zkEVM Scroll Takes Ethereum Scaling to New Heights

zkEVM Scroll Takes Ethereum Scaling to New Heights

Time Stamp: October 18, 2023 4:45 AM
Source Node: 2943814

Key Takeaways

  • Scroll's mainnet launch aims to improve Ethereum's scalability by offering lower transaction costs and higher throughput.
  • The platform underwent 15 months of extensive testing across three separate testnets.
  • Scroll initially features centralized elements but has a roadmap for transitioning to a more decentralized architecture.

Scroll, a newcomer in the zero-knowledge Ethereum Virtual Machine (zkEVM) arena, has successfully launched its mainnet. This launch is set to offer existing Ethereum applications and developer toolkits a powerful option for scaling.

On October 17th, Scroll's development team unveiled the mainnet launch, revealing that it would pave the way for Ethereum applications to smoothly transition to this newly minted scaling solution.

5 Best Crypto Portfolio Diversification Strategies (Animated Explanation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Emphasizing the ease of integration for developers, the Scroll's team noted:

Everything functions right out of the box.

Scroll's zkEVM technology aims to substantially lower transaction costs while bolstering transaction throughput for decentralized applications on the Ethereum blockchain. This is achieved by aggregating thousands of transactions off-chain and then sending a concise proof to Ethereum's mainnet, summarizing the data.

Interestingly, Scroll had been quiet about its mainnet being operational since October 8th, the date the first smart contract was initialized on the platform.

The mainnet launch resulted from 15 months of meticulous testing and rigorous security evaluations.

Scroll co-founder Ye Zhang recently outlined plans for the project. He indicated that while the platform will initially feature centralized elements, a strategy is in place to transition to decentralization. 

We have a roadmap <...> to solve the single point of failure and to incentivize the community to build better proving hardware.

He also noted that the team is open to community input and will propose several initiatives for public discussion to steer the future direction of Scroll.

Founded in 2021, Scroll aims to be a community-centric solution in the zkEVM space, which already features strong contenders like Polygon, zkSync, StarkWare, and Immutable. Jordi Baylina, the technical lead of Polygon Hermez zkEVM, spoke positively about the competitive landscape, stating:

Having different projects adds a lot of experience, and it’s also a way to test different approaches, ways of handling things, or solving things.

The successful launch of Scroll's mainnet signifies a pivotal moment for Ethereum's scalability and transaction efficiency. As multiple players strive to improve Ethereum's capabilities, the mainnet launch of Scroll adds another robust option for developers and offers promise for the community's ongoing efforts to scale it.

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

Time Stamp:

More from Bit Degree