• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Scroll Launches zkEVM Mainnet | Blockchain News

October 18, 2023
in Blockchain
Reading Time: 2min read
0 0
A A
0
1inch Joins Ethereum’s zkSync Era for Faster DeFi Transactions
0
SHARES
5
VIEWS
ShareShareShareShareShare

On October 17, 2023, Scroll, an open-source, community-centric Ethereum scaling solution, unveiled its mainnet, marking a pivotal stride towards augmenting scalability and propelling developer adoption on the Ethereum blockchain. This comes after two years of extensive development and stringent testing, utilizing zero knowledge (zk) proofs to offload computation from the primary blockchain, thereby addressing the challenges of rising network traffic and costs on Ethereum due to its burgeoning user and project base.

Scalability Unleashed

Employing zk proofs, Scroll has innovated a mechanism that significantly boosts transaction throughput, by expediting transaction processes and slashing costs, heralding a new chapter in Ethereum’s scalability. The proprietary bytecode-level Ethereum Virtual Machine (EVM) compatible zkEVM, delivers a near-identical user experience to Ethereum, enabling developers to effortlessly migrate their existing Ethereum projects onto Scroll, with zero requisite modifications to the codebase. This exemplifies Scroll’s dedication to scaling Ethereum without sacrificing either security or decentralization.

Security and Community at the Forefront

Scroll’s co-founder, Haichen Shen, emphasized the paramount importance of security, mentioning a holistic approach towards it, backed by a robust internal security team and multiple audits, retaining its open-source ethos from its inception. Over a year of triumphant testnet runs preceded the mainnet launch, with the recent Sepolia testnet alone registering over 900,000 wallet addresses and six million transactions within a two-month span. The mainnet mirrors the Sepolia testnet operations, which will persist as a developmental staging ground.

Collaborative Endeavors and Future Aspirations

Scroll, since its establishment in 2021, has been nurturing an open-source, scalable ecosystem via its zkEVM, while preserving Ethereum’s reputed security features and the community’s decentralization ethos. In the forthcoming period, Scroll eyes the launch of a decentralized prover network and a decentralized sequencer, further advancing its commitment towards a decentralized framework. The project’s collaborative efforts with the Ethereum Foundation’s Privacy and Scaling Explorations (PSE) group have also been notable, contributing to nearly half of the PSE zkEVM codebase.

The mainnet launch is expected to initially cater to onboarding infrastructure providers, gradually extending to global developer communities, fostering the creation of Web3 products, and ushering more users into the Ethereum fold. Scroll’s mission aligns with the broader vision of major value transfers occurring on Ethereum’s Layer 2 solutions, driven by enhanced user and developer experiences.

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

Swiss Company Puts Excess Energy into Bitcoin Mining, Helix Reveals Pre-Launch Futures, TradFi Regulated Credit Union Unveils Crypto Portal, Wirex Introduces Dual-Mode Card

Next Post

This Rare Bullish Bitcoin Crossover Could Soon Form, Quant Predicts When

Next Post
This Rare Bullish Bitcoin Crossover Could Soon Form, Quant Predicts When

This Rare Bullish Bitcoin Crossover Could Soon Form, Quant Predicts When

You might also like

Cardano Whales Are Accumulating and Volume Just Spiked 28%: Is ADA Finally Ready to Break $0.30?

Cardano Whales Are Accumulating and Volume Just Spiked 28%: Is ADA Finally Ready to Break $0.30?

May 1, 2026
White House Signals Imminent Move to Lock In Trump’s Strategic Bitcoin Reserve

White House Signals Imminent Move to Lock In Trump’s Strategic Bitcoin Reserve

April 28, 2026
Bitcoin Price To Bottom At $45K? On-Chain Indicator Says Yes

Bitcoin Sees Renewed Demand From US Institutional Players — What’s Changing?

April 26, 2026
Bullish Links With Ripple Prime to Unlock Bitcoin Options for Institutions

Bullish Links With Ripple Prime to Unlock Bitcoin Options for Institutions

April 30, 2026
Ethereum Price Pulls Back To $2,250, Traders Watch For Reaction

Ethereum Price Pulls Back To $2,250, Traders Watch For Reaction

April 29, 2026
Bitcoin Retests $95,000, Is A New Year Rebound Coming?

Bitcoin Faces ‘Most Critical Week In Months’ Amid $76,000 Retest

April 29, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Dogecoin Whales Return As DOGE Prints Its Third Major Morning Star

Dogecoin Whales Return As DOGE Prints Its Third Major Morning Star

May 1, 2026
Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again

Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again

May 1, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.