Launched in 2017 and built on blockchain technology, SkyCoin is an ecosystem that promotes the general use of cryptocurrencies and public ledgers. Using the Obelisk consensus algorithm, every node has an individual blockchain and therefore each individual consensus decision is made through these separate blockchains.

When it comes to speed, SkyCoin has a transaction time of just two seconds and is one of the fastest cryptos on the market as well as boasting secure and private transactions. Those who have Skycoin Tokens are also able to receive another form of currency called Coin Hours which is paid out every hour for those who hold Skycoin in their wallets.