SKALE to Participate in WebX 2024 in Tokyo on August 28th
2024-08-28
Category: gaming

Coindar
SKALE’s CEO and co-founder, Jack O’Holleran, is scheduled to appear on stage at the WebX 2024 conference in Tokyo from August 28 to August 29. Jack O’Holleran will participate in two panels. The first panel, titled “The Role of Decentralization in AI“, will be held on the bitFlyer Stage on August 28 from 3:35 to 4:05 UTC. The second panel, ”Harnessing the power of zero-knowledge”, will take place on the Tron Stage from 5:50 to 6:20 UTC.
 Refer to the official tweet by SKL: 
Catch SKALE Labs CEO & Co-Founder @jackoholleran on stage at @WebX_Asia in Tokyo this week!
Panel 1: The role of Decentralization in AI
📍 bitFlyer Stage
â° 08/28 3:35-4:05
Panel 2: Harnessing the Power of Zero Knowledge
📍 Tron Stage
â° 08/28, 5:50-6:20 pic.twitter.com/qwaxAbCTvQ
SKL Info
SKALE is a high-throughput, gas-free network of interconnected, modular blockchains. Designed to enhance Ethereum projects, it provides a scalable environment for developers to shift their projects from Ethereum, achieving better performance.
Operating in tandem with Ethereum, SKALE leverages its unique consensus mechanism. It effectively marries Ethereum’s proof-of-stake (PoS) framework with SKALE’s pooled security model. This synergy results in secure, rapid transactions devoid of gas fees, positioning SKALE as an efficient platform, particularly for Web3 and gaming applications, enhancing Ethereum’s scalability for wider adoption.
SKL, the utility token of SKALE, is an ERC-777 token, maintaining backward compatibility with the ERC-20 standard. Offering token-level delegation, it enables non-custodial staking directly from user wallets, bypassing traditional smart contract locks. Within the network, SKL finds its use in payments, especially for SKALE chain subscriptions. Token holders, be it as validators or delegators, can stake SKL to earn rewards. Validators, by running nodes, ensure the network's security, transaction validation, and smart contract execution, earning SKL in return. Delegators, while playing a passive role, earn a fraction of these rewards.