Scroll- A potential Layer 2 scaling solution for Ethereum?

incarts - 2 days ago

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?