SKALE to Participate in Tech Week’s Future of Tech: Web3 x AI in San Franciscro on October 7th
2024-10-04
Category: news['category']


SKALE’s CEO and co-founder, Jack O’Holleran, is scheduled to speak at Tech Week’s Future of Tech: Web3 x AI event in San Francisco on October 7-13. The event will focus on the intersection of Web3 and AI technologies, and the role of platforms like SKALE in this evolving landscape. 
 Refer to the official tweet by SKL: 
Thanks to the network's zero gas fees & near-instant finality, AI-powered dApps have found a home on SKALE! 🤖
Catch SKALE Labs CEO & Co-Founder @jackoholleran speaking at @Techweek_'s Future of Tech: Web3 x AI event this Monday Oct 7.
👉 Register here: https://t.co/Y3vjgcQ0iT pic.twitter.com/1yA8UBISgt
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.