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Rate SKALE 0,017750 USDT

Change (24h): -6,53%

Current
Marketcap

98 456 365 USD -5.25%

In stock
Volume

7 162 120 USD 2.68%

Highest rate
ATH

1,23 USD -98.56%
12-03-2021

Concept: Not mineable
Tags: Ethereum (ETH) Token (ERC-20), Layer 2 (L2), Multicoin Capital Portfolio, Gaming, Made in USA

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Description

SKALE, identified by its native token SKL, is a sophisticated multichain network engineered to provide robust scalability solutions for decentralized applications and Web3 projects. It operates as an execution layer designed to integrate seamlessly with the Ethereum blockchain, offering developers the ability to deploy highly configurable, application-specific blockchains known as SKALE Chains. These chains are EVM-compatible, ensuring that existing Ethereum-based applications and tools can be effortlessly migrated or built upon the SKALE infrastructure, addressing critical pain points like high transaction fees and slow processing speeds prevalent on many Layer 1 networks.The core innovation of SKALE lies in its unique architecture, which enables dApps to operate with near-instant finality and, notably, zero gas fees for end-users. This paradigm shift makes SKALE an attractive environment for a wide array of demanding applications, including high-throughput Web3 games, intricate decentralized finance protocols, and dynamic NFT marketplaces, where user experience is paramount. Each SKALE Chain functions as an independent, high-performance blockchain, secured by a decentralized network of validator nodes that contribute computing resources to the overall SKALE Network. This pooled security model ensures that all SKALE Chains benefit from the collective strength and decentralization of the entire network.The SKL token serves multiple essential functions within the SKALE ecosystem. It is primarily a utility token, playing a crucial role in the network's security and economic model. Validator nodes stake SKL to secure the SKALE Chains and earn rewards for their computational contributions. Similarly, delegators can stake their SKL tokens to support validators and participate in the network's security, earning a portion of the staking rewards. Beyond security, SKL is also used by developers and dApp creators to subscribe to and pay for the use of SKALE Chains, effectively covering the computational resources consumed by their applications.Furthermore, SKL holders participate in the governance of the SKALE Network, allowing them to vote on critical protocol upgrades, economic parameters, and other significant decisions that shape the future direction of the platform. By providing a scalable, gas-free, and EVM-compatible environment, SKALE aims to significantly lower the barrier to entry for developers and users alike, fostering a new generation of decentralized applications that can truly rival centralized alternatives in terms of performance and user experience. Its focus on enabling a frictionless Web3 experience positions SKALE as a foundational infrastructure for the expanding decentralized internet.

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Marketcap
  • 3 390 446 000 149 USD
  • Change: -1.06%
Volume
  • 151 976 924 937 USD
  • Change: -1.48%
Cryptocurrencies
  • All: 8 339
  • Active: 32 160
Exchanges
  • All: 1 268
  • Active: 360
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