About SKALE (SKL)
SKALE Network is an Ethereum scaling solution that aims to reduce delays and costs of base layer transactions. It is a network of customizable, application-specific blockchains on which developers can easily deploy decentralized applications.
Developers effectively rent the computational resources required to achieve consensus on each of these smaller blockchains from the SKALE Network itself. Rewards in the cryptocurrency SKALE — also known by the ticker symbol SKL — incentivize stakers to commit computing power. This forms a large pool of validators, which are assigned to each of the network's "elastic blockchains."
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