What Is SKALE?
A high-throughput network of interconnected chains.
Last updated
A high-throughput network of interconnected chains.
Last updated
SKALE V2 is an Ethereum-native, multichain scaling solution that is capable of running an unlimited number of secure, decentralized, and high-performance blockchains. These chains are modular and customizable, and offer high throughput and pooled security via randomized node selection and rotation. SKALE is EVM-compatible and built on top of Ethereum. It leverages the security of L1, and drives transactions to Ethereum mainnet, but has its own validator nodes to provide additional functionality. It is not a sidechain solution but can be considered a hybrid L1/L2 platform.
Building Ruby.Exchange on SKALE enables zero-gas transactions, offering the opportunity to integrate NFTs throughout the UX without the costs of minting and distribution that would make such functionality uneconomical on Ethereum mainnet.
Additional features include rapid confirmation times and finality, and protection against front-running built in at the network level. SKALE chains support decentralized file storage, meaning that all Ruby NFT images and metadata can be stored on-chain, rather than on a centralized server or IPFS. This guarantees data availability and ensures users are always able to benefit from their utility NFTs on the Ruby.Exchange platform.
