The SKALE Network has launched Pacifica V3, a major network upgrade that improves scalability and efficiency.

✔️Faster block mining (108% increase, from 3.84 to 1.85 seconds)

✔️Increased transaction throughput (122% increase, from 144 to 320 TPS)

✔️Support for EIP-1559 for automatic fee adjustments

✔️Faster cross-chain communication (50% reduction in IMA transfer time)

✔️Enhanced smart contract functionalities and new wallet integrations

✔️Improved deployment management for contract owners

The upgrade also sets the stage for future advancements, with a V3.1 update planned for the second half of 2024.

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