Who: CEO Jack O’Holleran and CTO Stan Kladko, 33 employees, open source contributors, ambassadors, and community members
What: SKALE started as an Ethereum L2 scaling solution offering elastic sidechains, but evolved into an expandable multi-chain offering that has both L1 and L2 capabilities. SKALE chains can execute sub ½ second block times, run very high TPS per chain, run full-state smart contracts, support decentralized storage, execute Rollups, and machine learning in EVM. Open source project.
Where: San Francisco, California and Kharkiv, Ukraine
When: Founded 2018, Launch timeline: Testnet August 2019, Mainnet October 2020, Multi-chain April 2021
Why: CEO Jack was interested in starting a blockchain company, and investors introduced him to Stan and offered to fund any idea addressing the Ethereum scaling problem.
How: $22M in funding, 33 employees, and dozens of code contributors and ambassadors Consensys Codefi Activate TVL = $2.3B
Strengths: World class builders, strong backers, listed on 23 exchanges, strong community, allied with Ethereum
Weaknesses: Launched multi-chain April 2021 due to delays, now competing against multiple L2 offerings, some with a head start
Traction: 135 projects in the SKALE innovator program committed to using the SKALE multi-chain offering, across DeFi, Gaming, NFTs, including Minds, Collab.land, Bondly, and CryptoCrusades.
Future Plans: Onboard SKALE innovators to multi-chain platform, build new features: onchain decentralized governance, greater configurations, verification and sequencing
- whitepaper - https://skale.network/whitepaper