A quick look at the whitepaper, and just an impression so far, but seems their network and consensus algorithm have taken some inspiration from IOTA. I'll continue researching it, but when all you have to go on are whitepapers it's kind of grueling work :)
Thanks for the heads-up, you're spot on with the trend towards low power/low consumption massively distributed "micro-miners" being the trend of the future, and certainly the only practical way to achieve a truly democratized network.
RE: SkyCoin - An Ongoing Coin Distribution Event And The Rise Of The Arms