Skycoin (SKY) represents an open-source, community-driven, hardware-oriented peer-to-peer internet system that capitalizes on the incentive framework of blockchain technology. Described by the project team as "fully secure, infinitely scalable, and independent of Internet Service Providers (ISPs)," Skycoin's platform is engineered using Golang and operates on the Obelisk consensus algorithm. Prioritizing security, user-friendliness, and accessibility, Skycoin employs Obelisk, which operates on the principles of 'web of trust dynamics.' This model bases consensus decisions on the influence score of each node. Each node selectively subscribes to a set number of other network nodes, and the density of its network of subscribers determines its influence within the network. Skycoin's flagship application, Skywire, seeks to decentralize the internet starting at the hardware level. Beyond merely decentralizing bandwidth, Skywire's ambitions encompass providing decentralized storage and computation capabilities.