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Today’s video is an overview of the SKALE Network and a guide on how to get started for beginners.
0:00 Intro
0:40 What is SKALE
5:35 SKALE Stats
6:58 SKL Tokenomics
8:41 How to Use SKALE
#crypto #defi #cryptocurrency
source
views when registered : 2243
duration : 00:16:54
Here’s a commentary on the content:
The scale Network is a blockchain platform that’s making waves with its user-friendly experience, high scalability, and zero gas fees. As Patrick from Dynamo Defi explains, scale is a network of blockchains that allows for seamless app development and interaction, making it a game-changer for the crypto space. With its impressive speed, processing up to 397.93 transactions per second, scale is already being used by millions of users, including gamers and developers.
Patrick dives into the tokenomics of scale, highlighting its market cap of around $256 million, and how the token serves multiple functions, including validating, executing, and securing the network. He also explains how developers can purchase subscription access to scale chains using the SKL token, and how users can participate in on-chain voting to control economic parameters of the network.
The video also covers how to start using scale, including setting up a wallet, bridging funds, and staking tokens. Patrick highlights several yield and airdrop opportunities, including a $150,000 incentive program from scale Labs, and a confirmed airdrop on the Zesh game. With its growing ecosystem, impressive speed, and innovative features, scale is definitely a platform to watch.
Some noteworthy related facts about the subject:
* Scale is built on a proof-of-stake (PoS) consensus algorithm, which allows for faster transaction processing and lower energy consumption compared to traditional proof-of-work (PoW) algorithms.
* The scale Network has a strong focus on gaming, with several gaming-related applications and projects being built on the platform.
* The platform’s zero gas fees make it an attractive option for developers and users looking to build and interact with decentralized applications (dApps) without incurring high transaction costs.
