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Skycoin
China
04 Jan 2012 (13 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Skycoin
Company Information
Get to know Skycoin
It’s the result of years of research and development by the Skycoin Project, a dedicated team of developers, entrepreneurs and cryptocurrency architects. It’s no secret that both Proof of Work (PoW) and Proof of Stake (PoS) algorithms are flawed. Bitcoin’s corrupt mining system is the direct outcome of these algorithms. Skycoin, by contrast, achieves network consensus through a web-of-trust mechanism. Network nodes gain influence through trust, while malicious nodes lose influence. There is no mining system. Skycoin is maximally secure and protected from 51% attack.
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