What is SKALE Network?
SKALE Network based on Ethereum Blockchain that aim to build blockchain with limitless speed and capacity. SKALE wanted improve speed and user experience without losing security and privacy of the decentralized network. however, network can help million of decentralized application to work seamlessly and securely. However, network believes that addition of nodes will only improve security but it does not help in performance scale. However, SKALE has introduced horizontal scaling in the network that will focus speed and security simultaneously.
SKALE is interoperable with Ethereum and network can be term as web of elastic blockchain network. word elastic describes its customization and configurable ability will benefit developers, as network takes benefit of decentralization without loss of computation storage and security. In simple words, SKALE will help developer to run their Ethereum application with lower cost and better performance. as their main focus will to have application friendly blockchain that can easily connect Ethereum network with more security.
SKALE network having capacity of executing 2000+ transaction per second on each chain. in order to increase throughput network linear support thousand of independent blockchain aka elastic side chains. SKALE network uses Delegated Proof of Stake network along with that it also adopting Asynchronous Binary Byzantine Agreement consensus algorithm.
SKALE Price Prediction
|Month & Year||SKL Price Prediction|
SKALE Network Overview
|Project name||SKALE Network|
|Based on||Ethereum network|
|All-time high||$0.16 USD|
|Exchange Platform||Binance, Huobi Global, MXC, Uniswap, Hoo, Gate.io, 1inch Exchange, Bilaxy|
SKL ICO Overview
|Raised by||$5,250,000 USD|
|Date of ICO||5th September 2020|
|ICO Price||$0.03 USD|
|Partners||Hashed, Figment Network, BoostVC, Wiklevoss, Galaxy, Staked, chorun, BisonTrails, certus.one, Chainflow, stake.fish, NGC ventures.|
SKL Price Analysis
SKL is native token of SKALE network that can be use in staking, validator, or holding SKL token can gives access for deploying or buying elastic sidechain of network. SKL get huge boost after listed on top trading platform, as early buyer who purchased SKL at $0.03 in ICO already earned 3x return. However, SKL expected to reach $1 USD till end of 2021 and so buying at $0.10 will be great move. However, developer need to purchase SKALE token for subscription fees for accessing chain. SKL will not be using ERC-20 standard as with ERC-777 standard token will support delegation on the token level. However, using ERC-777 will eliminate process of sending delegation smart contract. SKL worth still depend on demand of SKALE network subscription and number of deployed decentralized application on sidechain.
How Much SKL Token Worth in 2030?
Probably very close to reach $10 USD.
Is SKALE Crypto a Good Investment?
Looking at rise of decentralized application and SKALE somehow manage to become Ethereum as a Service then SKL will be good investment.
SKALE network has developed by founder of multiple Silicon Valley that include IncentAlign and Akanta. However, this companies belong top technologies such as AI, enterprise, Machin learning and analytics platform. Project co-founder was working on blockchain and decentralization and also investing in crypto since 2013. SKALE as name suggest it can become one the best decentralized application builder in the market. However, it simply accelerates dapp development and with new features. as SKALE already enter into top 300 crypto list and have potential to jumped into top 100 list.