Summary
TLDR: Skatechain aims to solve user experience limitations in blockchain networks by providing a universal application layer for all chains. It allows apps to interact with users on multiple chains with a single state, improving efficiency for developers and users. The project has launched its first testnet and plans to go live on mainnet by the end of the second quarter.
Key Points
1. The proliferation of blockchain networks has highlighted user experience limitations, even for experienced crypto users.
2. Skate aims to address the issue of application fragmentation by creating a universal application layer for all chains, allowing dapps to interact seamlessly across different blockchains.
3. Skate’s “hub and spoke model” relies on off-chain executors to facilitate multichain interactions, ultimately improving user experience and operational efficiency for decentralized applications.