SKALE Network, an Ethereum native multichain network built to help Ethereum Dapps scale to more users with lower costs and better performance, today announced the completion of the “Denali” mainnet upgrade for SKALE Network.
With 46 validator organizations and 153 nodes completing the upgrade, this is the first major upgrade after the Kilimanjaro mainnet launch on October 1. This makes SKALE Network the only live multichain network in production that works with Ethereum in a natively integrated manner.
As gas costs rise and congestion continues to take its toll on the growth of the Ethereum network, consumers and developers alike are looking for fast, scalable and secure decentralized solutions.
To meet that demand, developers need access to a highly decentralized execution layer that connects specifically to the Ethereum mainnet and leverages the large ecosystem of tools and technology they are already familiar with. Developers want to offer their own dapp-specific blockchain, giving them the flexibility they need to respond to their users’ demands and growth projections.
With its native Ethereum multichain architecture, SKALE provides a fast, free to user / gasless, Ethereum orchestrated blockchain solution that can be quickly deployed without learning new tooling.
Denali is SKALE’s latest network upgrade and includes several key components.
Most importantly, the ability to deploy Dapps with gasless transactions with less than ½ second block time and incredibly high throughput, newly audited smart contracts, and advanced chain functionality.
It also includes the next phase of SKALE Network’s modular framework, which enables greater configuration and upgradeability for decentralized applications.
Finally, developers get NFT support, where dApps can create NFTs on SKALE Chains for free and with billions of dollars in commitment to support their security.
“The SKALE Denali upgrade will be a critical ingredient to drive the growth of blockchains and decentralized systems. Poor user experience has been a barrier to mass adoption so far. SKALE removes that friction by significantly reducing costs and creating a high-quality experience for decentralized applications. “
Sterling Witzke, senior advisor to Winklevoss Capital, an early supporter of SKALE
The goal of the SKALE network is to bring Ethereum to billions of users worldwide. SKALE’s new modular architecture is a major upgrade and means developers can have an even greater impact on the Ethereum ecosystem. They can take advantage of services such as oracles, bridges, and analytics offerings from a variety of leading providers.
With 130 developers currently participating in the SKALE Innovator Program, many will begin implementation after the Denali upgrade. Major recent Dapps supporting SKALE include Minds, Collab.land, Bondly, Human Protocol, and CryptoCrusades, which represent a range of different use cases for SKALE.