SKALE Network

About

The SKALE Network is a Layer-2 Ethereum sidechain network designed to enhance the scalability and performance of decentralized applications (dApps). It achieves this by creating an environment of high-throughput, low-latency, and low-cost elastic sidechains that are fully compatible with the Ethereum ecosystem. Developers can configure these sidechains to suit their specific needs, selecting parameters such as chain size, consensus protocol, virtual machine, and security measures. This flexibility allows for the efficient deployment of dApps without compromising on security or decentralization. SKALE's architecture utilizes a network of decentralized nodes and virtualized subnodes, leveraging containerization and BLS threshold signatures for secure interchain communication. The network supports thousands of independent blockchains, each benefiting from the pooled security of the entire network. SKALE's native token, SKL, is used for staking, governance, and paying for network resources. Additionally, SKALE offers zero gas fees through its sFUEL token, enhancing user experience and facilitating scalable dApp development. The network's open-source and decentralized nature ensures community involvement and governance.