ConsenSys Codefi announces SKALE as first project on Activate

Activate, of ConsenSys Codefi, is associated with the N.O.D.E. Foundation to allow consumers in qualified countries to buy, use and earn rewards on the network SKALE.

New York and San Francisco, California, February 11, 2020 – Activate, of ConsenSys Codefi, is the first platform designed to launch decentralized networks and allow customers to buy, manage and use their tokens – all in one app. Today, Activate, in collaboration with its first client, SKALE, announced the upcoming launch of the network SKALE, a decentralized elastic blockchain platform for the secure scaling of dApps based on Ethereum.

Activate, announced in October 2019, sets the standard for purchasing, distributing and using utility tokens to get the network started at an early stage. Thanks to the unique design of its platform, Activate requires that the networks be launched and usable at the time of the sale of the tokens or immediately afterwards so that the participants can start their activities. In addition, Activate guarantees that participants cannot simply return their tokens for passive speculation, but rather requires that they use their tokens for the intended purpose.

In the case of the network SKALE, token holders must contribute to the security and scalability of the network by delegating or serving as validators on the network, and thus obtain rewards. The objective is to create a solid base of token holders who are encouraged, and in fact, bound by the program, to use their tokens for the use for which they are intended, which should allow a stronger launch of the network. principal in the second quarter of 2020.

Second-layer scalability solutions provide Ethereum with exceptionally high transaction throughput and greater flexibility. The SKALE network is an advanced solution, representing a configurable and inexpensive level two platform for developers to allow almost instant execution of smart contracts. Activate sets the standard for fair and maximally distributed token networks, while providing a transparent and consistent validation and usage experience to ensure that all participants interact significantly with the SKALE network – and the decentralized networks of the future, ”said Joseph Lubin, Founder of ConsenSys and Co-Creator of Ethereum.

SKALE Network is a network of elastic block chains that gives developers the ability to easily provide highly configurable, fully decentralized chains that are instantly compatible with Ethereum. SKALE chains can execute blocks of time of less than one second with more than 2,000 transactions per second (tps) on each chain, and execute smart contracts in full state, in addition to decentralized storage and machine learning in the EVM. More than 35 dApps currently rely on SKALE, from games to DeFi, to audio playback and much more.

With a focus on creating social impact dApps, we are particularly sensitive to the cost and speed to market because it means that our dApps can do more good, for more people, faster. We met the SKALE team during a hackathon and we were operational in no time, with transactions of less than a second, at a gas price which was only a small fraction of what it was before, ”said Jakub Wojciechowski, CTO of Alice.

By launching it through Activate, the network SKALE will decentralize and further distribute its security, which already has an impressive base of supporters who are committed to participating in network security, including Blockchange, ConsenSys Labs, Galaxy Digital, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia Venture Partners and Winklevoss Capital. Founded by Jack O’Holleran and Stan Kladko, two experienced executives from software start-ups with many successful releases, the SKALE network is supported by the N.O.D.E.

Users who choose to participate in the next token launch on the Activate platform will begin by completing the verification and tender process for purchasing tokens. Verified consumers use Activate’s built-in tools to purchase, manage and wager their tokens through third-party validators responsible for confirming transactions on the SKALE network. Token holders will then receive rewards as a bonus for their participation, as provided by the SKALE network. Activate provides a stress-free experience with intuitive interfaces that will allow users to use their token for the purpose for which it is intended.

SKALE is a project born from a passion for scaling up the Ethereum ecosystem for more than a billion people. After consulting the Activate team, it quickly became apparent that their approach to managing the launch of a network was in line with our core values ​​of prioritizing developers and the quality of the network, be it This involves offering an exceptional experience to token holders, carrying out an in-depth verification of the teams and technologies, or ensuring that the incentives of the core teams are in line with the overall health of the network. We are delighted to be working with ConsenSys Codefi to demonstrate how a successful network launch can benefit everyone. ” said Jack O’Holleran, co-founder of the SKALE network.

This article is a press release shared with Cryptonaute and published for informational purposes, it was not written by our team.