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Cryptocurrencies/Coins/SKALE Network (SKL)
SKALE Network price, market cap on Coin360 heatmap

SKALE Network(SKL)

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$0.071233
(-4.99%)
0.00000299 BTC
Market Cap (Rank#153)
$261,858,636
10,982 BTC
Vol 24h
$16,107,637
675.541 BTC
Circulating Supply
3,676,102,671
Max Supply
7,000,000,000
233 days agocryptodaily
Nym Launches The Nym Sandbox Testnet As Part Of Its Three-Step Mainnet Release
Privacy startup Nym Technologies has officially introduced its Nym Sandbox testnet, enabling developers, node runners, and researchers to start experimenting with the Nym mixnet architecture before deploying on the mainnet. Earlier this month, the Nym development team also rolled out the first permanent Nova testnet. The launch of the Sandbox testnet marks another significant milestone in Nym’s 2021 calendar as the team inches closer towards the culmination of its three-step mainnet release. All of the ongoing releases are interconnected and have been strategically mapped out by the Nym development team over the past few months. In general, 2021 has been highly eventful for Nym Technologies. Throughout the year, the team has made significant advancements in product development, including the successful launch of the Nym Desktop Wallet for mix nodes and the transition of the mixnet explorer to a fully open-source platform. The launch of the Nym Sandbox is critical for the planned mainnet release because the CosmWasm 1.0 upgrade for the smart contract platform that powers the NYM tokenomics, has also been rolled out alongside the testnet release. Following the launch of the Sandbox testnet, Dave Hrycyszyn, CTO and co-founder of Nym Technologies, notes, “The permanent testnet is an important step in the development of the entire Nym architecture. It will contain most major components and smart contracts, but in a secure test environment for us to tweak any issues before we begin the launch.” The Sandbox Opens For Developers, Node Runners, And Researchers The Nym Sandbox testnet is open for all developers, node runners, and researchers, allowing them to try out the Nym mixnet architecture before joining or deploying on the mainnet. However, unlike the previously released testnets, the Nym Sandbox testnet will not be incentivized. The testnet will support test tokens and offer a similar environment as that of the mainnet, including reward sharing, active, standby, and inactive node sets, among others. When it comes to building wallets and other applications, Nym Sandbox will be a permanent testnet for developers to test their work. At the same time, Milhon, the current testnet for Nym, will also be moved to Nym Sandbox to streamline things even further for developers. Additionally, Nym Sandbox is expected to deliver a significant edge for the Nym research community as a whole. Researchers can now run massive simulations on the privacy and security of distributed systems such as mixed networks and distributed ledger technologies, including blockchains, wallets, and the apps that run on them. The Sandbox testnet will allow researchers to upgrade Nym’s infrastructure for its distributed mix networks and strengthen privacy and anonymity by experimenting with novel cybersecurity methods. Ania Piotrowska, Nym Head of Research, notes, “Early on we concluded that the benefits of our Nym Sandbox testnet Nym Sandbox environment would be a boon for research purposes. We believe it will be instrumental in helping familiarize both the crypto and non-crypto communities with our technologies, all while granting them the chance to engage with our novel privacy services in a riskless environment. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About SKALE Network

The live price of SKALE Network (SKL) today is 0.071233 USD, and with the current circulating supply of SKALE Network at 3,676,102,671 SKL, its market capitalization stands at 261,858,636 USD. In the last 24 hours SKL price has moved 0.005991 USD or 0.09% while 21,420,314 USD worth of SKL has been traded on various exchanges. The current valuation of SKL puts it at #153 in cryptocurrency rankings based on market capitalization.

Learn more about the SKALE Network blockchain network and how it works or follow the price of its native cryptocurrency SKL and the broader market with our unique COIN360 cryptocurrency heatmap.

SKALE Network Price0.071233 USD
Market Rank#153
Market Cap261,858,636 USD
24h Volume16,107,637 USD
Circulating Supply3,676,102,671 SKL
Max Supply7,000,000,000 SKL
Yesterday's Market Cap274,915,230 USD
Yesterday's Open / Close0.068793 USD / 0.074784 USD
Yesterday's High / Low0.078252 USD / 0.068312 USD
Yesterday's Change
0.09% ( 0.005991 USD )
Yesterday's Volume21,420,314 USD
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