SKALE

SKALE

Blockchain Scalability Network

Average rating : HIGH

The Skale Foundation's core mission is to solve the blockchain scalability problem. The SKALE Network Protocol is an open-source effort that combines best-in-class cryptography and decentralization with technology innovation from the big data world. The SKALE Network is capable of running millions smart contracts and transactions per second, facilitating an optimized interaction between dApps and Blockchains.


Private-sale: NO INFO
Pre-sale: NO INFO
Crowd-sale: TBA - ... NOT STARTED

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Token type: Private-sale/pre-sale token price: /
Accepts: Private-sale/pre-sale bonus: no info/ no info
Prototype: Pre-sale min/max personal cap:
Team: 10 persons Crowd-sale token price:
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experts opinionopen all

I've not fully confirmed, right, but looking into, it is on my radar. 

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What I like

  • Puts together proven tech with promising test results (20.000 TPS, resilience, etc)
  • DevNet already live and seeing plenty of interest, lots of documentation and code available
  • Invested in by big VCs, featured on staked.us (token staking for institutional investors)
  • Will expand to other blockchains, including Bitcoin & Facebook’s Libra

What I dislike

  • Still very under the radar for a project that has been under construction for more than 1 year
  • No partners listed yet, which can be a risk of adoption struggles
  • Going out for yet another $18mn in spite of already securing $9.65mn last year (Matic raised $5.6mn in total)
  • No clear roadmap or details about sale & go-live

Overall, I love it. Acceleration solutions such as SKALE will enable the real paradigm shift towards decentralization, as complex solutions that take advantage of its microservices architecture, cheap transactions and storage will finally be able to compete performance wise with their centralized peers. The project could do a better job with having proper roadmap or building visibility and a larger community, but it compensates by having a proper test net available and going out into the development community. Reaching out for even more money is not ideal, but locking in sufficient value into the network from start is crucial if they want to attract large customers. We’re in a bull market right now and Algorand just got away with raising $122mn for just a coin, so that shouldn’t be too much of a concern.


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