The SKALE Network is a high-throughput, low-latency, configurable byzantine fault tolerant, elastic blockchain network built interoperably with Ethereum. The initial and primary use case for this network will be in form of elastic sidechains for the Ethereum Blockchain. In this context it can be described as an ‘Elastic Sidechain Network’.
The SKALE token is a work and usage token. To have the right to work in the network, nodes must run the SKALE daemon and stake a predetermined amount of SKALE tokens on the Ethereum mainnet via a series of smart contracts known as the SKALE Manager. Once a node has been admitted to the network, 24 peer nodes will be randomly selected to audit its uptime and latency - these metrics will be submitted regularly to the 1 SKALE Manager and will affect a node’s rewards for participating in the network. The SKALE Network price page is part of Crypto.com Price Index that features price history, price ticker, market cap and live charts for the top cryptocurrencies.