Greetings Friends;
Everything in life has an essence and following this line of thought we can bring to the crypto world where the adoption and empathy with a project goes beyond a simple image or technological promise. Yes my friends, if each one observes the existing projects everyone will see that the valuation of each one and no matter the value, goes beyond the basic concepts and reaches the abstract concept that in this case is the essence. After all, why invest in a digital asset if you don't own it physically? Why invest in an accumulation of bits? I'll let you reflect... So it's with this introduction that I will write about Skydoge a project that serves as incentives to the world of memes but that really delivers something significant that is based on its technology and practical daily use. So we can conclude in this introduction that Skydoge was born to solve the problems of flexibility, agility, flow in the blocks and all this with extremely low fees attracting even more a diverse audience ranging from a child who sympathizes with the astronaut dog to large investors who will find in Skydoge a gateway to simple solutions through a practical and versatile ecosystem.
We must also understand that over the years technologies are meeting, resulting in excellent projects as in the case of Skydoge that works efficiently in the First layer and second layer, delivering through its blockchain everything that the future of Web3 promise.
Below I will describe the project, its practicality and functionality.
What is Skydoge?
Bringing with it the symbol of decentralization Skydoge is a cryptocurrency project aiming to add value to society through a lasting ecosystem beyond what I mentioned in the introduction as practical and versatile. Bringing back the magic feeling of P2P is the mission of this project and you should not miss it. In practice its functionality is summarized in the Bitcoin code for the consensus layer using Drivechain as a proposal for its second layer. And what is Drivechain? We can summarize that it's the key that allows Bitcoin to create, delete and send Bitcoin and receive Bitcoin from Layer 2 where they are called Sidechains. And what is Sidechains? Are altcoins that do not have a native backing or a native currency, forcing the sending of Bitcoin in the first place.
What do we gain with this technology and improvement?
First, we gain time and connection to the present where the project will not need to redo or migrate to a blockchain designed for this type of technology that in the future will be essential in the functionality and practice of Web3 where in practice everything will be connected. So this technology and improvement will be essential in due course. Turning now to practical use, everyone will benefit from the Skydoge project, including miners who will enjoy low bandwidth and high latency in blocks(Reduced blocks). All of these innovations allow for the creation of sidechains in the second layer where it becomes important for miners, connecting improvements and innovations in BitDNS, expanding the use of the project, and scaling it up for global adoption.
As part of the basic structure that strengthens the security of the network and the project I cannot forget to mention the CoinNews technology realized with OP_RETURN, which is used to enable decentralized messages sent through the blockchain via simple everyday transactions. Bringing this back into practice and with the reduction of the blocks we can conclude again that the costs or rather the fees will be influenced in the positive sense of the continued use and also of the decentralization.
Skydoge beyond a meme project?
The answer is yes again because if you have read or read my articles you will notice that I do not usually emphasize technical terms in order not to complicate the abstract understanding that I pass on. However, as Skydoge carries the symbolism of the Doge, we cannot understand the project as just a source of accumulation of value and meme. The Skydoge project can indeed be used for this purpose but as a source of adoption and interaction of different audiences but we can not forget in its technology that revolutionizes its use for mining and daily use.
Crossing the impossible...
Now again I ask you? Is Skydoge a project that is projecting technology from the past into the present and the future? That's right?
When I mention the idea of Web3 with the project I'm referring to the possibility of mining differently, spending less or even connecting to possible blockchains for this purpose on Web3 itself. We cannot be innocent and think that this separate market of tokens and coins will remain forever. I believe that in the near future all blockchains of every variation of layer or technology will connect. So staying out will cause a significant delay. So it's recommended that all projects update and seek to be part of a larger connection. Another interesting point is that Skydoge carries the astronaut dog with him, which reminds him of exploration and the search for something that goes beyond normality.
Skydoge Specifications:
Coin
Name: Skydoge
Symbol: SKYDOGE
Algo: Skydoge
Circulation supply: 23.4B
Total Supply: 210 Billion
Exchange
Txbit(Coming Soon)
Conclusion
My goal in this article is not to explore the Skydoge project in a technical way, much less to leave a simple message. My real intention is to show that it's possible to use something simple that everyone sympathizes with for the benefit of a better society. In my opinion, when proposing a better and efficient technology, the project should be studied and analyzed. In general, I hope you wake up and find the potential that I found in this project, because from the moment that a project seeks to expand its blockchain into other layers is something that should be evaluated.
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