Skycoin is a blockchain-based peer-to-peer platform run by the community. Launched by Brandon 'Synth' Smietana in 2011, the project positions itself as a secure and scalable solution which does not require a stable internet service provider to support its functionality. This hardware-based platform is striving to fully decentralize the World Wide Web with the help of Golang-written Skywire application. The project’s key goal is to introduce the next-generation blockchain-backed internet which would run on Obelisk algorithm. Obelisk effectively addresses various problems associated with PoW and PoS and thus makes the platform more resilient and credible.