Founded by Jack O’Holleran and Stan Kladko, Skale Network (SKL) is built on Ethereum and is designed to help decentralized applications (DApps) scale without sacrificing security. Skale Network also aims to bring speed to the verification of Ethereum transactions with the SKL team claiming Ethereum DApps run 1000x faster on their network.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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