SKALE (SKL) is known as an open source Blockchain Protocol with the aim of establishing high-performance sidechains to launch Smart Contracts quickly and easily. Unlike Layer 1 and Layer 2 networks, the SKALE architecture is built to support an ever-expanding set of blockchains for dApps. The main network that SKALE uses is Ethereum with the function of managing and coordinating the activities of important platforms. From there, SKALE enhances the overall transparency and security of the network.
Simply put, SKALE launches the dApp on a rapidly scalable blockchain. Then, SKALE is made available exclusively for the dApp and the user's ecosystem. Participants do not have to worry about gas fees nor connections to the Ethereum Mainnet. At the same time, access to the decentralized storage platform, website server, and messaging are all on the same chain.
SKALE Network is a project born not to replace Ethereum, but to solve the limitations of this platform's scalability. The protocol leverages Ethereum in the process of building Smart Contracts.
Through compatibility with Ethereum, developers can easily build and migrate Smart Contracts from the Ethereum network to SKALE. At the same time, the construction fee on SKALE is also optimized to be cheaper while still taking advantage of the features provided from Ethereum.
SKALE's ecosystem is made up of 2 main parts: SKALE Nodes and SKALE Manager.
SKALE Nodes have the role of deleting, creating new Virtualized Subnodes, coordinating Node interactions with SKALE Manager. The structure of SKALE Nodes consists of many Virtualized Subnodes (Node computing power) that integrate Node Cores.
Virtualized Subnodes will work with many different Elastic sidechains and are arranged randomly. Elastic sidechains are EVM compatible, allowing users to deploy Smart Contracts easily and ensure security. From there, users participating in SKALE can freely choose Elastic sidechain configurations.
SKALE Manager is located in the Ethereum network. The task of SKALE Manager is to manage the work related to Smart Contract.
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We found 5 people related to skl-skale-network, include CEO Jack O'Holleran
We found 10 organizations related to SKALE has RocTree Capital, Hashed, Canaan Partners, Blockchange Ventures, Multicoin Capital, Galaxy Investment Partners, SKALE Labs, Arrington XRP Capital, NGC Ventures, Winklevoss Capital
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