The Exorde Index is a tool that looks at articles and posts on the web, uses artificial intelligence to calculate tone or attitude to content, and then combines them into a “reputation” score. Such a system requires a very large number of smart contract transactions, as well as a special chain that can scale with Exorde's data needs. And this is SKALE (level 2). SKALE is an elastic sidechain network connected to the Ethereum chain (layer 1) acting as an execution layer. It is a scalable and elastic environment that provides high transaction throughput.
Skale is essentially a solution with which developers can create SideChains for specific applications, protected by blockchain network validators, and speed up the development of smart contracts. And SideChain is a mechanism that allows you to move Ethereum (or any other cryptocurrencies) to another, completely independent blockchain, exchange it there, and then return it back to the main blockchain.
Let us now try to explain this with a simple example.
Imagine a highway - this is the main road (the main chain / Ethereum blockchain) on which vehicles move. And there are side roads that are built next to the highway (SideChain) where cars can move faster and they can connect to the highway when needed.
Thus, SideChain is a separate block chain that is attached to the parent chain (the main chain) using a two-way peg.
And so, SKALE is a gasless blockchain network capable of performing a huge amount of web3 transactions. The SKALE protocol is ideal for Exorde, as the Exorde Index requires a large number of transactions with minimal cost while maintaining a high level of security. SKALE offers Exorde a scalable execution layer that is protected by the full set of SKALE validators.
SKALE allows Exorde to run on top of a high-speed, gas-free blockchain, abstracting away technical issues such as gas costs, confirmation, and transaction latency.
It turns out that all these opportunities allow to improve the user experience and create a more sustainable economic model.
It turns out that, using SKALE, developers can use smart contracts with full functionality without compromising speed, security or decentralization. In addition, SKALE is a great protocol to get your own unique dedicated blockchain space, which fully secures a protocol like Exorde.
To conclude, the past year has been all about designing, thinking, thinking, rethinking… optimizing the Exorde network and its future EXD token economy. The testnet is now 5 months old and the last 2-3 months have been extremely constructive. The team improved blockchain throughput, redesigned the reputation system for greater efficiency, reimagined scalable Data/IPFS systems, optimized smart contracts, launched solidity auditing, released the first data product, and much more.
But all this is only the very beginning of Exorde's journey. Exorde is organically growing and becoming a real community with real network effects! Let's build Exorde together and make it the first data economy of its kind based on blockchain and decentralized data
This new year will be the year of the launch of Mainnet 1.0 and the start of the network effect!
Written by Bimevox
Join to Discord: https://discord.gg/e4y7bjQSwW
Twitter: https://twitter.com/ExordeLabs
https://exorde.network/
Reddit: https://reddit.com/r/Exorde
@ExordeLabs @ExordeIndex #crypto #web3 #protocol #exorde $EXD