Ecosystem

Architecture of the new internet

Skywire

Skywire is an encrypted peer-to-peer overlay network that runs on top of the internet. Every visor on it is addressed by its public key, and all traffic between visors is encrypted.

It is reachable. Through DMSG relay servers, any visor can reach any other without a public IP address or an open port. Over Skynet, visors also connect directly, and routes can run through several visors.

It is useful. The visor comes with a VPN, a SOCKS5 proxy, a messenger with voice calls, mail, a remote shell and port forwarding, and a visor can publish a website on its public key.

It is rewarded. More than a thousand visors run on the public network today, and those that meet the eligibility rules share a daily reward in Skycoin.

learn more about skywire learn more about cxo

Skyminer

Node

CXO

Skycoin

Skycoin was created as an answer to the shortcomings of both Bitcoin and Ethereum. Born out of necessity, no other coin was fulfilling Satoshi’s original vision of a fully decentralized digital currency.

Skycoin’s platform is free from centralization and manipulation through its revolutionary Obelisk consensus algorithm. It features CX, a turing complete programming language built from the ground up to allow hundreds of thousands of devs to easily deploy applications to the blockchain. Skycoin functions as a currency with virtually-free transactions, soon-to-be-implemented absolute privacy, and Visa-like speeds with inherent asset-backed value not based on speculation.

Holding Skycoin generates Coin Hours which are used to purchase services on the Skywire network and can be exchanged for more Skycoin.

learn more about cx

Fiber

Coin Hours

Coin Join

Obelisk

Decentralization in a centralized world.

Obelisk was created out of the shortcomings in the Proof of Work (PoW) and Proof of Stake (PoS) algorithms. Obelisk can never be centralized by mining pools or manipulated by shareholders, meaning it is truly decentralized. Obelisk distributes influence over the network according to a web-of-trust architecture. Instead of miners, the network consists of nodes. Each node gets its own personal blockchain which prevents and quarantines any potential bad actors. These nodes are substantially less expensive to produce, acquire and operate than any traditional miner used for Bitcoin or Ethereum. Obelisk was designed to be a scalable, computationally-inexpensive, zero-waste alternative to PoW. These features enable the algorithm to be run on budget hardware in a sustainable fashion, without wasting electricity or consuming valuable natural resources. Centralization becomes nigh-impossible when virtually anyone is able to operate a node.

learn more about obelisk

Obelisk

Fiber

The infinitely-scalable and highly customizable parallel peer-chain architecture of the Skycoin platform. Fiber is a better-than-blockchain solution, which is transformational in the way that it solves existing problems with distributed ledger technology.

Fiber is the foundation of “cryptocurrency 3.0”, an infinitely scalable network of blockchains laid side-by-side, like strands. Each project hosted on Fiber gets its own fully customizable, private blockchain capable of Visa-like speeds. Each strand added to Fiber strengthens the whole network and constructs the fabric of the entire ecosystem.

Skycoin Fiber does not compete with first and second generation cryptocurrency architectures, it replaces them. From fledgling blockchain projects to enterprises looking for solutions, Fiber is the answer.

learn more about fiber

Fiber

What is Skycoin?

The original purpose of digital currency was to reinvent the economy so that users could be independently empowered to trade in a peer-to-peer fashion, without interference from centralized powers. At Skycoin, we believe strongly in this mission. That’s why the Skycoin blockchain is designed to benefit all users, not just a select few. With Obelisk, we’re solving the problems inherent in PoW- and PoS-based coins to bring you a decentralized and democratic consensus network.

Satoshi envisioned Bitcoin as a decentralized digital currency. Blockchain networks were intended to democratize finance, eliminating corporate control and spreading power among users. However, Bitcoin and related currencies have become centralized due to their reliance on Proof of Work (PoW) and Proof of Stake (PoS) algorithms, as well as their use of mining to create coins. This centralization defeats the original purpose of digital currencies.

We created the Skycoin blockchain to correct these flaws. The Skycoin blockchain uses a novel consensus algorithm to replace PoW and PoS. It also fixes security problems associated with other blockchain networks and decouples coin creation from the mining process. The result is a fully decentralized cryptocurrency that fulfills Satoshi’s original vision.

The Skycoin blockchain does not use mining, so user power cannot be concentrated in a few large mining pools as it is with Bitcoin today. Coin creation doesn’t give certain users disproportionate control over the network. The supply of Skycoin is fixed. Skycoin transactions occur in seconds and are more secure. With Skycoin, we’ve created an immutable cryptocurrency that functions as digital property, rather than a political tool for amassing control over networks.