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Scroll, Ethereum’s Scaling Solution Launches Mainnet

Ian Pittman by Ian Pittman
2 years ago
Scroll, Ethereum's Scaling Solution Launches Mainnet
  • Scroll’s mainnet, using zero-knowledge rollup technology, has officially launched.
  • Scroll aims to execute smart contracts while maintaining Ethereum compatibility.
  • Scroll’s future objectives include constructing a decentralized system of validators.

The mainnet of Scroll, a project utilizing zero-knowledge rollup technology to enhance Ethereum’s throughput, has been officially launched, as stated in a Tuesday announcement.

Colin Wu, a journalist from China, has stated that the primary focus of Scroll’s mainnet will be to integrate infrastructure providers into the network. According to the team, the project employs zkEVM technology, which offers a user experience almost indistinguishable from Ethereum.

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Scroll, one of the most important Ethereum zkEVM networks, announced the official launch of its mainnet. Scroll’s mainnet will first focus on onboarding infrastructure providers. Scroll team said its unique bytecode-level EVM compatible zkEVM offers a virtually identical…

— Wu Blockchain (@WuBlockchain) October 17, 2023

One of the primary benefits of zkEVM rollups such as Scroll is their ability to execute smart contracts while maintaining complete compatibility with the Ethereum Virtual Machine (EVM). This circumvents some of the constraints associated with other scaling strategies.

Scroll outlined upcoming milestones

In the recent press release, the team detailed forthcoming objectives, including constructing a decentralized system of validators and sequencers for transaction sequencing. This suggests that the introduction of a native token and airdrops may not be immediate and are expected to be later in the roadmap.

Throughout this period of testing, Scroll processed:

– More than 450K smart contract deployments
– 90M+ total transactions
– An average of 305K transactions per day
– Production of over 9M blocks
– Generation of over 280K ZK proofs

— Scroll 📜 (@Scroll_ZKP) October 17, 2023

Scroll and similar rollups essentially consolidate or “roll up” transactions off-chain, creating cryptographic proofs that are validated on Ethereum. This process can notably decrease traffic and associated costs on the primary chain.

Scroll, in collaboration with the zkEVM project zkSync, is striving to enhance throughput while maintaining Ethereum’s security assurances and ecosystem backing. Nevertheless, it seems that the decentralization of control and token distribution are still in the initial phases.

The initiation signifies a substantial progression for Scroll. However, actual utilization and acceptance are still major hurdles to overcome, especially as Ethereum’s demand continues to rise. Rollups are viewed as a greatly expected scaling pathway to unleash Ethereum’s genuine long-term capabilities.

Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.

Tags: AltcoinETHEthereumMainnetScrollzkEVM
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Ian Pittman

Ian Pittman

A professional reporter, an inquisitive and innovative individual who poses inquiries that others may shy away from. He is keenly interested in the metaverse, technological advancements, and NFTs.

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Ethereum (ETH)
0.28%
$ 2,524.83
$ 7.07
⇣ 2,472.36
21 May
⇡ 2,574.83
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