SKALE is an open-source, customizable blockchain network that equips users and developers with the right tools to create Ethereum-based DApps with high throughput and performance. SKL is the native ERC-777 standard token of the SKALE Network. SKALE Network aims to reduce transaction fees and enable network participants with high throughput by introducing a scalable Web3 sidechain called SKALE chain. The architecture of SKALE is supported by SKL token holders and validators that run nodes. The SKALE Network follows a proof-of-stake (PoS) consensus mechanism that is leaderless and asynchronous. SKALE solved the Ethereum scalability issue with a bridge called Interchain Messaging Agent (IMA), which enables transferring of tokens and messages. These transfers are secured using BLS Threshold cryptography. It resolves technical problems and boosts any application's performance by creating an elastic sidechain that is EVM compatible and interoperable with Ethereum. SKALE manager is responsible for creating these sidechains. It exists on Ethereum Mainnet and handles all operations such as Node creation, withdrawals, and bounties.