SKALE is a modular layer-1 network built to enhance the Ethereum ecosystem by providing a network of high-throughput, low-latency, and zero gas fee blockchains known as SKALE Chains. These chains are EVM-compatible and designed to scale decentralized applications (dApps) efficiently. The SKL token serves as the utility token for the network, used for staking by validators who secure the network and earn rewards, for developers to pay for the subscription-based rental of SKALE Chains, and for governance, allowing staked token holders to participate in decisions that shape the network’s future.
What is Skale (SKL)?
Discover the key facts about Skale (SKL).
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Looking for more resources?
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
