The goal of the Skelpy project is to create a completely decentralized and transparent blockchain

Hello friends, good afternoon and happy to take a break for a moment to read this article, we will discuss Skelpy, which I think is very interesting.

The goal of the Skelpy project is to create a completely decentralized and transparent blockchain in which all portfolios have a certified digital identity. The transactions will be visible to everyone, but the subjects will be certified and recognized on the basis of visibility fees, explained forward. It will, therefore, be possible for the user to carry out transactions on the blockchain with a certified wallet (natural person or legal entity) or not certified. The Skelpy blockchain is based on DPOS technology (Delegate Proof Of Stake) in which there are 51 forgiving nodes that have the task of keeping the network working and functioning.

What is Skelpy?

Skelpy is a Project that aims to create a completely decentralized and clear blockchain, where each wallet has a certified digital identity. Transactions will be visible to everyone, but individuals will be certified and recognized based on the visibility criteria described earlier.

So it will be possible for users to issue transactions on the blockchain with a certified wallet (individual or legal entity) or with a non-certified wallet. Then the source code associated with the blockchain will be fully issued along with the tools, while all the code related to the SkelpySystem platform will still be backed up.

The Skelpy blockchain platform is based on DPS (Delegate Proof of Stake) technology where there are 51 forging nodes that have the task of maintaining active and working nets. And the DPoS technology used by Skelpy will take the project ARK (https://www.ark.io) as a starting point but this is not a copy or sidechain of the project mentioned. However, the Skelpy blockchain platform starts from a solid and tested base that will be upgraded to be functional to the Skelpy System.

What is DPoS?

DPoS (Delegated Proof of Stake) is the final method for guaranteeing digital net tokens by processing transactions and ensuring distributed management (transaction validation) without the need for a central authority.

This system is an evolution that began with the Proof of Stake, which provided the involvement of the entire network rather than the representative of 51 delegates, which was developed for the purpose of reducing costs and inefficiencies associated with the typical PoW (Proof of Work System) electricity consumption, for example Bitcoin.

Delegated Proof of Stake is defined as a strong, efficient and very reliable consensus algorithm in the Blockchain web, usually described as technological democracy.

Skelpy Certificate Your Wallet

SkelpySystem is a decentralized platform that permits to certify and recognize the wallets inside the Skelpy circle.

Through this system, it will be possible to recognize the subjects involved in the transactions on the basis of the level of authority allowed by the wallets owners.

The wallets can be recognized at the discretion of the rightful owner that decides the visibility of his own wallet.

To recognize a wallet is necessary for sending a recognition request to the subject in question, except the “Public” level of visibility that does not need a recognition request.

Public visibility

A wallet with a “Public” visibility level can be seen from all of the users registered at the SkelpySystem platform, without any need for recognition.

Private Visibility

A wallet with a “Private” level of visibility can be seen only from the authorized users after the acceptance of the recognition request sent from the applicant to the rightful owner.

“Solo” visibility

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

Each subject being part of the SkelpySystem platform must respect the laws that regulate it and certify his/her identity through the regulations of his/her home country and the KYC tool.

BLOCKCHAIN CERTIFIED
FAST & SAFE
The goal of the Skelpy project is to create a completely decentralized and transparent blockchain where all portfolios have a certified digital identity.

SKELPY SYSTEM
SOFTWARE RECOGNITION PLATFORM
SkelpySystem is a decentralized platform that enables certification and recognition of portfolios in the Skelpy circuit. Through this system it will be possible to recognize the subjects involved in the transaction. Portfolios will be recognized at the discretion of the rightful owner who will decide the visibility of their portfolio.

ECONOMY
ECONOMIC COIN SKELPY
The maximum coin offer will be 70,000,000, with the amount of money placed on the market 2,000,000. Will be forged beforehand, 33,000,000 coins where 20,000,000 coins will be used as voter portfolios for 20 related partners, then 20,000,000 SKP will be frozen and will not be circulated in any way, their only goal is to select 20 delegates from the network Skelpy.

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.

ROAD MAP

let's watch the video and visit the official website of Skelpy to get more detailed information below :

https://www.youtube.com/watch?time_continue=7&v=FChFNkVOtWo
https://www.skelpy.co/pdf/whitepaper/Skelpy_whitepaper_en.pdf
Website: https://www.skelpy.co
Twitter: https://twitter.com/SkelpyCoin
Telegram: https://t.me/SkelpyCoin

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HellenXaveria

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