SKALE to Hold AMA on X on July 17th
2024-07-16
Category: news['category']

Coindar
SKALE will host an AMA on X to provide an update on Pacifica v.3.0 and a recap of Q2 highlights. The event will feature the company’s co-founder/CEO Jack O’Holleran, co-founder/CTO Stan Kladko, CMO Andrew Saunders. The event will take place on July 17th at 17:00 UTC.
 Refer to the official tweet by SKL: 
🔊 This Wednesday, tune in to get the inside scoop on Pacifica V3 and a recap of Q2 highlights, featuring: 
â–¶ï¸ Co-Founder/CEO @jackoholleran 
â–¶ï¸ Co-Founder/CTO @Stan_Kladko 
â–¶ï¸ CMO @andrewsaunders
â–¶ï¸ Deputy CTO @rikon_azane 
Set your reminder: https://t.co/y1i1tbwRy1 pic.twitter.com/aqXJOoSFkK
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.