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SKALE is an innovative, open-source blockchain network designed to enhance the scalability of Ethereum-based applications. It was co-founded by Jack O’Holleran and Stan Kladko and launched in 2019. SKALE functions as a flexible and decentralised elastic blockchain network that optimizes Ethereum by reducing latency and costs. It achieves high throughput, enabling dApp developers to operate faster while maintaining decentralisation and security. The network utilizes a unique layer-2 scaling solution characterized by interchain messaging and sidechains that are configurable to meet specific needs. SKALE's native token, SKL, powers the ecosystem by facilitating payments, governance, and serving as collateral for securing these sidechains, thereby ensuring optimal performance for users and developers alike.
