It is a fast rising coin in the cryptocurrency market today.
On this article, we will review Skycoin token by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
Skycoin is a blockchain project which seeks to create a decentralized, peer-to-peer Internet service in which users provide network services in exchange for cryptocurrency. Skycoin was launched in 2013 and the Skywire mesh network launched in 2019. Unlike Bitcoin, Skycoins cannot be mined via proof-of-work.
There are 21,000,000.00 SKY in supply.
Pros of Skycoin
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of Skycoin
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
Is Skycoin Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear.
According to research and reviews, Skycoin is not a scam coin. It has been listed on top cryptocurrency wallets.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Skycoin on the comment section below. Don’t forget to rate and leave a review.