There has been a lot of frustration and general disappointment with a lot of ICO’s that have been held under the Ethereum and Neo Platform of recent that significant part of the investors who tried to invest have not been able to
It is either the network is congested or the developers are lacking in technical know how to make these ICO’ platforms user friendly
I remember the first ICO held under the Neo platform Red Pulse RPX resulted in monies being returned to investors who could not get in .
scalability issues of the website, complicated process of installing RPX GUI and dealing with sync issues etc and agreement being asked to sign just before the sale and script hash being sent just 1 minute prior to the sale are some things that could have been done right to avoid lot of confusion. You would have thought Neo would have learnt their lesson from that baptism of "fire" but this has repeated itself with other ICO’S like Qlink, the Trinity and more recently the Key
We are all familiar with transactions supporting the popular CryptoKitties app are continuing to congest the ethereum blockchain, a state of affairs that has spurred numerous startups to briefly postpone its planned initial coin offering (ICO).
CryptoKitties – an ethereum-based app that uses tokens to represent digital cats that can be traded, exchanged or bred to create more e-pets – has effectively clogged up the blockchain
As a result, users – including those trying to participate in token sales via the ethereum network – are stuck with longer wait times given the plethora of transactions associated with the CryptoKitties app.
Ethereum is trying to put the entire world into one database, but for us as startups it’s important to make sure that the technologies you want to use are solid and well tested
Today I introduce a game changer and a revolutionary third generation platform that is most convenient , simple and devoid of all the other problems associated with other platforms
It is the SKYLEDGER of the skycoinproject
Skyledger i s a third-generation blockchain platform that delivers speed, security, privacy, and a true decentralized blockchain network.
Skyledger, a platform that is Skycoin version of Ethereum’s ERC20, but is better:
It gives every coin their own blockchain and the platform runs on top of the Skywire infrastructure, and Skycoin get a fee from that.
Skyledger has a programming language (CX), not “smart contracts”
Skyledger let the developers of each chain hardcode whatever they want to do.
Consensus on Skyledger is determined by the community rather than by a few individuals. It’s a technically superior platform that fixes Bitcoin’s issues and paves the way for blockchain’s better future.
The advantages of Skyledger technology for ICOs are clear: there is no mining requirement . Skyledger’s web of trust is that it’s environmentally friendly. It could be run on a 30-watt cell phone processor. To fully appreciate this advantage, consider the massive resource drain produced by Bitcoin’s mining network rigs: over 32 terawatt hours in 2017. That’s about as much as the entire country of Serbia. As reported by Digiconomist, Bitcoin uses enough energy to power 3 million homes. To put this in even more striking perspective, even credit card giant Visa uses only enough energy to power 50,000 homes.
Coin creation occurs over a period of only several days before the start of the ICO; once coins and wallets are created, zero-fee and instantaneous transactions allow for straightforward coin distribution; and the system has a high degree of usability. Furthermore, unlike ERC20 tokens, Skyledger provides businesses with a private blockchain that is not shared with other currencies. Private chains provide for increased data security, in addition to the benefit of high-speed transactions.
Skyledger lets users create their own cryptocurrencies using a common platform. Unlike Ethereum, Skyledger provides a private blockchain that isn’t shared among other currencies. It uses improved encryption and a unique method for verifying transactions that makes it immutable and immune to 51% attacks.
One advantage of the private blockchain is enhanced transaction speed. Businesses need a dedicated blockchain to prevent slowdowns caused by other uses of the network. Ethereum recently struggled with this problem with the CryptoKittes craze, which now accounts for over 10% of network traffic. CryptoKitties has resulted in a dramatic slowdown of transactions on ETH. Skyledger’s dedicated blockchain prevents this sort of thing from happening
The usability, low cost, and efficiency of Skyledger tokens makes them very well suited for projects seeking to tokenize commodities trading. The separation of the mining process from coin creation and distribution allows tokens to act as discrete units of digital equity in a straightforward sense. Hence many of the projects and ICOs that use the Skyledger platform focus on using their tokens to represent tradeable rights of share in ownership of particular commodities.
