$SKL

SKL is the native token of Skale Network, a decentralized network that aims to improve the performance of decentralized applications (dApps) on the Ethereum network. Skale Network is a Layer 2 solution that aims to enhance the scalability and high performance of applications by providing flexible and independent sidechains that can handle thousands of transactions per second at a very low cost compared to the Ethereum base layer.

SKL is used in several aspects within the network, such as paying fees for running sidechains, incentivizing node operators (validators) who participate in securing the network, and paying rewards to contributors who participate in the "staking" process of the currency. This currency is based on a decentralized governance model, where SKL holders can participate in making decisions related to the development of the network.

In terms of prospects, Skale Network is considered one of the promising solutions in the field of improving blockchain performance, especially in light of the growing interest in DeFi and NFT applications that require high performance and speed in executing transactions. As the network becomes more adopted, SKL is expected to see growth in demand and value in the long run.

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