REVIEW SKELPY ICO - CERTIFIED DECENTRALIZED BLOCKCHAIN

Users needn't hesitate to participate in and have confidence varied styles of transactions on this platform as Skelpy is backed by advanced technology to make sure the protection of the system. With the support of multiple delegates round the world, Skelpy can provide each user the chance to access their services. Paltfrom is incredibly reliable in terms of technology systems that guarantee method speed and value potency. Users will access this platform through their official web site or via the mobile application.

Immediate and straightforward use makes this platform simply accepted by the general public. Skelpy shows its existence through attention-grabbing options that square measure seldom found on alternative platforms. By simplifying all users with a digital notecase, Skelpy makes it easier for users to use varied services and also the group action method by connecting the user’s digital notecase directly with alternative users. This platform conjointly supports varied styles of digital currencies to administer users a lot of choices. Skelpy conjointly issued official chips that received the SKP emblem. Users will get these tokens through stock exchange transactions or direct purchases through the platform.

How is this any better than proof of work you may ask?

One of the major arguments against Bitcoin and block chain in general is that the process of mining is very wasteful and uses a lot of energy just for the sake of keeping the system up and running. The more competition this breeds, the more wasteful the energy expenditure. Using a DPoS system on the other hand, does not consume all that much energy. The only energy expenditures to keep the system up and running are the 51 nodes (in Skelpy’s case) that require to be on. Each delegate is allocated a time slot to verify and secure the network.

At first glance, proof of work might seem decentralized, but the way it is now adays, the system is very much like DPoS where only a couple of big mining pools hold the total majority of hashing power. Since Bitcoin difficulty has increase so much that it will take a couple of million years for a solo computer to find a new block, people have resorted to joing mining pools in the hopes that they can get a share of the bounty. This in fact is a form of centralization. By using DPoS, everyone; no matter how seemingly small, has at least a voice that they can use in the form of voting.

It is true however that this system is free from complete decentralization since those in power are those 51 delegates. But this is an issue of scalability. The more people required to verify transactions, the slower in general transactions become confirmed and as is with the case with Bitcoin back in 2017, hundreds of transactions were backlogged because the system couldn’t handle the sheer quantity of it. Since there is no perfect way to completely decentralize something, this seems like a fair trade-off to sufficiently decentralize Skelpy without compromising scalability.

In essence, the old proof of work method has ended up becoming the same as DPoS in the rise of mining pools, yet much more wasteful in terms of resources consumed. That is why Skelpy, has the right goal in mind when choosing DPoS as a consensus algorithm.

Skelpy System

SkelpySystem is also a decentralized platform that enables to certify and acknowledge the wallets inside the Skelpy circle. 

Through this methodology it's going to be potential to acknowledge the themes involved inside the transactions on the premise of the number of authority allowed by the wallets householders. 

The notecases is also recognized at the discretion of the rightful owner that decides the visibility of his own case. 

To recognize a case is crucial exploit a recognition request to the subject in question, except the “Public” level of visibility that does not need a recognition request. 

The visibility levels ar divided in: 

• Public 

• Private 

• Solo

Public visibility A pocketbook with a “Public” visibility level ar usually seen from all of the users registered at the SkelpySystem platform, with none need of recognition. 

Private Visibility A pocketbook with a “Private” level of visibility ar usually seen only from the licenced users once the acceptance of the recognition request sent from the human to the rightful owner. 

“Solo” visibility A pocketbook with a “Solo” level of visibility is totally completely different from the private visibility as a result of it can’t receive recognition requests, but only send them to pocketbook with personal visibility.

Each subject being a section of the SkelpySystem platform ought to respect the laws that regulate it and certify his/her identity through the laws of his/her home country and thus the KYC tool. 

In case of offences, breach of the law or actions that violate the national and international laws, SkelpySystem does not take any responsibility for facts occurred through its network. 

SkelpySystem will depend on the market all the documents needed to the requesting institutes, thus on not impede the investigation of hot acts.

How It Works?

TEC Fund Distribution

The currency in circulation will be of 2.000.000; 20.000.000 will be used by the partners to maintain the network; 10.000.000 will be saved as a backup fund that can be used exclusively in case of emergency and only at the achievement of the voting majority of the team; and 1.000.000 will be distributed among the team members on the basis of the developed work.

Scenario: Skelpy received 250 BTC and the calculated BTC value of alternativecurrencies received is 50 BTC at the end of the TEC.

On March 23rd John sent 5 BTC

Total BTC value received = 250 BTC + 50 BTC = 300 BTC.

John’s Percentage of TEC distribution is:

[5 BTC / 300 BTC] = 0,0166666

John’s final distribution is:

0,0166666 * 2,000,000 SKP = 33,333 SKP

Notes:

If John sent different cryptocurrencies (ETH, LISK, ARK) the value will be immediately converted to the correlating BTC value for the calculation. John sent 5 BTC and 10 ETH:

Value of ETH at moment of a transaction was: 0.05731 BTC

John’s total contribution in BTC is 5.05731 BTC.

Roadmap

TOKEN EXCHANGE CAMPAIGN

STARTS ON March 23rd 2019

For more information you can visit here :

website : https://www.skelpy.co

Twitter : https://twitter.com/skelpycoin

Telegram : https://t.me/SkelpyCoin

Instagram : https://instagram.com/skelpycoin

Forum : https://forum.skelpy.co/

Medium : https://medium.com/@skelpycoin

Whitepaper : https://www.skelpy.co/pdf/whitepaper/Skelpy_whitepaper_en.pdf

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Anita Sehr

Profil Bitcointalk:  https://bitcointalk.org/index.php?action=profile;u=2253966

ETH: 0xc8a9952dEc2a392fa15455F565849d2D2827BD67