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Skeincoin Overview

June 10, 2018 - Altcoins, Reviews - , , ,

Skeincoin is a cryptocurrency that was founded in 2013. It is symbolized as SKC and uses the algorithm of SkeinSHA2. Like many cryptocurrencies on the market, this one also comes in a limited quantity. Users can make the most of it by exchanging or trading it with Bitcoin or other cryptocurrency on the exchange market. Skeincoin is gaining a lot of popularity recently, making it to the list of the top thousands cryptocurrencies.

The most important thing that makes the Skeincoin unique is the using of Skein hashing algorithm, along with SHA256 and these serve as very good proof of work. The hashing of the cryptocurrency is pretty fast and it can be done by CPU, GPU and ASIC. The current supply of the cryptocurrency is 16,2 million, but the total is 17 million coins.

Skeincoin can be exchanged with some of the most popular cryptocurrencies on the market – from Bitcoin and Ethereum to Litecoin and Dodge. It can also be stored in different wallets, including Windows 32 bit and Windows 64 bit wallets.

Even better, miners can mine the cryptocurrency by using popular pools like Cryptotastic and Pool.Nosekefik. This factor make a perfect example of the blockchain technology, but this one is considered as one of the new age.

Skeincoin is interesting currency because it has slightly different weaknesses and strengths, and also different places to be traded. Therefore, the most interesting thing is the wide range of the prices.

This cryptocurrency is very legit looking by the characters that it portrays. The fact that it can be mined means that Skeincoin is controlled by the users and not by any centralized authority, making the currency pretty much impossible to be compromised.

It is beyond reasonable to thing that Skeincoin is a cryptocurrency that can be counted on and be used confidently.

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