/biz/ - Business & Finance

>>13068588

Ded you say?

https://medium.com/@Skycoinproject/february-2019-community-update-324df8191a16

This is just the beginning. NZ incident has given them the excuse they need.

ISPs all over the world will start blocking 'dangerous' websites.

The powers-that-be want to keep us under control, and they can't do that if too many normies are getting redpilled on sites like biz.

It's time to end the crypto tribalism and get behind the one project that will let us all continue to use our preferred digital currency even when the powers-that-be shut down the Internet.

Everybody get on Skywire now!

>>12890985

> Divert! Distract! Look over there!

That's fine, I know you can't do it.

As I said, it takes a lot of time, money and effort to launch a successful DDOS attack.

Nobody is going to attempt that just to slow down Skycoin transactions for a while.

You might as well say "don't put money in the bank in case your bank gets DDOS'ed".

DDOS attacks can be mildly annoying if successful, but they're kinda pointless really.

Many tokens and forks have no working product. They’re not used for anything other than trading with each other on exchanges. On the other hand, genuine blockchain projects have working products that you can actually see, use, and in rare cases, touch.

This is where Skycoin truly stands out from the crowd, with a vast multitude of working products, both hardware and software-based. Skycoin is one of only a small handful of crypto projects that design, manufacture and deploy their own range of hardware. Some of Skycoin’s working products are listed below.

1. Skycoin—a lightning fast currency, with free transactions, and privacy/anonymity via the CoinJoin protocol

2. Software wallets—elegantly designed desktop/mobile wallets for Windows, Mac, Linux, iOS and Android

3. Hardware wallets—highly secure, and available at a fraction of the price of competing Trezor/Ledger/KeepKey models

4. Skyminers—can be purchased from Skycoin or built DIY, with almost 10,000 nodes already deployed globally

5. Coin Hours—earned by holding Skycoin in a wallet, and used to purchase services on the Skycoin ecosystem

6. Skycoin CX—a comprehensive programming language for creating games, apps and smart contracts

7. Skycoin Fiber—a platform for launching ICOs whereby each project is given its own dedicated blockchain

8. Skywire—a global decentralized peer-to-peer mesh network of interconnected Skyminer hardware nodes

9. Antennas—due for release in Q1 2019, enabling Skywire nodes to connect wirelessly and bypass ISPs

10. Online stores—making it easy for users to purchase Skycoin hardware and Skycoin-branded merchandise

11. KittyCash—a blockchain collectibles game that improves upon Ethereum’s infamous CryptoKitties game

>>12718889
Incorrect, and debunked here... http://www.skyfud.com/consensus.html

Consensus is currently secured by a masternode system, which is a very reliable solution used by numerous crypto projects. As with all masternode-based crypto platforms, the masternode writes blocks into an immutable ledger which is synchronized with all nodes in the network.

Every Skycoin wallet contains a complete copy of the blockchain. Anyone with a wallet can send a transaction which creates a block that is written into the immutable ledger by the masternode and then synchronized with the thousands of other nodes in the network, creating a distributed consensus as to the state of the blockchain.

Since only the masternode writes blocks, Byzantine Fault Tolerance is not an issue and a traditional consensus algorithm or protocol (such as Proof of Work or Proof of Stake) is not currently required in order to secure this consensus.

Below is the code for Skycoin's blockchain and visor, demonstrating UTXO block verification across the distributed ledger. It shows that the blockchain is distributed throughout nodes that connect to each other in a peer-to-peer fashion.

https://github.com/skycoin/skycoin/blob/develop/src/visor/blockchain.go
https://github.com/skycoin/skycoin/blob/develop/src/visor/visor.go

A blockchain is an immutable data structure, and when the blockchains on each node are synchronized, a consensus exists regarding the state of the blockchain. Being an immutable data structure, it is not possible for even a centralized validator node to alter the transaction history without it being very obvious what has occurred.

Even if Obelisk was never released, Skycoin could continue to run quite successfully on this masternode system forever, without negatively impacting Skywire or CX or Skycoin Fiber or any other part of the Skycoin ecosystem. Other major crypto platforms use similar central controllers (for example IOTA).

>>12715948
NKN nodes are entirely dependent on centralized ISPs and government controlled infrastructure.

But NKN, like all blockchain projects, could run over Skywire if it wants to be truly decentralized.