About SKALE (SKL)
SKALE is a modular blockchain network designed to improve Ethereum's scalability. It provides support for an array of fast, on-demand blockchains, termed SKALE chains, which cater to both individual dApps and collective use. These chains operate with pooled security and maintain zero gas fees for users. SKALE's design as a decentralized modular cloud allows it to serve real-world needs while maintaining a focus on decentralized application development without sacrificing security. This enables developers to run Solidity smart contracts more effectively than on Ethereum's mainnet, a feature deemed particularly advantageous for sectors requiring high transaction speeds, like gaming and content streaming.
The architecture of SKALE addresses critical issues in Ethereum, such as scalability challenges and variable gas fees. Its structure supports an expandable network capacity, increasing as new nodes join, thereby enhancing throughput and computational power. Unique in its security approach, SKALE allows each node to function across multiple chains, boosting efficiency. Capable of processing up to 2,000 transactions per second on each SKALE chain, the network offers a robust solution for dApp developers seeking efficient and cost-effective blockchain infrastructure.
The SKALE token (SKL) is integral to the network's functionality, serving as a key to validating and securing operations, as well as enabling developers to access network resources. It also facilitates network governance, allowing token holders to participate in vital decision-making processes.
The live price of SKL is available and updated in real time on Binance.