SKALE- Zero gas fees EVM blockchain

SKALE is a limitlessly scalable, fast, on-demand blockchain network with zero gas fees, allowing quick deployment of interoperable EVM-compatible chains without compromising security. It is a fast, scalable, and eco-friendly blockchain network.

Hybrid layer -

The Skale network represents a unique hybrid architecture. Each SKALE Chain functions as a base layer that handles the recording, consensus, verification, and storage of transactions (Layer 1) without consolidating or rolling results to Layer 1.

The hybrid layer helps to process transactions with efficiency with robust security and decentralization.

Validators provide computation power to the SKALE Network via deploying nodes.  Around 16 nodes are randomly selected from a network of >150 nodes. Nodes are operated by over 45 independent validator organizations.

Consensus mechanism-

A SKALE chain is a Proof-of-Stake blockchain fully compatible with the ETH mainnet. It can run ETH wallets, tools, and dapps.

Skale developers or developer communities rent SKALE chains using SKL tokens on the Ethereum mainnet. Developers can deploy dApps in the SKALE chains. End-users interacting with these dApps do not have to pay gas fees.

Features-  

Transaction per second 400 to 700

Block finality - Instant

Gas fees- Nil

SKLUSD declined more than 10% after a massive jump of more than 400%. The pair holds above the short-term (21 and 55 EMA) and above the long-term moving average in the 4-hour chart. It hit a high of $0.107 and is currently trading around $0.0754.

The bullish invalidation can happen if the pair closes below $0.020. On the lower side, the near-term support is $0.060. Any break below targets $0.048/$0.020.

The pair's near-term resistance is around $0.085. Any breach above confirms minor bullishness. A jump to $0.10/0.150/$0.1785 is possible. A surge past $0.2150 will take it to $0.260.

It is good to buy on dips around $0.060 with SL around $0.480 for TP of $0.1070.