BlockchainBrad and SKALE’S CEO & CTO have a deep crypto chat about SKALE’s modular protocol. SKALE is the first to build a network of blockchains to enable devs to build highly configurable elastic sidechain , which provide the benefits of decentralization without compromising on computation, storage, or bandwidth. Skale’s elastic sidechains are highly performant, decentralized, configurable & Ethereum compatible. Skale’s virtualised nodes are built on the latest breakthroughs in modern cryptography to provide provable security. Staking is also built into this network for uncompromising network security.
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Links:
Website: https://skalelabs.com/
Twitter: https://twitter.com/skalelabs
Tele: https://skalelabs.com/
Medium: https://medium.com/skale
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dApps:
Devs can deploy their dApp to highly configurable elastic sidechains, run Solidity smart contracts at sub-second blocktimes and storage at low cost while not sacrificing decentralization for performance. SKALE eliminates unnecessary complexity so that you can speed up your dApps and smart contracts in no time with essentially no additional coding.Many dApps are already running smart contracts on SKALE’s elastic sidechains. These include games, content streaming services, TCR-based platforms, and more.
Specific Features:
Byzantine Fault Tolerant
The standard for security in distributed systems; BFT guarantees that the network can reach consensus even when up to one third of participants are malicious.
Asynchronous Protocol
Following the same model as the Internet, this protocol recognizes latencies of nodes and the network, allowing messages to take an indefinite period of time to deliver.
Threshold Signatures
BLS Threshold Signatures enable efficient interchain communication and support randomness in node allocation.
Leaderless Consensus
Leaderlessness mitigates the possibility of collusion amongst network participants by ensuring that each has an equal chance to successfully propose and commit new blocks.
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PAYMENT/DONATION DISCLOSURE:
This was 100% free and I did this video with no compensation and no intention to get anything from the SKALE Team for doing this video; not in fiat, tokens or any form on payment. Why? Since several months ago, I decided to do only free content unless legitimate LONGTERM ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. This is not Financial Advice. Please #DYOR
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INVESTMENT DISCLOSURE:
I have not invested in Skale. This is not Financial Advice, but I really believe in this project. #DYOR always.
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GENERAL DISCLAIMER:
The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success.
It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses.
BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner.
#Skale #sidechain #elasticsidechain #BlockchainBrad #NetworkofBlockchains #sidechainsystem
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