Security

Skate relies upon BFT Consensus which is one of the most secure

BFT Consensus

Skate relies upon BFT Consensus which stands for Byzantine Fault Tolerance, a property of computer systems that enables consensus to resist certain types of failures, including failure even in the presence of malicious parties.

This means that with BFT we can reach consensus even if some of the nodes go down, or act maliciously. As long as 2/3 of nodes act honestly, the network is secure.

BFT systems are considered extremely secure and it's commonly used by top networks including the Cosmos ecosystem, XRP Ledger, Chainlink, Avalanche, BSC, and more.

Another beneficial aspect is that there is near-instant finality.

EigenLayer

Skate leverages EigenLayer to execute transactions and send state attestations.

EigenLayer allows Ethereum stakers to restake their ETH, meaning that they can take on additional responsibilities in return for additional yield, at a greater risk of slashing. For example, "restakers" can validate transactions for Skate. If they act malicious, or mess up by accident, they are penalized ("slashed") with ETH taken from them and used to compensate those affected.

In practice, this might mean that a restaker confirms that a Skate transaction looks valid. As this guarantee is backed by their collateral, if they are incorrect, their slashed funds act as a form of insurance.

To learn more visit https://www.eigenlayer.xyz/

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