Bitcoin is the best?

Which cryptocurrency will be the best?

Published in

Skelpy

4 min readMar 4, 2019

Cryptocurrencies speak to a mind-boggling set of technology, however beginning is often overwhelming. Buying and selling can in any case be a tedious and hectic procedure, and after that, there is the challenge of guarding your funds. Moving funds around and building a diversified portfolio of cryptocurrencies represents another set of obstacles. Skelpy removes the cerebral pain from these steps with a safe, easy to understand digital wallet and advanced certified decentralized blockchain platform.

In year 2009, when bitcoin was first introduced, there was only one way to use it. It was required to install software that would connect your computer to others in network and then one need to download the blockchain and interact with request. However, as of now only few people use bitcoin this way, as the size of blockchain has reached to 170 GB it required a lot of storage and bandwidth to run complete node, which is not possible for everyone.

Signal the proliferation of ‘lite’ and Smartphone applications that interface with the system and enable you to hold your own private keys, however don’t require a full blockchain download. These are extraordinary for accessing to bitcoins whenever, and they’re good compromise, however they have their confinements as well.

Firstly, you can typically only manage one currency at a time, so you’ll need to download many different apps if you want to hold several currencies. Secondly, there are several steps involved in moving money between different currencies — sending to an exchange, making the trade, and withdrawing to a new wallet, waiting for confirmations along the way. You will also need to back up your private keys safely since if your phone or laptop is lost or damaged, your coins are gone. There’s

Right off the bat, only one currency can be managed at a time, so you’ll have to download various applications on the off chance that you need to hold different currencies. You will likewise need to back up your private keys securely since if your device or PC is lost or harmed, your coins are no more. There’s a certain technical overhead to all of this and you cannot afford to get it wrong.

The Rise of certified Decentralized Blockchain

The goal of the Skelpy project is to create a completely decentralized and transparent blockchain in which all portfolios have a certified digital identity. Skelpy is a blockchain wallet where users need to go through the certification process. You need to submit the required information and documents to get skelpy wallet. Then the documents will be checked and approved by skelpy system, once approved the documents will be linked with your wallet. And You will became a verified member of Skelpy network.

The SkelpySystem is the decentralized platform that allows the certification and recognition of portfolios within the Skelpy circuit. Through this system it will be possible to recognize the subjects involved in the transactions. The portfolios will be recognized at the discretion of the legitimate owner who will decide the visibility of their portfolio.

The skelpysystem allows the certification of portfolio’s within its own network, Through skelpy’s system it is possible to see the subjects involved in the transaction and its solely up to user whether he want to keep his identity anonymous or can make it publically visible. The visibility levels of portfolio are further divided into 3 parts i.e-

1. Public

2. Private

3. Solo

Public visibility level allows the wallet to be visible to all the registered users of skelpy network without any recognition, while private level visibility allows only authorized users to see the subject only after the acceptance of recognition request sent from applicant to the owner. The solo visibility level allows visibility of their wallet privately and only limited information can be seen that with approval of owner only.