Bondly’s next partnership involves SKALE, an open source elastic blockchain platform designed specifically for scaling Ethereum. Our partnership with SKALE will allow for smoother and more efficient transactions as we embrace higher traffic flows onto our platform.
What is SKALE?
SKALE provides developers with Ethereum-as-a-service functionality, with the ability to run small, medium, and large sized SKALE chains, each connected to and compatible with the Ethereum mainnet. Each SKALE chain can support up to 2,000 transactions per second with full EVM-compatibility all the while providing faster commit times and drastically reducing operating costs.
What Will SKALE Help Bondly Scale?
We believe that the layer 2 solutions that SKALE provides are an important step towards mainstream adoption of Ethereum based Dapps. Currently, gas prices are a huge barrier to entry for many consumers. Since Ethereum is the top smart contracts platform, it’s important to have a layer 2 solution for their users. Without a solution like SKALE, fees are too high to be viable for both small users and large marketplaces. SKALE will help Bondly minimize the barrier of entry for new users entering the crypto and digital goods space. They will do this by providing simple yet powerful Dapps that give users flexibility in how and what they want to buy and sell.
What SKALE Features is Bondly Utilizing?
Bondly is focused on using SKALE as a means to dramatically reduce gas costs on Ethereum. This will allow users to leverage Bondly’s platform as an effective means of trading assets with lower fees than our competitors.
What Bondly is saying about SKALE:
“We look forward to working closely with SKALE and their layer 2 solution, which will help facilitate the trading of NFTs and digital assets to the non-crypto world with lower fees than most eCommerce sites.” — Brandon Smith, CEO
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products is designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BondProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.