SkyCoin is a platform which offers mining-reward elimination, energy-efficiency customizable hardware, and attractive transaction speed. The goal is to establish a secure private Internet option.SkyCoin gives its users the possibility of a free, decentralized payment option, allowing global remittance. The platform invents a revolutionary scalable protocol introducing people to the next generation of decentralized apps and services.To ensure reliability, users receive a secondary backup currency called Coin Hours. Users hold onto the SkyCoin to accumulate Coin Hour tokens, which are used as a payment method for service and function transfers within the ecosystem. Coin Hours can also be exchanged for SkyCoins using a specific program, which ‘’burns’’ them to produce scarcity.