SKALE to Participate in the Ethereum Community Conference in Brussels on July 9th

The session will focus on the future of AI and DePIN.

SKALE will be participating in the Ethereum Community Conference in Brussels on July 9th. The session will focus on the future of AI and DePIN.

Here's the official tweet by SKL:

SKALE is a modular blockchain network designed to enhance Ethereum projects. It provides a scalable solution for developers to move their projects off Ethereum, achieving better performance.

Operating in tandem with Ethereum, SKALE leverages a unique consensus mechanism. It integrates Ethereum's proof-of-stake (PoS) framework with SKALE's pooled security model. This synergy enables secure, rapid transactions without gas fees, making SKALE an efficient platform, especially 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, particularly 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.

News source：https://www.kdj.com/cryptocurrencies-news/articles/skale-participate-ethereum-community-conference-brussels-july-th.html

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