Skale Network
What Does the Skale Network Do?
What Does the Skale Network Do? Two weeks ago, Skale Network was in the news after launching a $100 million ecosystem fund that will incenti...
Skale Network
Skale Network is a layer-2 scaling solution for the Ethereum network that enables developers to bypass congestion on the Ethereum mainnet by migrating development off the main chain and onto adjacent, Skale-administered sidechains. This allows for decentralized applications (dApps) to be deployed in a reliable, high-throughput, and cost-effective environment through the use of independent, dApp-specific Skale blockchains. SKL serves as the utility token, and developers use it to pay for fees. The token is also used for staking and governance.