What Happened to Skycoin? How Crypto Pioneer Fell Victim to Blackmail
Skycoin began developing its first blockchain to address some of the shortcomings inherent in both Bitcoin and Ethereum, such as centralized mining and a lack of a description language. It officially launched the Skycoin token, SKY, in 2012. Over its ten years of activity, the company has created a developer friendly ecosystem consisting of blockchain and Web 3.0 solutions.