Skycoin (SKY) is a cryptocurrency created in December, 2013. Skycoin is immutable. There will is a set total of 100 million SKY coins, which cannot be additionally created or destroyed. Transactions cannot be paid for in SKY, there is a special currency, Coin Hours, for payments. Skycoin runs on the Obelisk consensus algorithm. Web-of-trust consensus removes the need for costly mining resources, eliminates the vicious cycle of mining incentives, exponentially improves transaction speeds, and delivers security. The project also developed official wallets to store SKY coins for Windows, OSX, Linux, OSX and Android devices. Find Skycoin's latest price, market data and other info on COIN360.