SKALE (SKL): Scaling Blockchains Linearly With Zero Gas Fees

As cryptocurrency becomes an essential part of everyday life, the problem of scalability becomes more of an issue. Technology that works perfectly for small numbers of users may completely collapse when it has to handle thousands of transactions at once. The SKALE network hopes to solve this problem. When used correctly, SKALE has the potential to change the way congestion is handled on the Ethereum network.

What Is SKALE?

SKALE is a blockchain network that solves the scaling problem common on Ethereum-compatible blockchains by creating elastic sidechains that decentralized applications (DApps) can use to run transactions.

The SKALE network offers a complex blend of various features and services. To understand what it is, you have to take a look at its overall purpose. This scaling solution essentially provides Ethereum functionality for DApps without having to operate the slow and pricey main chain. The SKALE ecosystem is made up of a variety of interconnected services, blockchains and even cryptocurrencies. SKALE partners with a variety of DeFi services, including NFTs and DApps. It also has its own native cryptocurrency called SKL.

There are a lot of different working parts within the network, but the main component overall is elastic sidechains. These are independent blockchains that users can adjust to fit their specific needs. Developers can adjust these sidechains to suit various protocols, specifications, sizes and virtual machines. These SKALE sidechains can then bridge with the main Ethereum chain, or connect with each other.