SKALE is a blockchain network designed to address scalability issues on the Ethereum network. Here's a breakdown of its key features:
- Multi-chain architecture: SKALE consists of interconnected, independent blockchains called SKALE chains. This allows developers to deploy their applications on these chains for faster transaction processing and lower fees compared to the Ethereum mainnet.
- EVM compatibility: SKALE chains are compatible with the Ethereum Virtual Machine (EVM), which means developers can easily port their existing Ethereum smart contracts to SKALE without major modifications.
- Focus on scalability: SKALE aims to achieve high transaction throughput and fast finality. This translates to quicker processing of transactions and quicker confirmation of their validity.
- Zero gas fees: Users don't incur gas fees for transactions on SKALE chains, unlike the Ethereum mainnet where gas fees can be high during periods of network congestion.
In simpler terms, SKALE provides a network of specialized blockchains that work alongside Ethereum to handle transactions more efficiently, offering faster speeds and zero gas fees for users.
