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22 Oct 2021

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What is the SKALE Crypto Protocol? – Sidechains, and More
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What is the SKALE Crypto Protocol? – Sidechains, and More

Definition of SKALE Crypto Protocol

The SKALE Network is the Layer-2 scaling solution for the Ethereum network that enables developers to bypass congestion on the Ethereum.

And main net by migrating development off the main chain and onto adjacent, SKALE-administered sidechains.

Also, SKALE crypto protocol it enables decentralized application (dApp) deployment in a reliable, high-throughput, cost-effective environment through the use of independent, dApp-specific SKALE blockchains.

And developers pay for creating these blockchains in SKL, the native utility token of the SKALE Network. The SKL token also uses for SKALE staking and platform governance.

Also, the SKALE infrastructure creates high-throughput, low-latency, “Elastic Sidechain Networks” that are interoperable with Ethereum. And vastly increase the number of transactions that can efficiently transact through the Ethereum network.

Also, with this mechanism, SKALE results in performance improvements that enable Ethereum-built dApps to compete with Web2 applications in terms of cost and throughput.

And SKALE Network sidechains also improve Ethereum central net scalability as a whole by alleviating congestion.

Earlier, delving into the specifics of the SKALE Network, it’s essential to understand how climbable sidechains function in the blockchain ecosystem.

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What are Sidechains in the SKALE Network?

Sidechains operate as independent blockchains that integrate with their parent network or main chain.

And sidechains utilize a two-way communications peg between the two networks to maintain brilliant contract communication, thus making them interoperable.

For example, the developer working on an Ethereum sidechain would retain access to the Ethereum main net and vice versa. The most common sidechain functionality.

Also, as evidenced by SKALE, it involves batching network transactions and executing them on the sidechain before returning them to the main chain.

And in this instance, Ethereum — for final confirmation. It improves the speed and scalability of the leading network by an exponential factor.

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