/biz/ - Business & Finance

Skycoin.

>0 Fee transactions
>Transactions confirmed in seconds
>Infinitely scalable
>Coded from scratch in Golang
>6 years of development, originally started as an effort to fix the security vulnerabilities of bitcoin
>Revolutionary new consensus algorithm to replace PoW and PoS
>Allows to have an actual decentralized network without miner or stakeholder influence
>Increasing business adoption, companies that don't want to maintain a blockchain of their own or use Ethereum (solarbankers, spaco, MDL, some more starting up)
>More secure than any coin there is
>Untraceable transactions because of Coinjoin
>Holding Skycoins generates extra income in the form of coinhours
>Massive ecosystem of applications running on Skywire. Including decentralized exchange, social media, file sharing and VPN apps.

Skywire
>Designed to be ran on their own open source hardware infrastructure
>Uses public keys instead of ip addresses
>All traffic encrypted by default
>Man in the middle attacks impossible
>Nodes forwarding traffic can only see the previous and next hop, not origin or destination
>Latency superior to ipv4 because ISPs use hot potato routing and skywire doesnt
>Speed superior because bandwidth aggregation is possible, using the unused bandwidth of your neighbours
>Immune to all of ISP fuckery such as throttling, censorship, outages etc
>Works as an overlay over the current internet as of now, but will be completely independant as soon as the network backhaul is in place
>Incentivized for the first 14 years, you get paid for running a node and transferring packets for the network
>It will be faster and pretty much free, no way current ISPs can compete

Literally nobody knows about this yet.

>>6709964
The team is anon, skywire is going to completely overtake massive conglomerates like time warner and comcast, so showing your face in public would be pretty dumb, just asking to get suicided. Don't think anyone's got the skyminers yet, they're supposed to start shipping this week. This guy is just trolling >>6708626

here's the fundamentals - blockchain thats been in developement since the bitcoin early days, fixing literally all of the issues with bitcoin:
>web of trust algo that got rid of the miners and pos hoarding from network operation
>fixed double spending
>fixed signature malleability
>51% attack impossible
>secure deterministic wallets - if two people build the binary from source on different machines, they get SHA256 identical binaries. This guarantees the absence of backdoors
>coinjoin protocol for privacy
>created their own networking protocols for consensus verification
>uses a lot less resources than bitcoin nodes
>soft coded blockchain size parameter for ez scaling
>provably hundreds of txs per second
>no tx fees
>timelocked distribution over a 14 year timeline
>massive ecosystem built around it


Coin itself is used for operating skywire, a new decentralized internet built from the ground up, designed to be in every way better than tcp/ip
>designed to be ran on their own open source hardware infrastructure
>uses public keys instead of ip addresses
>all traffic encrypted by default
>man in the middle attacks impossible
>nodes forwarding traffic can only see the previous and next hop, not origin or destination
>latency superior to ipv4 because ISPs use hot potato routing and skywire doesnt
>speed superior because bandwidth aggregation is possible, using the unused bandwidth of your neighbours
>immune to all of ISP fuckery such as throttling, censorship, outages etc
>works as an overlay over the current internet as of now, but will be completely independant as soon as the network backhaul is in place
>incentivized for the first 14 years, you get paid for running a node and transferring packets for the network
>it will be faster and pretty much free, no way current ISPs can compete

You better buy the fuck up, it's literally the future of internet.

>>5222833
All of those can still be network attacked. Skycoin is the only one that fixes this problem, by having created it's own secure encrypted networking protocol.

>>5102788
Crytomarket? Most likely nothing. This will set a precedent though, and ISPs will continue to tighten their grip until they achieve a stranglehold over internet experience. Fees will rise. Throttling, censorship, and manipulation will become the norm.

This will set a perfect environment for a decentralized internet to develop and take over. And it's more or less developed by skycoin already, the code is functional, the hardware network nodes are being shipped.

Pretty much nobody knows about this because their marketing is utter trash, and they're not listed anywhere apart from cryptopia. You should unironically research this though, do the research yourself.