Skale Labs announced that it is unveiling a third version of its blockchain to boost scalability and efficiency.

“This will make Skale, certifiably, the highest capacity blockchain, without a doubt," Skale Labs CEO and co-founder Jack O’Holleran told The Block. "It gives us huge efficiencies in terms of throughput and block finality, so it’s a huge technical upgrade."

To put into context how many years this newest version of Skale has been in the making, O’Holleran pointed out that Skale 1.0 launched in October 2020, and then version 2.0 launched nearly two years later in June 2022.

Skale 3.0, called Pacifica by the company, will accelerate "block mining speed by 108%" while increasing "transaction throughput by 122%," the company said. The Skale blockchain is an Ethereum-compatible …