Scala price is $0.00006511
Currently, the price of Scala (XLA) is $ 0.00006511, with a market cap of about $ 0.9M making it the #2808 largest cryptocurrency. In the last 24 hours, the price has increased by +8.48%.
Scala, formerly known as Stellite, is a privacy-oriented digital asset with a robust focus on decentralized and mobile technology. It enables anyone in the world to send and receive transactions in a secure and anonymous way without the need for costly hardware or infrastructure. It is designed to be user friendly and aims to be the most accessible, privacy-friendly cryptocurrency on the market.
Scala was founded by a team of passionate blockchain enthusiasts and developers. The names of the team members are kept a mystery due to the privacy-focused nature of the project. They are committed to privacy, accessibility, and decentralization in accordance with the principles laid out in the original bitcoin whitepaper by Satoshi Nakamoto.
Scala leverages unique and innovative technology to enable mobile-focused operation. Utilizing a proof-of-work (PoW) consensus algorithm, Scala ensures a decentralized network with mobile device friendly mining. This is achieved by efficiently managing CPU usage, battery life, and data consumption.
Additionally, Scala implements the Cryptonote protocol for transactions, providing additional layers of security and anonymity by obfuscating transaction details. This means that transaction information like sender, receiver, and amount transferred are kept completely private.
Scala, with its rebrand from Stellite, stands out due to its focus on empowering mobile technologies. While most cryptocurrencies depend on powerful mining rigs, Scala is designed to run efficiently on mobile devices.
Aside from this, Scala’s emphasis on privacy and anonymity is another unique feature. Leveraging the Cryptonote protocol, Scala transactions remain completely anonymous, providing a high level of privacy for its users.
The Scala network is secured through a proof-of-work consensus mechanism. Instead of requiring specialized and expensive hardware, this mechanism allows for mining directly from mobile devices. It is designed to be efficient in terms of battery life and data usage, making it accessible for more people.
Scala (XLA) has a circulating supply of 13.5B coins. The total supply of Scala is , indicating that a significant percentage of the total supply is already in circulation.
Scala (XLA) can be purchased on the following exchanges: TradeOgre, CREX24. As with any digital assets, ensure to use reputable exchanges when buying or selling Scala. Always be mindful of the associated risks and take necessary precautions when dealing in cryptocurrencies.
The best way to keep your Scala safe is by employing a secure wallet that supports XLA. Generate and keep your private keys offline to safeguard from potential threats. Always be wary about sharing sensitive information pertaining to your digital assets online, and make sure to use secure and private network connections when transacting.
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