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INTRODUCTION

OVERVIEW OF SKALE

UNIQUENESS OF SKALE

SKALE IS RESIZEABLE AND ADAPTABLE

NETWORK SECURITY

CREATING ELASTIC CHAINS MADE EASY

HOW SKALE IMPACTS ETEHRUM

SKALE NETWORK PARTNERS

EXCHANGES LISTING

INTRODUCTION

We have seen a lot of new and inventive products emerging from the technological industry almost day to day basis,softwares,gadgets,machines and many others are just a few of what technology has brought. These tools have proven ideal and integrated nicely into the various industries of the globe, facilitating performance as well as increasing solutions to the citizens of the world.

Meanwhile, we have seen major blockchain infrastructures developed to drive DeFi adoption with the most prominent and the oldest among them being Bitcoin and Etherum. These networks undoubtedly have contributed immensely to the decentralization required in the utilization of cryptocurrency which has eluded the financial industry for so long. Today’s crash course is centered around amplifying the performance and use case of the etherum blockchain through an elastic side chain network called SKALE.

OVERVIEW OF SKALE NETWORK

Thus is an execution layer expertly created and linked to the Etherum blockchain for project and app developers to create, run and scale their projects in a completely swift and effective manner for wide scale adoption.

The SKALE network is an elastic sort of infrastructure that accommodates other multiple blockchains, side chains and a variety of sub chains within its framework all cinneted to the parent Etherum blockchain.https://skale.network

The idea of SKALE is to function as a basis where various independent validator nodes can leverage its structure and proffer maximum security of a layer 1 blockchain while utilizing the diverse resources made available on the network very efficiently.

Let’s look at a few important areas of the SKALE network.

UNIQUENESS OF SKALE NETWORK

Skale network accelerates the attainment of high throughput and latency-free elastic sidechain is, it provides developers and other stakeholders in the network a decentralized cloud which forms the basis to achieving the objectives previously stated.

Furthermore, the elastic chain is designed to be compatible with the Etherum Virtual Machine (EVM) and offer resource properties that are decodable, the likes of high capacity storage and improved security characteristics among various others.

There is also a highly secure interchain communication within the network, this is possible because the network is run by a set of digitalized subnodes chosen from a larger bunch of nodes operating in the system. The side chains leverage the storage space and computation of the independent nodes to effectively function, moreso, interchain communication is arrived at with the innovative asynchronous byzantine fault tolerant protocol to reach consensus.

NETWORK SECURITY

The core principle of the blockchain is decentralization, this implies that it’s open to public participation, and anyone is allowed access into the system. This is why security is very essential to the network especially with users funds and assets being recorded in the network.

The SKALE network combats all possible security risks posed by adversaries by utilizing a pool validation model that is purely based on leveraging the security contributions from the many validator nodes , a random combination of tasks with rotations on the node sets, each mode is completely shielded by the entirety of the blockchain network. Check out this link for more on skale token https://skale.network/tokenomics

Also, the validator nodes are expected to stake a stipulated amount of the SKALE tokens into the market for the purpose of strengthening the network some more.

CREATING ELASTIC SIDECHAINS MADE EASY.

Do you know you can easily create elastic side chains? Well, listen up.

As a developer, you are expected to choose the chain size, parent blockchain infrastructure, virtual machine, consensus protocol and other measures that would strengthen the prospective side chain.

Configuration of the chain through a decentralized interface is the first step, followed by the presentation of payment to the network, which is done in the form of the SKALE tokens(based on size of side chain,to be created, storage as well as time frame).https://skale.network/blog/the-skale-network-primer/

Interestingly, considering that SKALE is compatible with Etherum Virtual Machine, that means that creators can still utilize those tools they used in Etherum mainnet.

RESIZABLE AND ADAPTABLE

This is a very notable aspect of the SKALE network. It has the capacity to move from its production level to a broader and high productive status. Considering that the side chain in skale can be modified or resized, chains can seamlessly migrate from small to large and also a minute, restricted transaction throughput to a design that executes up to 200 transactions in seconds as well as improved storage features.

Furthermore, SKALE proffers a simple to navigate, user friendly, cutting edge resource for users within the network to develop innovative decentralized finance game types, media and other productive applications, amazing, isn’t it? Well there’s more, let’s move to our 4th lesson.

HOW SKALE IMPACTS ETHERUM

Over the years, etherum has been in high demand, thus is owed to the fact that it functioned as an ideal protocol on which several applications that would be instrumental to drive the adoption of decentralized finance. However, things have changed within the network. To Share ideas about skale network, visit http://skale.chat

Among others, etehrum transaction fees have gone up so much in the last couple of months, imagine paying up to $10 as transaction fee for a $100 transaction, also the speed with which transactions are executed in the past has diminished so much, latency is quite high and transaction throughout is almost insignificant. https://skale.network/primer

This is why SKALE, to curb this menace which has cropped up in Etherum. This elastic side chain proffers a gasless transactions, swift commit times on chain, and an unrestricted transaction throughput. With SKALE, Etherum will be back at the top where it belongs and be exposed to other use cases within the ecosystem.

SKALE NETWORK PARTNERS

EXCHANGES LISTING

Skale network were able to list the token in some exchanges in which buying and selling can be carried on the SKL token.

As at now, SKL token is correctly trading in 13 major exchanges which are:

CONCLUSION

Creating innovative decentralized applications for a seamless usage and adotpiom of decentralized finance around the globe is one of the major reasons why the Etherum blockchain was designed, until recently, developers began to struggle with the network, transaction fees, speed of execution, throughput and finality all became quiet cumbersome to achieve.

SKALE network is helping Etherum retain its top of the chart position, with its multiple validation nodes and subnodes increase the storage capacity, network security, cost effectiveness and expand the use case of the Etherum blockchain infrastructure. For more information, visit https://skale.network/whitepaper

For more information, kindly visit the links below:

Website: https://skale.network/

Discord: https://discord.com/invite/uq3Nr6f

Telegram: https://t.me/skaleofficial

Facebook: https://www.facebook.com/SkaleNetwork/

Twitter: https://twitter.com/skalenetwork