Skale Report by Jesse

Welcome to this week's edition of Wealth Mastery. It’s no mystery that the mass adoption of decentralized applications is far from where we thought it would be by now. Promising technology lies in new projects every day. SKALE Network is such a project that’s looking to lower costs in the dApp ecosystem after recently launching their mainnet this last week.

Introduction

The SKALE Network helps developers run smart contracts with sub-second block times, at high throughput, and low costs. The network is built to support thousands of independent blockchains, elastic sidechains, file storage chains, and other types of sub=chains. Deployed and integrated into the Ethereum public mainnet the SKALE Network is a high-throughput, low-latency, configurable Byzantine fault-tolerant sidechain network built for the Ethereum blockchain. With the mass adoption of Decentralized Applications (dApps) being held back by poor user experiences that stem from latency, high costs, and cumbersome workflows. The SKALE Network is designed to improve the user experience of dApps while increasing speeds and creating seamless workflows for end-users as well as developers.

The SKALE Network has developed a sophisticated and effective approach to Proof of Stake. It uses a large pooled security model (pooled validation model) in conjunction with random node selection and frequent node rotation to enhance network security. The SKALE Network also uses containerization and virtualization to turn a single server node into up to 128 virtualized subnodes. This unique network design increases the potential size of the node pool and opens opportunities for network delegators to take part in this growth. The SKALE Network code is completely open-source allowing any developer to prepare and deploy a SKALE chain onto the network. With SKALE Chains on the