INO COIN INO to Skycoin SKY Exchange

Crypto Pair Details: INO to SKY

INO COIN INO

InoCoin is a decentralized cryptocurrency built with the sole purpose of helping prospective new businesses find funding. Our aim is to draw in a large pool of funding applicants and pick the ones who prove they deserve the investment. We base our decisions on a set of criteria that are purely objective, built as a result of our extensive experience with investing. This guarantees that InoCoin will keep growing, because it is not directly tied to the market, but only to the select, high-quality startups we choose to fund. They use blockchain technology because we believe in its future, because we are business people and have a logical outlook. Providing transactions many times quicker and cheaper than are currently the norm makes blockchain the perfect decentralized system. It gives every person the opportunity to be a successful investor, whereas a classical banking system limits investment options to just a small circle of well-funded individuals. InoCoin works both for startups and for investors. We strive for win-win deals. Every successful startup is a win both for investors and for InoCoin. INO coin is a utility token that will pave the way to the future of crowdfunding. Unlike most other platforms, it is also a universal payment tool and, apart from investing in and funding various projects, it will also act as a currency that allows people to take advantage of the innovations which are being developed thanks to it. After investing in INO, for example, you can receive smart services and all kinds of products from the projects you support. Ino Coin is the global platform for funding and guiding prospective young blockchain projects to success. It’ s backed by a variety of people with extensive technical and business skills– a team that will share advice and provide constant direction to young teams in addition to providing funds.It’ s a unique decentralized system for joint decision making between the lead team, project representatives and all investors and owners of the currency.Share knowledge, ideas and shares through InoCoin.

Skycoin SKY

The Skycoin Platform is the most advanced blockchain platform in the world. Developed by early contributors to both Bitcoin and Ethereum, Skycoin’s platform is completely secure, infinitely scalable, and ISP independent. It uses its own specific distributed consensus algorithm, called Obelisk, instead of other commonly used algorithms like proof of work (POW) and proof of stake (POS). Obelisk uses the concept of ‘web of trust dynamics’ which distributes influence over the network and makes consensus decisions depending upon the influence score of each node. Each node subscribes to a select number of other network nodes, and the density of a node’s network of subscribers determines its influence on the network. Skycoin is very fast. With transaction speeds close to 2 seconds and no transaction fees it can rival any other cryptocurrency on the market as a payment method. The transaction costs of Skycoin are covered by Coin Hours. This is value paid to Skycoin holders for each hour they hold a Skycoin. Skycoin is against charging transaction costs and mining incentives as it only drives up the costs of the network. The biggest benefit of Skycoin is that it is energy efficient due to the Web-of-Trust social proof. It can even run on a 30-watt cell phone processor making it great for mobile payments. Centralization becomes less of an issue when anyone can participate in the blockchain. Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers. A major goal of Skycoin is to promote actual usage of cryptocurrency rather than speculation. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycoin also has its own ICO platform called Fiber, their own deterministic programming language, CX, derived from Golang, a private decentralized messenger system called Sky-Messenger, and a decentralized social media platform, BBS. Here is another way to think of Skycoin: An open-source, community-owned, hardware-based peer to peer internet designed from first principles and leveraging the incentive system of the blockchain.

SOURCE: COINGECKO

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