Skycoin is a third generation cryptocurrency. The Skycoin project is a long term infrastructure project that began around the time Litecoin was launched. Skycoin is designed a successor to Bitcoin.Skycoin is focused on implementing Satoshi's original vision for a cryptocurrency. Satoshi originally intended the Bitcoin network to be decentralized, over hundreds of thousands of computers. Today, the Bitcoin network is completely controlled by three mining pools. Bitcoin is no longer decentralized. Skycoin Project has developed a new consensus algorithm to achieve true decentralization.In addition to fixing the outstanding technical issues with Bitcoin, the Skycoin Project is implementing a new next generation of foundational networking, storage and application primitives (a new internet). We believe that "blockchain" is just one of several new mathematical and algorithmic primitives, which will underly the foundation of the successor to the current internet.