Obelisk

The Skycoin Consensus Algorithm

At Skycoin, we want to bring users what they asked for: a true, decentralized network without central authority. To accomplish this task, we went beyond PoW and PoS to create a wholly new decentralized algorithm that reconfigures the inner workings of blockchain. Our distributed consensus algorithm, Obelisk, succeeds in delivering just such a network.



Its web-of-trust style consensus prevents the development of centralized power. Skycoin requires no mining, is immune to 51% attack, and transactions occur in seconds. Decisions are made through community consensus, not based on the wishes of a few majority stakeholders.