Skale, also known as Skale Network, is a blockchain scalability platform that enables the development of smart contracts with decentralized structures. SKL coin is the native cryptocurrency of this platform.
Skale Labs, the developer of Skale Network, was founded in 2018 by Jack O’Holleran and Stan Kladko, both with years of experience in the software industry, and is headquartered in San Francisco. Skale Labs is a blockchain scalability platform that enables high-speed consensus and decentralized applications to run smart contracts on dApps.
Its developers planned and developed the SKALE network as a decentralized and elastic blockchain as a side chain to the Ethereum blockchain to provide a solution to the scalability problem of the Ethereum network. SKL coin is the native cryptocurrency of the Skale platform. Using the ERC-777 standard, SKL has some functions within the network.
Source: https://fintechnews.ch/blockchain_bitcoin/top-50-crypto-valley-companies-for-2023/57810/
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