How to use SKALE?
1.What is scale and how does it work?
Skale is a blockchain project launched on July 1, 2020 — https://skale.network/ The Skale platform positions itself as a flexible blockchain for creating productive and scalable decentralized applications (dApps) based on Ethereum. Skale allows you to develop, configure and run your own dApps in a decentralized modular cloud.
It serves as the built-in instrument of transfer for facilitating four main functions:
-Security of and staking in the network
-Payment method for SKALE Chain subscription fees
-Rewards for validators and delegators staking their tokens
-Governance and voting
Moreover you can watch this video — https://www.youtube.com/watch?v=Twe_hPFGlbY&feature=youtu.be
SKALE network launched its first phase main network on June 30, 2020 after a successful stimulated test network that ran without downtime for 2 months. The SKALE token was successfully launched in early September using the Activate platform from ConsenSys as the first proof of use using the Activate platform to launch eligible offerings.
About 4,000 participants from 90 countries participated in the sale of SKL tokens exceeding the subscription limit by 10 times by $ 5 million. The main Phase 2 network was launched in the nascent era of the SKALE network on October 1, 2020. Approximately 4,000 delegates placed tokens in 46 validator organizations, creating a total blocked value of $ 80 million. On November 30, Binance, Huobi Global and uniswap were announced.
3.Features and distinctive properties
SKALE Network aims to give developers the ability to run Ethereum applications with high performance and low costs . The project also provides application-specific blockchains that provide each application with its own block chain that can easily connect to the main Ethereum network without compromising decentralization or security.
The main benefits of SKALE’s elastic side chains include increased transaction throughput, faster transaction completion, and reduced transaction costs. All these features allow you to improve the user experience and create a more sustainable economic model.
Additional benefits of SKALE chains include increased storage capacity and greater control over transaction processing. The use of sidechains can also help the development process by speeding up application development and introducing new features.
Using a run-level solution such as the SKALE network is very effective for building and scaling Ethereum-based applications, opening up the potential for an ever — expanding range of use cases-from gaming and decentralized finance to productive and multimedia applications and everything else.
It is this belief that one size doesn’t fit all that led us to develop SKALE, a highly modular and customizable solution for scaling executive layers. Initially, we focused on providing scalability for Ethereum-based decentralized applications with our SKALE Parallel Asynchronous Consensus (SPAC), which is based on parallelizing a variant of the asynchronous Byzantine binary agreement.
And as we build together with the business in our innovative SKALE program, we are constantly dreaming of bigger and bigger plans for the future! At some point, SKALE will integrate plug and play consensus mechanisms, cross-chain messaging, and a number of other requested features.
More information : https://skale.network/blog
4.Price and other information
The dApps netTwork operates on the Ethereum-as-a-Service principle. With a sidechain, applications can access third-party blockchains and their dApps to, for example, improve performance or security. Skale interacts with the Ethereum blockchain through the SKALE Manager smart contract.
For an application (DApp) to work, it needs to get the computing resources that validators provide. Validators play a key role in the security of the Skale blockchain network. The protocol allocates validator resources and optimizes them to achieve the best efficiency of the blockchain network.
The Skale project is still at an early stage of launch, and the tokens are not yet traded on any exchange. But now the total token supply is known: 4 140 000 000 SKL. The maximum offer is SKL 7,000,000,000. The price at the public ICO stage was $0.03.
Although tokens are not yet traded on exchanges, validators and delegates can join the project at an early stage. Tokens are issued on the Ethereum platform in accordance with the ERC-777 standard, which, unlike ERC-20, allows you not to delegate tokens to the validator directly, but only to transfer a secure delegation key. At the same time, the SKL tokens themselves remain in the holder’s crypto wallet.
Everstake plans to become a validator in Skale after testing is completed, and token holders will be able to join us. The Everstake team consists of professionals in the field of IT and blockchain and aims to provide users with reliable and convenient solutions for staking various tokens: Tesoz (XTZ), chainlink (LINK), Cosmos (ATOM) and others.
5.The Development Of Decentralized Applications
If you’ve ever developed a decentralized app, you’re familiar with the exciting feeling you get after finally deploying to a test network. This is pure ecstasy — the first step to a live deployed version of a truly unstoppable app. But the test network doesn’t really paint an accurate picture of reality, does it?
Well, we only need to look at the INFURA to get an answer. For those who are not familiar, INFURA is a ConsenSys spoke and provides infrastructure not only for the most popular Ethereum test networks, but also IPFS — a decentralized file storage system. And while the services they provide are absolutely priceless for the space, they readily admit that it’s all hosted on AWS. But it’s not a crime, it’s testing the infrastructure — it doesn’t have to fit the deployment environment perfectly.
In fact, the most popular test networks (Rinkeby / Kovan) don’t even use the same consensus as mainnet. As a compromise, they use a federated system instead of proof of work to reduce high cost and low throughput. And indeed, this is fine, given that test networks basically serve as a sandbox where smart contracts can be tested and tested before anyone is ready to put their code on the main network. Thus, we turn a blind eye to our centralized “decentralized” infrastructure for the sake of providing a stepping stone to our truly decentralized mainnet.
And now remember the ecstasy that you experienced before deploying to the test network? I bet that feeling turned to horror (and rightly so) at the thought of deploying to the main network. With no margin for Error, we check things by Sex, trying to convince ourselves that nothing in our code will be exploited for the entire existence of Ethereum.
But still, it’s something we have to put up with, it’s a “fuck it, load it”attitude. So, we are moving forward with our test suites and audits in hand, deploying our application to the blockchain, where it will (as far as we can tell) remain indefinitely.
For more : https://skale.network/blog