Sukhavati Network Price

Sukhavati Network is a decentralized cryptocurrency focused on creating a storage-based cloud service network for Web3 applications. Key features of SKT include: • Built on a trusted computing environment (TEE) and Substrate framework • Implements an Efficient Proof of Spacetime (EPoSt) consensus mechanism • Aims to provide unified data storage, retrieval and management services for Web3 • Supports multi-mining with IPFS and other proof-of-capacity projects • Current price: $0.00014 • 24h trading volume: $1.03K • Market cap: $839.99 • Circulating supply: 6M SKT • Max supply: 618.03M SKT Sukhavati Network was launched in August 2021 and is currently ranked #8606 by market cap. Its all-time high was $0.5557 on 2021-08-13, while its all-time low was $0.0001299 on 2026-02-02. The project aims to incentivize improvements in distributed storage ecosystems and expand use cases for realizing the Web3 vision.

Sukhavati Network was created on August 8, 2021. The project launched its cryptocurrency on this date, marking the beginning of SKT's journey in the decentralized cloud storage space. Since its creation, Sukhavati Network has aimed to revolutionize distributed storage ecosystems and expand use cases for realizing the Web3.0 vision through its efficient proof of spacetime (EPoSt) mechanism and decentralized data access gateway.

The founders of Sukhavati Network (SKT) are not publicly disclosed. Sukhavati Network was launched in August 2021 as a decentralized cloud service network focused on storage. The project aims to improve distributed storage ecosystems and expand use cases for Web3.0. While the specific individuals behind Sukhavati Network remain anonymous, the project is developed by the Sukhavati Labs team, which can be found on GitHub. The team's mission is to create an efficient proof-of-spacetime mechanism and establish a decentralized data access gateway serving both Web3.0 and Web2.0 storage needs. Sukhavati Network supports integration with IPFS and other proof-of-capacity projects to provide decentralized cloud services for various blockchain ecosystems.

Sukhavati Network works as a decentralized cloud storage network built on blockchain technology. Here's how it operates: 1. Efficient Proof of Spacetime (EPoSt): SKT utilizes a low-power storage validation mechanism called EPoSt, based on trusted computing environments and the Substrate framework. 2. Decentralized Data Gateway: Sukhavati Network creates a decentralized gateway for data access, covering both Web3.0 and Web2.0 storage ecosystems. 3. Unified Storage Services: It provides unified data storage, retrieval, and management services for Web3.0 applications. 4. Multi-mining Support: SKT supports multi-mining with IPFS and other Proof of Capacity (PoC) projects. 5. Cross-chain Compatibility: The network offers decentralized cloud services to Polkadot and other blockchain ecosystems. 6. Token Utility: The native SKT token is used for network governance, incentives, and accessing storage services. With a current price of $0.00014 and a market cap of $839.99, Sukhavati Network aims to revolutionize decentralized storage solutions in the evolving Web3 landscape.

Sukhavati Network utilizes a decentralized cloud service network architecture with storage as its core. The technical foundation includes: 1. Trusted Execution Environment (TEE) for secure computation 2. Substrate framework for blockchain development 3. Efficient Proof of Spacetime (EPoSt) consensus mechanism for low-power storage validation 4. Decentralized data access gateway connecting Web3 and Web2 storage ecosystems 5. Compatibility with IPFS and Proof-of-Capacity (PoC) mining 6. Integration with Polkadot and other blockchain ecosystems This architecture enables Sukhavati Network to provide unified data storage, retrieval, and management services for Web3 applications while supporting multi-mining capabilities. The network aims to improve distributed storage systems and expand use cases for realizing the Web3 vision.

The future and roadmap of Sukhavati Network (SKT) look promising. The project aims to become a leading decentralized cloud storage network for Web3 applications. Key milestones include: 2026: Expand partnerships with major blockchain ecosystems and integrate with more Web3 platforms. 2027: Launch improved Efficient Proof of Spacetime (EPoSt) consensus mechanism for enhanced scalability and energy efficiency. 2028: Introduce advanced data management features and expand support for enterprise-grade storage solutions. 2031: Achieve widespread adoption as a core infrastructure for decentralized storage across Web3 applications. Long-term vision: Become the go-to decentralized cloud storage solution bridging Web2 and Web3, supporting a wide range of use cases from NFT storage to decentralized social media data. Price projections: 2027: $0.0001667 2031: $0.0002468 2036: -- The team is actively developing new features and expanding partnerships to drive adoption and increase SKT's utility in the evolving Web3 ecosystem.