platform in the world, completely secure, scalable and independent. Backed by bandwidth, storage, and computational power. It is developed to fulfill the vision of Satoshi Nakamoto.
The project operates correspondingly and on the Internet, but independently of it. These are the pillars that represent it:
Skycoin is not just a cryptocurrency, it is an ecosystem that works very intensively with various technologies to improve processes, make its systems more secure and solve the flaws found in bitcoin.
Pros
- Transactions between wallets are completely anonymous and fast.
- Ecological mining cryptocurrency that does not need as much computing power and there is not much electricity expense.
- It is not only a cryptocurrency, it is made up of several technologies offering a set of solutions.
- Since users cannot generate new currency by mining, possible fraud is avoided.
Cons
- It has incomplete functions that need to be improved.
- You need to have growth in the market to achieve your goals.
