SKLGUSD
SKALE Network / Gemini Dollar
crypto Gemini

SKALE Network is an open-source, decentralized "elastic" blockchain network designed to scale Web3 applications. SKALE chains are configurable, application-specific blockchains (often called "dynamic shards") that exist one layer above the Ethereum blockchain. Developers can rent SKALE chains that each act as a private Ethereum-compatible smart contract platform with faster block times and the ability to process more transactions per second. According to core developer SKALE Labs, SKALE chains can run full-state smart contracts, support decentralized storage, execute rollup contracts (a layer-2 scaling solution), and run machine learning algorithms using the EVM (Ethereum Virtual Machine). In combination with Ethereum, SKALE Network aims to allow Web3 apps to compete with traditional apps on a cost and performance basis. The SKALE Network is a configurable network of elastic sidechains that supports high-throughput and low-latency transactions while attempting to avoid high transaction costs. The network offers expanded storage capabilities along with embedded connectivity and interchain messaging with the Ethereum mainnet. SKALE aims to provide these features through its use of a pooled transaction validation and security model. Key features of the SKALE Network include: Zero to Near-Zero Gas Fees Random Node Selection/Frequent Node Rotation Virtualized Subnodes Containerized Validator Nodes Consensus via Asynchronous Binary Byzantine Agreement (ABBA) BLS Node Monitoring Ethereum Interoperability