The SKALE Network- All you need to know.

  1. The transaction is added to the pending transaction queue.
  2. Proposing block collects keys shares from subnode A:
  1. Subnode A creates a Supermajority signature from the key shares. This will serve as proof that a majority of the peer nodes signed the block proposal.
  1. Subnode A commits the winning proposal to the chain with its supermajority signature.
  1. Validate: Validators are allowed to run nodes on the network when they stake SKALE tokens. They earn fees and get rewarded for their node’s uptime and latency. They are the workers in the SKALE network.
  2. Delegate: An individual or organization can delegate their tokens to a validator. They stake part of the tokens required to run nodes in the network. In return, they receive part of the proceeds from running nodes in the network.
  1. Develop: Organizations, Businesses, and developers that want to use the SKALE network resources stake tokens in the network. In other words, they pay a subscription fee for a predetermined duration they want to use SKALE resources. The resources are in the form of computation power, storage, and bandwidth in the Elastic Sidechain.




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

IDEA: The Crypto to Chase in 2021

This Week at AirToken

PolkaEx Token Metrics


Introducing Cross-chain Solution for Binance Chain

2018, In Stablecoins

Stabinol tokenomics and snapshot date revealed.

The Dapp Daily — January 27th, 2017

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Anyamba kenneth

Anyamba kenneth

More from Medium

Gauss Dex officially launched the cross-chain of the Gauss public chain to the Ethereum mainnet

Artemis Vision is Launching on Safelaunch!

Total Supply: 1.000

BlockBank acquires a significant share of Canadian entity — GenBlock Financial.