SKALE is enhancing scalability and efficiency for over 10 million monthly active users, solidifying its position as one of the world’s most efficient blockchains.
SKALE, the gas-less EVM-compatible modular blockchain network, today launched the Pacifica V3 upgrade which accelerates block mining speed by 108% and increases transaction throughput by 122%. Leveraging its unique modular AppChain architecture, this upgrade brings significant advancements to SKALE Network’s capabilities, including improved transaction speed and predictability, enhanced network performance, and improved developer tools.
In the forthcoming V3.1 update coming in the last half of 2024, SKALE will support all pre-deployments in “skale-contract” functionality and optimize performance through disk partitioning for chains.
In June 2024, SKALE saved users $400 million in gas fees while successfully supporting roughly 55 million transactions.
For more information, users can visit SKALE.space.
About SKALE:
SKALE Labs is the foundation behind SKALE Network, a gas-less EVM-compatible modular blockchain, which is designed to provide a world-class experience for builders of games, AI, SocialFi, and web3 applications. As of Q1 2024, SKALE Network serves over 10 million monthly active users and saves billions in monthly gas fees with its innovative modular architecture. SKALE Chains feature high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. Harmonizing speed, security, and decentralization, SKALE Labs was founded in 2018 by Jack O’Holleran and Stan Kladko, PhD.
ContactPR ManagerKyle HeiseSerotoninkyle@serotonin.co
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
