September 3, 2021
Token: Transfers Bridges Swaps - Mathematics for the Impatient
Welcome to "Mathematics for the Impatient" with SKALE CTO and cofounder Stan Kladko. This series is designed to take a look at the mathematics behind blockchain and present it in a way that is easily consumable and understandable. Today's topic is token transfers, bridges and swaps. If you were curious to understand the guts underneath, listen in!
00:22 What happens when a token is transferred?
03:38 What is a token bridge and why is it important to be decentralized?
07:57 Why does a token cost X to transfer and how long does it take?
11:10 What are token swaps and how do people make money?
SKALE is a multichain network composed of an unlimited number of secure, decentralized, high-performance Ethereum Blockchains. These SKALE Chains were purpose-built to bring Web3 to billions of consumers around the world. SKALE’s advanced cryptography and pooled security model is fast, secure, and decentralized, allowing developers to deliver amazing user experiences to end users without gas fees or latency. SKALE’s modular and extensible platform includes EVM functionality, file storage, interchain messaging, and machine learning capabilities, but is open sourced and designed to allow developers to easily use best of breed solutions when necessary. This architecture further allows applications to run completely on SKALE chains without centralized dependencies.
The SKALE Network is an open source project with many contributors including SKALE Labs, Inc. headquartered in San Francisco, CA. The SKALE Network’s supporters include Arrington Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia VP, and Winklevoss Capital. The SKALE Network is supported by many of the top validators in the world including 01NODE, Ankr, Anonstake, Audit One, Blockdaemon, Blockware, Chainflow, Chainode, Chorus One, Cypher Core, Dokia Capital, Figment Networks, FreshSkale, Hashed x DELIGHT, Hashquark, Staked, Stakin, Stake With Us, WolfEdge Capital, as well as Staking Facilities. SKALE Network utilised the $SKL token which is listed on 25 exchanges globally, including Binance, Coinbase, FTX, Gemini, Huobi, OKEx and more.
For more information
Dapp Developers interested in utilizing SKALE for a project, please apply to the SKALE innovator program.
Documentation on deploying a Dapp to SKALE can be found in the Developer Portal.
To learn more about the SKALE $SKL token, please visit our SKL Token page