According to Odaily, LayerZero Labs has announced the launch of its open-source Ethereum scaling network, SKALE, on platform X. The network, which operates on a blockchain-as-a-service subscription model, offers zero gas fees. Developers within the SKALE ecosystem can now seamlessly connect to over 70 other chains through LayerZero.
The launch of SKALE by LayerZero Labs represents a significant step in the expansion of the Ethereum network. By providing a zero gas fee service, the network aims to make transactions more efficient and cost-effective. The ability for SKALE ecosystem developers to connect with multiple other chains through LayerZero also enhances interoperability within the blockchain space.
This development is expected to have a substantial impact on the blockchain industry, potentially leading to increased adoption of Ethereum-based applications. The open-source nature of the SKALE network also promotes transparency and collaboration among developers, further driving innovation in the sector.