In a significant development for the world of blockchain and cryptocurrency, Scroll has announced the launch of the mainnet for its zkEVM-based Layer 2 network. This move is expected to have far-reaching implications for the Ethereum ecosystem and the broader blockchain industry.
The Scroll mainnet, which went live at 6:00 UTC today, is already demonstrating impressive activity, with over 4,600 transactions and 4,400 blocks produced. This achievement marks a pivotal moment in the evolution of blockchain technology, with the Scroll mainnet serving as a security-focused scaling solution for Ethereum, aimed at delivering faster and more efficient transactions while maintaining the blockchain’s inherent security.
Scroll’s journey to this significant milestone began with the launch of its testnet on Sepolia back in August. This testnet served as a critical stepping stone, providing users and developers with the opportunity to experiment and fine-tune the platform’s features, ensuring that the mainnet’s launch would be as smooth as possible.
La estonteco estas malfermita.
— Scroll 📜 (@Scroll_ZKP) October 10, 2023
At its core, Scroll is designed to be an EVM-equivalent Layer 2 scaling solution for Ethereum. By utilizing Zero-Knowledge (ZK) technology, it enables not only faster and more efficient transactions but also retains the rock-solid security that Ethereum is known for. This blending of speed and security is a crucial factor in the Scroll platform’s appeal, making it a promising solution for Ethereum’s scalability concerns.
What makes Scroll’s journey even more remarkable is the substantial backing it has received from prominent names in the blockchain and venture capital world. In multiple funding rounds, Scroll managed to secure a total of $83 million in funding, the latest round valuing the project at an impressive $1.8 billion. This immense show of support comes from notable investors, including Polychain Capital, Sequoia China, Variant, and others who recognize the potential of Scroll in the blockchain space.
Scroll’s innovative approach to scaling Ethereum is a game-changer, as it not only addresses the network’s limitations but does so without compromising its core principles of security and decentralization. As the Scroll mainnet continues to gather momentum and user adoption, it’s expected to contribute significantly to Ethereum’s growth and provide a practical solution to the blockchain’s ongoing scaling challenges.
Moreover, Scroll’s commitment to maintaining compatibility with existing applications and tools means that developers can seamlessly transition to this new Layer 2 solution without having to reinvent the wheel. This approach is expected to expedite the adoption of the Scroll platform and further enhance its value proposition.
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