There’s been an exponential increase in Ethereum user activity since its introduction in 2015, ultimately resulting in hitches like network congestion, increased gas fees, and sluggish transaction times.
While various Layer 2 solutions have been drafted in to resolve these limitations, ZK rollups have performed exceptionally largely because of its scalability efficiency while upholding security.
Introducing another Layer 2 scaling solution for Ethereum that leverages zk-rollups is the team of Scroll, with priority given to scalability, reduction in transaction costs, security maintenance and decentralization.
With Scroll, $SCR set to launch on Bitget, here are a few key highlights to note:
- It aligns with current market trends in the sector, having been built using zkEVM technology with scalability and security solutions.
- Scroll has enjoyed quality funding, with a valuation of $1.8 billion, having the support of several top-tier venture capital firms
- Backed by a solid team with extensive experience and expertise in ZK proofs, cryptographic algorithms, and machine learning systems.
Could Scroll bring along with it a breath of fresh air for Ethereum ecosystem if all goes to plan?