Is there still room for those wishing to enter the layer 2 sector? If the launch of Scroll’s mainnet and bridge is anything to go by, the narrative around scalability solutions is far from over. Find out what Scroll is all about and what its key assets are in this quick overview of the project co-founded by Sandy Peng.
Scroll officially deploys its core network
Scalability solutions have been proliferating on the Ethereum blockchain for the past 2 years. All have a common goal: to guarantee minimal transaction costs without impacting network security. Like Polygon, Optimism and Arbitrum, Scroll is no exception to the rule.
With over 90 million transactions in its test phase, and an average of 300,000 daily transactions, Scroll promises to deliver excellent performance for its new users. Its ecosystem is already made up of over 180 projects, including SushiSwap, Pendle, LI.FI and AAVE.
Meow ~ https://t.co/3prkeG6Z4b
– Sandy Peng | Scroll | (@SandyPeng1) October 17, 2023
With the launch of its mainnet, developers are now able to deploy their decentralized applications (dApps) and migrate those already running on Ethereum thanks to its compatibility with the Ethereum Virtual Machine (EVM). In addition to being compatible with the blockchain imagined by Vitalik Buterin, Scroll has implemented zero knowledge proofs (ZKP) in its infrastructure.
As a reminder, this technology makes it possible to prove information without disclosing it. For example, it can be used to prove that an individual is old enough to participate in gambling activities, without having to reveal his or her exact age
To attract more users to their project, the teams behind this layer 2 have also launched a bridge to allow anyone to transit assets between the Ethereum and Scroll blockchains.
It’s worth noting that the new layer 2 demonstrates its seriousness by the importance it attaches to the security of its network: its bridge and smart contracts have been audited by OpenZeppelin and Zellic. While the former works with AAVE and Optimism, the latter is actively collaborating with Yuga Labs (parent company of BAYC), Sushi Swap and Aptos.
Today, all the lights are green for Scroll and its teams. Will this new scalability solution succeed in establishing itself on the podium of the most widely used blockchains? Only time will tell
