Skynet

November 21, 2023 - Around 2 mins mins to read

What Is Skynet?

Skynet is a decentralized storage protocol developed on the Sia blockchain, designed to simplify content delivery and file sharing over the internet. It serves as an alternative infrastructure for the internet.

To fully grasp the concept of Skynet, it is essential to understand Sia and its functionality. Sia is a blockchain platform that enables users to lend a portion of their hard drives, allowing other users to rent this space for storing encrypted data. This approach gives users complete control over their data, with the payment for the storage space being made using Siacoins (SC), the native token of Sia.

Nebulous, the parent company of Sia, owns and operates the platform. Siacoin utilizes the Proof of Work (PoW) algorithm and can be mined. Additionally, it is an open-source project. However, Nebulous charges a small commission from lenders and borrowers when they enter into a storage contract.

Skynet is built on the principle of empowering users to have control over their data, rather than relying on third-party corporations.

Similar to the internet, Skynet primarily operates through web applications. Users can access and utilize various web-based services provided by Skynet, including social media sites, desktop apps, storage apps, and mobile apps, through a web browser.

What Makes Skynet Unique?

At its core, Skynet liberates users from centralized servers. In the traditional web, website owners are obligated to host their websites on servers controlled by themselves. Skynet, being decentralized, grants users full authority over their data.

Skynet offers benefits to both developers and users by enabling them to participate in Web3. Developers can host their applications without incurring hosting costs, maintain a failover site, and prevent corporations from accessing their resources.

Users can enjoy complete control over their data and have an ad-free web experience.

Skynet is still in its early stages, and its long-term success will depend on the response it receives from the audience.