SKALE (SKL) is a cryptocurrency that's part of a Layer 2 scaling solution for Ethereum, designed to bring scalability and speed to decentralized applications (dApps) ¹ ². It was founded by Jack O'Holleran and Stan Kladko, who aimed to solve Ethereum's congestion issues by creating elastic sidechains ¹. These sidechains are independent blockchain systems integrated with Ethereum, allowing developers to define specific parameters for their dApps, such as consensus protocols and security measures ².$SKL

*Key Features:*

- _Scalability_: SKALE enables fast and low-cost transactions, with up to 2,000 transactions per second per sidechain ¹.

- _Elastic Sidechains_: Developers can define custom side