SKL (Skale Network) is a cryptocurrency token that powers the Skale Network, a decentralized, open-source platform for building and deploying scalable, secure, and decentralized applications (dApps).$SKL
Key Features:
1. Scalability: Supports thousands of transactions per second.
2. Security: Utilizes a combination of Proof-of-Stake (PoS) and Byzantine Fault Tolerance (BFT) algorithms.
3. Decentralization: Enables decentralized application deployment.
4. Elastic Sidechains: Allows for flexible and scalable sidechain creation.
Token Details:
- Token Name: Skale Network
- Token Symbol: SKL
- Blockchain: Ethereum (ERC-777 token)
- Consensus Algorithm