Skynet Platform Review
- About Skynet
Internet of Things (IoT) refers to the ever-increasing number of devices connected to the Internet, like smartphones, smart cities, computers, and airplanes. The three main obstacles withholding potential of IoT are intelligence, connectivity, and functionality. Skynet seeks to create OpenSingularity, a neutral processing core that is optimized for blockchain as well as the in-built blockchain network. It provides a secure end-to-end, decentralized platform that enhances collaborations as well as intelligence between all the gadgets within the network. The system will, therefore, solves the inherent problems of IoT.
- Our Considered Opinion
Skynet is a brilliant concept that will take the Internet of Things to the next level. The problems hindering the attainment of the full potential of Internet of things also affect negatively the adoption of digital currency. So, besides Skynet, Propelling IoT to greater heights it will foster the adoption of blockchains, allowing everyone to enjoy the benefits of
cryptocurrencies. The platform is composed of Skynet Open Network (SON) that has the following attractive features;
Delegated Proof of Stake; this is a Tendermint Byzantine architecture capable fo facilitating thousands of transactions every second per chain.
Devolved Exchange; the system networks can automatically exchange tokens without involving standard exchanges like Gemini.
Cross-Network Communication; it contains protocols that can be used to connect the network to others like Ethereum and ZCash.
- Innovations of Skynet
Skynet Core is the first blockchain Core to integrate Artificial Intelligence. It is designed to allow the usage of digital currencies and blockchain networks in IoT devices besides giving the devices AI and connectivity. This achievement is a step in the right direction because even though the number of devices that connected to the internet continually increase, these two capabilities have proved difficult to attain. The system achieves these two miles stone thanks to the presence of a powerful CPU that runs standard applications. It also contains blockchain optimized hardware like Crypto engines and wallets and a neural processing Unit. This unit accelerates matrix multiplication and Artificial Intelligence learning thus enabling devices to acquire neuromorphic learning and deep learning.
- ICO token sale
Skynet ICO token sale will take place in six stages. The first involved selling 66,666, 666,667 SON token at a price of 0.00035 per token. Buyers of tokens at this stage were entitled to 50 percent bonus. The second stage will involve the sale of 7,142,143 SON tokens at a price of 0.00035 per token. This stage will entitle buyers to a bonus of 40 percent. All subsequent stages will attract a bonus that reduces by 10 percent such that sixth stage will attract zero percent bonuses. The price for tokens will remain the same at 0.0035. The tokens on sale for stages three, four, five and size will be 7,692, 307,692, 8,333,333,333, 9,090, and 909,091 respectively.
- Conclusion
For more about this wonderful platform please visit https://skynet.co/tokensale#. The website details many other crucial aspects about the website that include Skynet team, distribution of the tokens and how the proceeds from token ICO will be used. Be sure to download and read the whitepaper for an in-depth understanding of the platform.
Lightpaper: https://skynet.co/img/lightpaper.pdf
Whitepaper: https://skynet.co/img/lightpaper.pdf
Eth:0xcacf88992a543625503a9a5913b50743d28df44e