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0.03081000USDT
-2.78%
$0.03081000฿0.00000046Volume(24H)$11,008.51
Today
Low:0.03093090
High:0.03323020
Yesterday
Low:0.03061000
High:0.03236000

Market information

Market Cap $158,893,220.64
Global Volume(24H)$18,278,463.62
All-Time Low$0.01362500
All-Time High$1.0898
Initial Price$0.088657
ROI
-65.2481%
Circulating Supply 5,179,144,337 SKL
Circulation Percentage 93.6871%
Max Supply 7,000,000,000 SKL
Total Supply 5,528,129,741 SKL

Price history

Information

Converter

SKL

Project Introduction

SKALE proposes a decentralized, configurable two-tier on-demand side chain network that provides storage capabilities and supports high-throughput, low-cost, and low-latency transactions. In addition, SKALE proposes communication protocols that allow participants in disparate systems to communicate with each other.

Project Vision

Provide a decentralized, resilient ethereum scalability solution.

Market Demand

The first private implementation of a system such as Plasma Cash faces several challenges: data inefficiency, the scrutiny of a single "operator" and the fungibility of assets. In addition, these systems are difficult to integrate with existing applications or provide tools for network participants (for example, authentication/discovery of services). These limitations limit the application scenarios of current layer 2 solutions that lack standardization on additional networking tools.

Solution

Like other public blockchains, SKALE uses a decentralized network to guarantee transactions on the network. SKALE's node network is divided into core nodes and child nodes. Each SKALE core node is responsible for overseeing node computing and storage resources, monitoring uptime and latency, and providing an interface for node owners to withdraw, deposit, pledge, or claim SKALE tokens. In these nodes, the SKALE encryption protocol deploys a containerized child node architecture. The size of these virtual child nodes is dynamic, which is beneficial to network elasticity. SKALE child nodes also participate in consensus, run the Ethereum virtual Machine (EVM), and facilitate interchain communication.

Project Implementation Mechanism

SKALE networks use a so-called elastic capacity mechanism to virtually subdivide network nodes. Virtualizing child nodes allows each SKALE node to run multiple side chains simultaneously. When a user wants to create an elastic side chain, the SKALE manager accesses the SKALE smart contract ecosystem from the Ethereum main network. It works by allowing the user to choose the size of their chain, consensus protocols, virtual machines, parent blockchains, and other security measures. To help users determine their budget and resource requirements, the SKALE manager will automatically assign 16 virtualized child nodes to each child node using 1/128 (small), 1/16 (medium), or 1/1 (large) of each core node's resources. Users can modify these Settings to suit their needs. Once the configuration is accepted, users pay the SKALE manager for the duration of time they wish to rent the network resources needed to maintain their elastic side chains. After the SKALE Manager processes the request, it creates the elastic side chains and returns their respective endpoints to the user. If network resources are insufficient at the time of the request, cancel and notify the user.

Token Usage Scenarios

1. Pledge mining; 2. Developers use SKL tokens to buy standalone blockchains or SKALE S-Chains to run their Dapps.

Characteristic

SKALE provides a decentralized, configurable, dynamic blockchain network that enables high-throughput, low-cost, and low-latency transactions. The platform provides developers with ethereum on demand using an elastic side chain network, replaces main-chain gas costs with a fixed subscription fee, and offers extensive configurability. Evm-compatible elastic side chains enable the configuration and deployment of a proof-secure Byzantine fault-tolerant blockchain to maintain access to the main network. A dynamically tuned, interoperable SKALE network is a direct solution to many of the challenges faced by developers in the Ethereum ecosystem.

Project Highlights

Ethereum is often slow to validate and authorize transactions. According to the team, using the SKALE network greatly improves the speed at which Transactions can be verified in Ethereum, as SKALE can run faster and can run up to 2,000 transactions per second per chain.

Incentives

SKL token holders or principals pledge their tokens to the verifier. These verifiers operate the SKALE network by validating blocks, enforcing smart contracts, and securing the network. As validators, they will be rewarded with SKL encryption for their efforts.

Project Risk

1. Risk of insufficient promotion; 2. More competitors; 3. Contract code vulnerability.

Values

SKALE has truly evolved into "decentralized AWS." A highly configurable, fully decentralized network with enterprise-level technical support to create seamless workflows for end users and developers has great prospects as DAAPS evolves.

Pairs

RankSourcePairPrice24hVolume(24H)Trading PercentUpdated
1Bitget1BitgetSKL/USDT
0.03064000
-3.8%$1,478,861.84.4670%2024-11-04 20:49:53
2Binance2BinanceSKL/USDT
0.03063000
-3.95%$1,466,681.674.4302%2024-11-04 20:50:29
3OKX3OKXSKL/USDT
0.03064000
-3.89%$174,3150.5265%2024-11-04 20:50:55
4KuCoin4KuCoinSKL/USDT
0.03064000
-3.89%$114,908.10.3471%2024-11-04 20:50:47
5BingX5BingXSKL/USDT
0.03064000
-3.8%$60,209.850.1819%2024-11-04 20:50:16
6Binance6BinanceSKL/TRY
1.0660
-4.05%$41,723.840.1260%2024-11-04 20:50:30
7MEXC7MEXCSKL/USDT
0.03065000
-3.83%$37,876.330.1144%2024-11-04 20:51:05
8CoinW8CoinWSKL/USDT
0.03065100
-3.86%$23,921.770.0723%2024-11-04 20:51:30
9Binance9BinanceSKL/BTC
0.00000046
0%$22,959.740.0694%2024-11-04 20:49:52
10Crypto.com10Crypto.comSKL/USDT
0.03081000
-3.36%$16,506.20.0499%2024-11-04 20:45:40
11Crypto.com11Crypto.comSKL/USD
$0.03075
-2.81%$11,540.680.0349%2024-11-04 20:50:17
12Gate.io12Gate.ioSKL/USDT
0.03081000
-2.78%$11,008.510.0333%2024-11-04 20:49:46

Trading platform transaction information

Trading Percent

All Exchange
ExchangeVolume(24H)Trading Percent
OKXOKX$174,3151.1756%Visit
BinanceBinance$1,531,365.2510.3276%Visit
Gate.ioGate.io$11,008.510.0742%Visit
KuCoinKuCoin$115,351.170.7779%Visit
Crypto.comCrypto.com$28,046.880.1891%Visit
BitgetBitget$1,478,861.89.9735%Visit
MEXCMEXC$37,876.330.2554%Visit
BingXBingX$60,209.850.4061%Visit
CoinWCoinW$23,921.770.1613%Visit
GeminiGemini$6,155.740.0415%Visit
BitMartBitMart$19.05760.0001%Visit