'SKALE: Why Does the L1&L2 Hybrid Modular Public Chain Go Further?'cc: BingVentures FatRatKiller blockchain skaleprotocol
This is mainly due to the so-called “blockchain triangle dilemma” — the inability to achieve a harmonious balance between scalability, decentralization and security. Yet, there is no denying that Ethereum currently has the strongest and most active ecosystem and also the highest adoption rate to date. SKALE is built on top of Ethereum, but it is much more than that.
Modular blockchains are a paradigm shift in the design of future blockchains, and their value will become more apparent over the next few years. In particular, the modular framework introduced by SKALE allows for more configuration and upgradability of decentralized applications, which also include NFTs. New chains can be deployed in seconds and allow users to securely interact with them from day one.
State bloat is currently the most well-known scalability bottleneck in the blockchain space. Due to the increasing number of transactions on the chain, the information required by the blockchain to perform transactions will grow, which means that it will be more expensive to run a full node. SKALE addresses potential cost issues in a number of ways.
Although SKALE has not yet established a complete closed-loop blockchain ecosystem, we have seen the developer activity of its network and the emergence of some innovative dAPPs that are attracting liquidity. The SKALE network has both the security of Ethereum and the advantages of high performance. This ensures that it can obtain value from the Ethereum network on the one hand, and provide value to Ethereum on the other hand. In addition to this, each application can have its own exclusive SKALE chain. The V2 upgrade will provide the SKALE network with a full range of Layer 1 user experience and dApp interoperability.
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