Skeincoin was initially created by Red Kendra back in 2013. It can be compared with Bitcoin and can use all of its developments without the need of forks and mining wars. Skeincoin makes use of a different type of hashing algorithm for its 1st hashing round – Skein. This algorithm makes mining a lot easier and adaptable to various types of hardware.Skeincoin is the p2p version of digital assets. It’s keeping a mechanism that is based on the SHA3 hashing. The transactions are lightning fast and almost without any cost because this cryptocurrency follows Bitcoin's development closely and copies its best features. The original team merges with more members, and they form the Skeincoin foundation.Skeincoin integrates real-world apps and makes use of a brand new PoW algorithm which is highly secure and energy-efficient.