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SKALE Network is a web of elastic blockchains built to optimise scalability and improve user-experience for decentralised applications.
SKALE Network is a Delegated Proof-of-Stake (DPoS) network, utilizing a type of Asynchronous Binary Byzantine Agreement (ABBA) consensus mechanism.
SKL is SKALE Networkβs ERC-777 native utility token and has the following use cases:
Network Security and Staking: SKL token holders can stake and delegate SKL tokens to validators who run nodes that make the SKALE Network function by validating blocks, executing smart contracts, and securing the network.
Payments: developers can purchase subscription access to elastic blockchains (S-chains) using SKL tokens.
Governance: SKL tokens will be used for on-chain voting, which controls all economic parameters of the SKALE Network.
@CryptoTrades #skl #skale #cryptocurrencyeducation #altcoins
SKALE Network is a web of elastic blockchains built to optimise scalability and improve user-experience for decentralised applications.
SKALE Network is a Delegated Proof-of-Stake (DPoS) network, utilizing a type of Asynchronous Binary Byzantine Agreement (ABBA) consensus mechanism.
SKL is SKALE Networkβs ERC-777 native utility token and has the following use cases:
Network Security and Staking: SKL token holders can stake and delegate SKL tokens to validators who run nodes that make the SKALE Network function by validating blocks, executing smart contracts, and securing the network.
Payments: developers can purchase subscription access to elastic blockchains (S-chains) using SKL tokens.
Governance: SKL tokens will be used for on-chain voting, which controls all economic parameters of the SKALE Network.
@CryptoTrades #skl #skale #cryptocurrencyeducation #altcoins