the SKALE network empowers dApps to run Smart Contracts in Layer 2 at 1000x speeds at a fraction of the cost
the SKALE network is Byzantine Fault Tolerant and provides best-in-class security to smart contracts and transactions
SKALE network is a decentralized, open-source, and permissionless peer-2-peer node network
SKALE Labs will create and launch the SKALE Foundation, which will support a fully decentralized, peer-2-peer Layer 2 scaling network for dApps that run on layer 1 chains such as Ethereum. The incentives that drive and reward actors in the system are encoded into the protocol with the SKALE Utility Token. The SKALE Network is capable of running millions smart contracts and transactions per second, facilitating an optimized interaction between dApps and Blockchains.
The SKALE Foundation facilitates the Open Source development of the SKALE Protocol and Network, fostering community building efforts, marketing efforts, R&D, and overall support of the SKALE token which will be launched as a utility token in Q418.