The monetary systems and technology behind it is really growing at a rapid rate, in memory of barter system to a digital globe of virtual currencies. However, this evolution of the monetary system keeps going wide as new tech accomplishment is unveiled on often basis.
In 2008, announces the birth of cryptocurrency unveiling bitcoin as its first. This was like a bubble at first, but on a long run it was a reliever to the financial industries. Bitcoin has really helped, at same time caused so much troubles to the community.
Then 2018, announces the birth of encrypcurrency unveiling Skipjack. This might sound like a bubble at first, but in no time, it would be a far more reliever. However, Skipjack was created from the weakness of bitcoin with or far more sophisticated technology. I already published an article detailing skipjack, so I advise you go through it.
Skipjack dime Encrypcurrency VS Bitcoin Cryptocurrency
- Skipjack dime is a centralized currency, but bitcoin is decentralized. Skipjack being centralized already tells that it would be regulated by regulators. This is a good thing, as to avoid fraud in the system. Bitcoin decentralization has really caused lot of pain in the financial industry by increasing crime rate and also altering anonymous transactions. Drug dealers, cybercriminals, assassins and others have used this as a medium of payment because they know their identity remains hidden. Skipjack dime is here for a different purpose, it’s come to create a healthy relationship with the financial industry and government, thereby being centralized and implemented KYC policies.
- Bitcoin is a very unstable currency and no underlying assets, however, there is much bubble due to multiple cryptocurrencies but in the case of skipjack, it would be the only encrypcurrency (no bubble) and it would of cause be very stable. In terms of bitcoin instability, this has really caused lot of panic, FUD and FOMO in its market, but it won’t be same for that of skipjack, it would bring a more stable market.
- Bitcoin (crypto) medium of exchange makes use of cryptography to secure its transactions, control creation of additional units and verify transfer of assets but Skipjack dime medium of exchange makes use of skipjack encryption algorithm to secure its transactions, control creation of additional units and verify transfer of assets.
- Bitcoin mining using video cards and questionable but clipper chipset from US NSA approved military chipset is potential of minting skipjack. This is proven as the most secured protocol used by US military since 1980.
- When you talk about bitcoin, terms like blockchain, decentralization, hash protocol and data currency are common, but in skipjack, we talk about voice – data currency support, new MAC protocol, centralized electronic money FCN as central bank and superencryp is made known.
Skipjack, making use of the superencryp block technology makes it far more effective compared to bitcoin in transactions. Bitcoin rise if value with lower transaction speed has caused so much bubble in price during transfer. For instance, client “A” sends $20,000 to client “B”, on getting to client “B”, due to instability of bitcoin price every seconds, it may lead to increase or decrease of value in client “B” wallet. This is another weakness of bitcoin I failed to mention above, but you see it now. Skipjack is here to correct that with a faster transaction speed, 100,000 times faster than that of bitcoin and far more secured.