Self Chain (SLF) is a Layer 1 blockchain designed to make interacting with decentralised applications (dApps) easy and user-friendly. Instead of requiring complex technical knowledge to navigate DeFi ecosystems, Self Chain helps users achieve their goals more naturally. The platform uses special keyless wallets, meaning users don't need to manage complicated private keys – improving accessibility and simplicity.
Self Chain operates using a consensus mechanism called Delegated Proof-of-Stake (DPoS). Users can stake (lockup) their SLF tokens to support the network, help validate transactions and participate in important governance decisions. The SLF token also has other practical uses, such as paying for transaction fees, rewarding users who help secure the network and serving as collateral for decentralised finance (DeFi) applications within the Self Chain ecosystem.