Buy SKALE (SKL)
What is SKALE?
SKALE is a Layer-2 Ethereum sidechain network that creates a high-throughput, low-latency, low-cost environment for decentralised app (dApp) development. The network aims to address the scalability challenges of Ethereum by providing a modular blockchain network for dApp development.
How does SKALE work?
SKALE operates using a hybrid architecture that merges the robustness of Layer 1 solutions with the scalability of Layer 2 solutions. Each SKALE Chain acts as a base layer, handling transactions independently without consolidating results to Ethereum's Layer 1. It uses a Proof of Stake (PoS) protocol and a unique SKALE Network Consensus (SNC) algorithm for horizontal scaling and supports full Ethereum Virtual Machine (EVM) compatibility for smart contracts.
What are the potential use cases for SKALE?
SKALE's potential use cases extend beyond gaming to include real-world assets (RWA) and decentralised physical infrastructure (DePIN) networks. It supports sectors such as Web3 gaming and decentralised finance (DeFi) due to its high-performance, low-cost, and zero-gas features. Notable real-world applications include projects like Exorde and Nebula Gaming Hub.
What is the history of SKALE?
SKALE was founded in 2018 by Jack O'Holleran, Stan Kladko, and Konstantin Richter, who sought to solve Ethereum's scalability issues. The project raised $17.1 million in private token sales in 2018. By 2024, SKALE achieved significant milestones, processing over 300 million transactions and saving $3.1 billion in gas fees. Its technology has evolved to incorporate the Levitation Protocol and a robust hybrid architecture, enhancing its scalability and compatibility with Ethereum.
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Frequently Asked Questions (FAQs)
What is the current price of SKALE (SKL)?
The SKALE price is $0.07710334 AUD, representing a -4.32% from the day prior.
Where is the best place to buy SKALE (SKL) in Australia?
The best place to buy SKALE (SKL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell SKALE (SKL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of SKALE (SKL)?
The trading volume of SKALE (SKL) is $60.4M AUD in the last 24hrs, representing a -4.32% from the day prior.
How can I buy SKALE (SKL)?
SKALE (SKL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of SKALE (SKL)?
The current market cap of SKALE (SKL) is $397.9M AUD.
Can I convert SKALE (SKL) to cash?
Yes - With Coinstash you can convert your SKALE (SKL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many SKALE (SKL) are there?
The current circulating supply of SKALE (SKL) is 5.2B.
Is Coinstash a safe place to buy SKALE (SKL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling SKALE (SKL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.