Other projects on the Skyledger platform have similarly far-reaching visions for change – replacing the large institutional intermediaries managing market interactions between individuals in order to return power and profits back to the community.
The Chinese company Shellpay is currently developing a Superwallet that will allow clients to store and transfer Skyledger family tokens with a single wallet. In the future, tokens and data silos in the Skyledger ecosystem will be connected in a simple and low-cost transaction system, perhaps in the form of an independent public decentralized exchange.
This system of integration constitutes a major step towards enabling consumers to participate in and navigate the various economies emerging from the blockchain-based process of digitalization and tokenization.
One other major feature of the skyledger platform is that it is only interested in asset backed project and not vaporwares .
Upcoming ICOs in the platform include solar bankers . Solar Bankers uses Skyledger’s blockchain to decentralize the energy sector. With Solar Bankers, users can generate solar electricity and trade it directly with one another.
SPACO, is a distributed next-generation network protocol, which significantly improves on the current HTTP/HTTPS internet protocols
SPACO opens the floodgates and allows anyone to be a network operator, Instead of all resources being controlled by few industry giants.
Metalicoin Money backed by real metal- The way it used to be
MetaliCoin is a crypto-currency backed by real metals. You can use MetaliCoin to buy all the main metals at deep discounts and trade them whenever you please.
MetaliCoin is a market place for miners and metals enthusiasts to come together
MDL Talent Hub
- aiming to build a trustchain for $2,3 trillion entertainment industry utilizing blockchain and PIDS technologies. The platform will have prosumer ecosystem marketplace and micro-KOL partnership programs to raise revenue. Resource mining will be enabled via Skyledger.
Skyledger represents the real future of blockchain. It’s a truly decentralized network where transactions are fast and secure. It supports Skywire, an alternate ISP that gives users control over their use of the internet. It’s energy-efficient and streamlined. Best of all, it offers community consensus through its Obelisk algorithm. Skyledger is empowering users by providing what Bitcoin couldn’t: a decentralized, peer-to-peer internet economy.
In my next series of articles , I will be focussing on the individual projects that are using this trail-blazing platform
Stay Tuned
You can follow the various projects on skyledger platform at
https://www.skycoin.net
Development - https://github.com/skycoin
News Channel: https://t.me/skycoinnews
BBS Community: https://t.me/skycoinbbs
Twitter: https://twitter.com/Skycoinproject
Support: https://t.me/skycoinsupport
you can follow @MetaliCoin follow metalicoin on reddit at https://www.reddit.com/r/Metalicoin/ https://www.facebook.com/MetaliCoinPlatform … https://www.linkedin.com/company/metalicoin … https://t.me/Metalicoin http://metalicoin.com
https://t.me/MDL_Talent_Hub
http://mdl.life
https://steemit.com/@mdl
https://twitter.com/MDL_Talent_Hub
https://github.com/MDLlife/
Telegram: https://t.me/solarbankersICO
Discord: https://discord.gg/9NaUS2t
Facebook: https://www.facebook.com/solarbankerssingapore/
Twitter https://twitter.com/SolarBankers_
you can follow @MetaliCoin
follow metalicoin on reddit at https://www.reddit.com/r/Metalicoin/ https://www.facebook.com/MetaliCoinPlatform … https://www.linkedin.com/company/metalicoin … https://t.me/Metalicoin http://metalicoin.com
Website: https://spaco.online
Twitter: https://twitter.com/SpacoLabs
Facebook: https://www.facebook.com/SpacoLabs/
Github: https://github.com/spaco
Very well put. I'm already in and very excited for Metalicoin, especially being a PM enthusiast. The most exciting bit about Sky-ledger for me is the aspect of a decentralized internet!! I wish you would have gone a bit more into the details there but very good write-up!! Thx for the info ;)
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Informative as always, thank you!
I still don't understand how any legit project would choose Ethereum to build their project on. By now it's really nothing more than a placeholder for tokens.
It's still early days for SkyLedger, but I'm liking all the projects working with it so far. Here's to hoping it gets noticed by all the upcoming serious projects!
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