Skycoin (SKY) is a cryptocurrency that is designed to be a better alternative to Bitcoin. It is built on a new blockchain protocol called Obelisk that is more secure and efficient than the Bitcoin blockchain. Skycoin is designed to be a more accessible digital currency for everyday users, and its mission is to create a global, borderless, and decentralized network of users.
The Skycoin blockchain is based on the idea of mesh networks. This means that instead of relying on large centralized nodes, the network is made up of many small nodes that are run by users. This makes the network more secure and resilient to attack. In addition, the Skycoin blockchain is lightning-fast and can process transactions in near-real time.
Skycoin also has a number of features that make it appealing to users. These include low transaction fees, fast transaction times, and a user-friendly wallet. In addition, Skycoin has an incentive system that encourages users to participate in the network by providing rewards for holding and staking coins.