As the new cryptocurrency bull market begins, emerging blockchain projects are once again searching for the best platform on which to launch an ICO (Initial Coin Offering). The first choice that often springs to mind is Ethereum, a platform that was used to launch countless ICOs during the 2017 bull run.

But technology evolves quickly in the blockchain industry, and Ethereum is looking increasingly dated compared to faster, cheaper and more scalable solutions like Skycoin Fiber.

Skycoin Fiber is a highly flexible plug-and-play blockchain platform that enables projects to quickly launch their own customized cryptocurrencies.

Amid much fanfare, Facebook this week revealed the details of its new digital currency.

The coin, officially called Libra, has also been acerbically dubbed GlobalCoin, CIA Coin, Illuminati Coin, and ZuckBux by members of the cryptocurrency community. That’s because, despite Mark Zuckerberg’s claims, Libra is not a real cryptocurrency.

Libra fulfills none of the characteristics traditionally expected from a cryptocurrency. It’s not private. You don’t have control over your own coins. It’s not a non-inflationary store of value. It’s not censorship resistant. And it’s not even built upon blockchain technology.

So let’s compare Libra to a real cryptocurrency like Skycoin.

Hypermedia refers to a non-liner collection of information such as video, audio, text, graphics and other files. The World Wide Web is the definitive example of hypermedia.

But the way in which media is stored on the Web today is beset by three major drawbacks — it’s inefficient, unreliable, and hazardous.

1. It’s inefficient because data is hosted on centralized servers. If 100 users in Tokyo wish to view a video on a server in London, the data is sent between London and Tokyo 100 times, consuming costly international bandwidth and introducing latency for every user.
   
   
2. It’s unreliable because servers can be shut down (by the owners, hackers, or governments), networks can experience congestion, and service providers can go out of business, rendering data unavailable.
   
   
3. It’s hazardous because files can be surreptitiously modified and tampered with. The contents can be changed, or malware injected without a user’s knowledge.
   
   

To overcome these issues, Skycoin developed the CXO immutable objects system — a secure, distributed, next-generation peer-to-peer data storage and file-sharing service.

This is a selection of infographics created by the Skycoin community. These images help to simplify the Skycoin platform and describe the complex interactions between the many components of the Skycoin ecosystem.