SKALE Network

Key Technical Advantages:

Decentralized, Configurable Network of On-Demand Blockchains: SKALE Network is designed as a decentralized, highly configurable network of on-demand blockchains. These are designed to support high-throughput, low-cost, and low-latency transactions. These blockchains are EVM-compatible, storage-enabled, and are intended to be secure, leveraging a byzantine fault tolerant protocol. Elastic Sidechains: The primary use for these blockchains is to act as Ethereum-compatible elastic sidechains. Each of these sidechains is configurable and consists of nodes that stake SKL tokens on the Ethereum mainnet. The sidechains operate through a group of virtualized subnodes, allowing users to select the size, consensus protocol, virtual machine, parent blockchain, and other security measures of their chain. SKALE Token and Node Participation: The SKALE token acts as a work and usage token in the network. Nodes must stake a predetermined amount of SKALE tokens on the Ethereum mainnet via the SKALE Manager to participate. Once a node joins the network, 24 peer nodes audit its uptime and latency, which affect the node's rewards for participating in the network. EVM Compatibility and Enhanced Gas Limit: SKALE's EVM compatibility allows developers to deploy existing Ethereum-based smart contracts directly to the sidechains. An increased gas limit enables more extensive use of smart contracts that previously couldn't run cost-effectively on the Ethereum mainnet. Each Elastic Sidechain deploys with a FileStorage smart contract, enabling the storage of large files (up to 100MB) on nodes in the network. Interoperability and Future Support: Initially supporting the Ethereum Blockchain, the SKALE Network is designed with the intent to support other Security Layer blockchains over time. This will enable the SKALE Network to serve as an execution and interoperability layer between different decentralized technologies, extending the network's functionality and use cases. The SKALE Manager on Ethereum manages the orchestration of all entities within the network, including Elastic Sidechain creation and destruction, Node creation and destruction, withdrawals, and bounties. Content summarized by AI chatbot

Source:

https://skale.space/docs/?utm_medium=website&utm_source=coinmarketcap&utm_campaign=skalepage