Introduction

Utilities of Cryptocurrency

Cryptocurrency has been used to solve varying challenges in the past such as allowing users to send data in a decentralized and transparent way without the involvement of external bodies and 3rd Parties. Cryptocurrency has also been widely adopted because of the nonexistent need for an intermediary (such as a financial institution) that makes the cost of transactions ridiculous. In the same way, Skate seeks to leverage the advantages of cryptocurrency and blockchain technology to give back to society in a way that has not been fully exploited.