SKALE Skl Price USD

SKALE is called an elastic network that is meant to make Ethereum more scalable. The goal of the decentralised project is to reduce latency and make sure that payments can be made as cheaply as possible, as well as to increase the number of transactions that can be made.

On its website, the project says it wants to let people build and run DApps in a "decentralised modular cloud built for real-world needs and configured to your needs." This focus on decentralisation doesn't mean that security is less important.

SKALE says that people who build on this platform can run Solidity smart contracts "thousands of times faster at a fraction of the mainnet cost." Games and services that stream content already use its infrastructure.

Jack O'Holleran and Stan Kladko, who both have a lot of experience in the software industry, came up with the idea for SKALE Network.

The goal of SKALE Network is to make Ethereum-based apps safer and more decentralised.

On the SKALE Network, token holders are rewarded for helping to make the platform more scalable and secure by acting as validators.

The SKALE Network was the first project to launch a token on ConsenSys Codefi's Activate platform. This platform is "designed to launch decentralised networks and allow customers to buy, manage, and use their tokens—all in one application." Activate was made to set new rules for how utility tokens are distributed and make sure that networks are ready to use as soon as tokens are sold. It is hoped that this approach will help clean up the initial coin offering market, which has been prone to scams in recent years.

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