Business News Report
October 17, 2023

Scroll Launches on Mainnet, Expands Ethereum Scaling Solutions

Scroll Launches on Mainnet, Expands Ethereum Scaling Solutions

Scroll today officially introduced its Mainnet. The achievement comes after an extensive 15-month journey featuring multiple testnets, rigorous security audits, and a commitment to open-source collaboration. According to the team, Scroll’s strong focus on research resulted advancements in prover efficiency and the development of zkEVM, a scaling solution akin to Ethereum but with lower costs and faster speeds.

Founded in 2021 with a mission to enhance Ethereum scalability, the company actively collaborates with the open-source community. With a strong emphasis on developer experience, Scroll aims to offer an EVM-compatible solution, enabling transition for existing applications and developer tooling from Ethereum to Scroll.

Furthermore, Scroll says its top priority is security, with internal and external audits ensuring the integrity of the project. A robust bug bounty program on the Immunefi platform further enhances security. The project’s progression was supported by a series of successful testnets, providing valuable insights and refining the platform for its Mainnet release.

Scroll Launches on Mainnet, Expands Ethereum Scaling Solutions
Source: Scroll

Scroll’s global initiatives encourage developers worldwide to experiment with their platform. With the Mainnet now live, Scroll extends an invitation to the community to participate in this ongoing journey of development and innovation.

Scroll’s Mission to Enhance Crypto Operations

Scroll has attracted substantial investment, securing $30 million from backers like Polychain Capital, Bain Capital Crypto, and Geometry DAO, along with support from Ethereum community figures. Aave v3, a prominent DeFi platform, is considering deploying its v3 Minimum Viable Product on the Scroll mainnet, potentially creating a strategic alliance between the two.

Scroll’s unique selling point lies in its role as an extension of Ethereum, offering native compatibility with Ethereum’s tools and applications. By leveraging zero-knowledge technology and achieving EVM equivalence, it serves as a second-layer (L2) blockchain designed by Ethereum developers to scale Ethereum while preserving its core principles.

As Scroll enhances Ethereum’s scalability, the industry looks forward to its impact on decentralized applications and transactions, maintaining a steadfast commitment to Ethereum’s future.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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