Shanghai, China —After two years of active development, the Skycoin Project is pleased to announce the launch of the Skywire Mainnet, a significant milestone and a crucial step toward realizing Skycoin's vision of a truly secure and decentralized Internet. The launch will roll out over two months beginning in April, giving current Skyminer operators time to upgrade to Mainnet. (A small Skycoin bonus will be awarded to those who migrate to Mainnet within the first four weeks of the launch.

CXO 2, the second generation of Skycoin's immutable object library, has reached the first development milestone toward its full launch later this year! CXO 2 represents a monumental upgrade to the previous version of CXO; it is a critical component of the Skycoin ecosystem, and forms one of the key components of the forthcoming Obelisk consensus protocol. CXO 2 is a sophisticated data sharing and storage system, enabling users to share file structures (from a single file to a whole directory tree) by means of a default file transfer application.

The initial launch of Skywire mainnet is here! The coordinated work and development from our team was a massive effort to launch all the components of Skywire mainnet. Skywire consists of multiple components that all need to work together to allow the user to encrypt and successfully route traffic to peers, while still maintaining the ability to use applications on top of Skywire. The launch involved development of the following:

Work on Skycoin began in 2011 with the merging of three separate projects that aimed to improve upon the design and implementation of Bitcoin. The Skycoin developers identified several major philosophical design issues that they saw as obstacles to global use of cryptocurrency as a censorship-resistant payment system. Skywire, the decentralized internet protocol and mesh network, was created as a solution to answer many of these problems. Skywire Mainnet is here for developers to test and help build with us.

Skycoin is in a league of its own! Fiber can be best described as an infinitely scalable network of blockchains laid side by side, like strands. This is a technological feat that Bitcoin or Ethereum will never be able to achieve, as they were never engineered to scale infinitely. Bitcoin's single blockchain can handle 6 transactions per second (TPS) and Ethereum's single blockchain can handle 30 TPS. With Fiber, each blockchain strand can currently handle 300 TPS with a target of 3000 TPS in future implementations.

We have an update for the Skycoin wallet! Version 0.24 has been released and is downloadable here. Version 0.24 comes loaded with multiple new features which will assist the Skycoin community to store and transact with SKY & Coin Hours. Among the new features is an advanced spending user interface (UI) consisting of the following features: Multi-Spend Coin Hours Sharing Previewing Transactions Multi-Spend allows the user to simultaneously send Skycoin to multiple addresses and specify the amount per address.

On May 24, 2018, Skycoin trading was formally launched on Binance. The exchange has already launched three trading pairs: SKY/BNB, SKY/ETH, and SKY/BTC. Today the Skycoin team is pleased to announce that Skycoin has entered a strategic partnership with Binance which will enable the Skycoin ecosystem applications to support the use of BNB, the Binance platform token. Skycoin will support BNB in a number of ways: 1. The Skycoin software wallet (desktop and mobile versions) and hardware wallet will support the storage and circulation of BNB.

As many skycoin holders are no doubt aware, there was a major selloff over the past two weeks, in the course of which market price levels for skycoin fell significantly. While multiple factors likely contributed to these events, recent events connected to the China marketing team have also had an impact. This impact was in part direct, but in part due to uncertainty caused by these events. In response, steps have been taken to rectify the situation and eliminate any further negative impact on the market.

We've had the current internet model available to us for 40 or more years. In that time, we've witnessed the rise of the search engine giant, Google and the ecommerce behemoth, Amazon. The Internet of Things relies, of course, on the convenience of being constantly connected to….well…the internet. In a perpetual positive feedback loop where the internet fuels the drive for more "smart" devices and their apps, the number of connected "things" is predicted to rise to over 20 billion by 2020.