While there is turmoil at the macro level, we will keep building. This is not our first cycle. We're prepared and will not stop launching and growing the ecosystem.
I'm more excited than every about this ecosystem and what is being built.
2/ Winning teams have a long-term focus. There are so many committed people working on SKALE from so many teams.
Each partner/dApp/contributor/validator I speak with knows that this is the beginning and has a long-term focus.
3/ Europa is set to launch very soon. Keep your eyes peeled. My understanding is that everything is baked and the projects are coordinating on launch timing. The market is red, but it won't stop them from bringing on users and launching a world class game changing product.
4/ SKALE decentralized governance will soon level up with onchain voting. Staked SKL tokens on ETH mainnet will be able to vote on a SKALE chain thanks to SKALE's oracle. This oracle functionality is game changing - it messages realtime ownership on Ethereum to SKALE Chains.
5/ A community facing economic model will be published soon to support onchain voting proposals. This will give transparent insight into network capacity, chain capacity, validator ROI, and fees.
6/ One important note! Large chains which have been proven to run at 2K TPS in TestNet will release at a later date due to a strategic decision to launch with only medium chains. Medium chains leverage containers within each SKALE Node to partition resources
7/ Containers allow each node to work concurrently on numerous chains therefore throughput is lower per chain, but there are more chains in the network which adds more throughput at a network level. This was a decision made with dev and validators as dApps do not need 2k TPS now.
8/ Let's keep our heads up. The core team and dev community will continue working our hardest each day. This is the time to build and execute. We are in the launch phase. Hubs are set to go live.
9/ Keep in mind that this is still the first quarter of the game for Web3 and DeFi.
The winners will be the projects and communities that stay focused, stay positive, and execute during the hard times. Let's go get it.
After many years of intense work and engineering SKALE V2 is here. Interconnected multichain networks are where the market is going. While other chains are announcing we are deploying. Let’s keep the positive vibes going!
2 - There are a lot of moving parts and dependencies in the V2 rollout phases. We are ultimately working to a point of having a robust ecosystem anchored by hubs, dApp chains, marketplaces, and partner integrations. There are phases in implementation.
3 - The rollout is complex and decentralized. It involves many teams and projects. I am seeing some FAQs pop up. Please list your questions here or in Telegram and Discord. We’ll host a technical AMA next week. I’ll also start answering here.
1 - As Web3 grows, so do the needs of large projects. SKALE is purpose-built to help projects like @yugalabs run their own blockchain without needing to set up their own validator network or POS currency/economics with pooled security and a tight+friendly connection with Ethereum
2 - Large projects do not want to share capacity or compute but they do like pooled security. They may want to run their own chain, but would have to deal with the massive task of setting up an entire blockchain network and also risk having limited stake securing their chain
3 - They also want their users to be able to leverage assets minted on the mainnet with their new chain. This includes fungible tokens and NFTs. The goal is to increase functionality and scale without losing value accrued.
1/ The one certain thing about markets is that they have cycles. The best projects are ready for this and build through the downturns. Lemons turn into lemonade for prepared teams with longterm vision, strong cash positions, and committed communities + core teams
2/ These cycles hurt, but they should be expected. It is not a matter of if, but when. This means opportunity for those that are prepared and have the right perspective
3/ I'm proud to say that across the entire SKALE project we are in a position to come out of this cycle in a far stronger relative position than we started. The core team is in a strong cash position and is funded with multiple years of runway