We are pleased to announce that IdeaSoft has become an official Integration/Deployment Partner of SKALE.
SKALE is a multichain network of secure, decentralized, high-performance Ethereum Blockchains. It allows developers to build powerful dApps in a decentralized modular cloud. SKALE’s advanced cryptography and pooled security model enables the best combination of speed, security, and decentralization that provides an amazing user experience. The platform has rich functionality including EVM (Ethereum Virtual Machine) support, file storage, interchain messaging, and machine learning capabilities.
By becoming a SKALE partner, IdeaSoft confirms the deep understanding of SKALE’s multi-chain network, which enables our blockchain development team to successfully integrate this technology and provide deployment services.
“IdeaSoft always strives to master sought-after technologies and offer innovative software solutions to our customers. SKALE helps us achieve this goal by providing a great platform for building powerful Ethereum dApps with reliable and fast smart contracts.” – says Andrey Lazorenko, CEO of IdeaSoft – “We are happy to become an official SKALE partner and share our efforts on the development of the blockchain market.”
How does the SKALE Network work and what are its benefits?
With the rise in popularity of Ethereum, we all came across some limitations of this system. where the increase in users leads to network congestion and a sharp jump in gas prices. The creators of decentralized applications were forced to look for additional solutions to cope with these issues. This is where SKALE came into play.
SKALE is a great solution to Ethereum’s scalability limitations that provides the flexibility to easily build productive and scalable decentralized apps. Working together with Ethereum, the network gives developers separate SKALE blockchains to deploy their applications. This enables gasless transactions with fast finality, creating all the necessary conditions for the mass adoption of Ethereum. SKALE provides faster block times and the ability to process more transactions per second.
SKALE interacts with Ethereum through the SKALE Manager smart contract. This protocol manages all entities within the network including multiple dApp specific SKALE chain creation/destruction, node creation/destruction, withdrawals, and bounties. Thanks to this connection developers can easily build highly customizable dApps that are instantly compatible with Ethereum.
The SKALE architecture is built to support an ever-expanding set of chains, much like an internet of blockchains. SKALE multichain architecture ensures increased transaction throughput, faster transaction finality, and lower transaction costs thus opening new opportunities to run decentralized applications with high performance and low cost.
The SKALE network has several roles including validators, delegates, token holders and developers.
- Validators are independent SKALE node operators who validate transactions on the SKALE Proof of Stake network and get rewarded for doing so. Reward amount is a combination of inflation and commission charged to dApp developers for renting SKALE networks.
- Delegators are any token holders who delegate their tokens to SKALE validators to further secure the network. In exchange for staking their tokens to a specific validator, delegators also receive a portion of the reward.
- Token holders will be able to vote on network governance to change core functions. The token holder can either participate in governance directly by voting with his stake or delegate the voting rights to other stakeholders.
- Developers can interact with SKALE in several ways. For example, renting SKALE chains to build their decentralized applications, or contributing to the open-source development of SKALE by writing code or documentation.
Working with SKALE, developers can use the same tools, wallets, and token standards as in the main Ethereum network. This makes it easy to use the SKALE protocol to deploy your dApps for optimization purposes. The main advantage of SKALE is that the network provides all the benefits of decentralization without compromising computation, storage, or security.
How to use SKALE for your business?
Since SKALE supports Ethereum-compatible applications, you can use the network to deploy any decentralized app, achieving greater scalability and lower transaction costs. Using SKALE is very effective for building and scaling any type of Ethereum-based decentralized applications, from games and decentralized finance to multimedia apps or NFTs and more. The network provides a significant amount of additional on-chain storage capacity for decentralized applications, allowing you to more economically and securely store data on the network.
For example, using SKALE to build NFT solutions allows you to do minting and trading operations on a SKALE Chain gas-free for users aside from what a dApp developer might want to charge as part of their business model.
If you are looking for solutions to optimize the gas fee and performance of your decentralized applications, feel free to discuss this with the IdeaSoft team. We have been providing innovative blockchain solutions that meet the needs of the market for over 5 years. The company’s portfolio consists of more than 250 successfully completed projects confirming the extensive expertise of IdeaSoft developers.
Now we are happy to partner with SKALE to better meet the needs of our customers around the world and deliver even more effective solutions. Looking forward to new joint achievements.