SKALE Network (SKL)

Skale is an open-source, decentralized network that enables the development of blockchains and decentralized applications (dapps) on the Ethereum network. The project is on a mission to empower developers to create their own blockchains that can seamlessly interact with the entire Ethereum ecosystem while avoiding Ethereum’s gas fees and solving scaling challenges.

Strategic Round: $17.1 Million

Whitepaper

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What is SKALE Network

The SKALE Network is a security and execution layer that connects with the Ethereum network and aims to let developers build their projects faster and with better performance. The network is an elastic and decentralized blockchain network that aims to support thousands of independent blockchains, sidechains, storage chains, and other types of subchains – all tied to the Ethereum public mainnet and fully compatible with the entire Ethereum ecosystem.

The SKALE Network token ($SKL), is a hybrid use token which represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources by deploying and renting an Elastic Sidechain or Elastic Blockchain for a period of time as a developer.