Business News Report

Scroll Unveils Its Mainnet, Enhancing Ethereum's Scaling Approach

In Brief

After a dedicated 15-month period filled with multiple testnets and thorough security evaluations, Scroll has officially rolled out its Mainnet.

It provides a solution compatible with the Ethereum Virtual Machine (EVM) and places a high premium on security, which is supported by a bug bounty program.

Scroll Launches on Mainnet, Enhancing Ethereum Scaling Solutions

Scroll today officially introduced The successful launch of its Mainnet marks the end of a detailed 15-month journey characterized by multiple testnet phases, stringent security checks, and a strong commitment to collaborating within the open-source community. The Scroll team emphasizes that their dedication to research has led to significant improvements in prover efficiency, culminating in the creation of zkEVM, a scaling solution that mirrors Ethereum's functionality but offers reduced costs and improved speeds.

Founded in 2021 with the goal of improving Ethereum's scalability, the firm maintains active partnerships with the open-source community. Focusing on enriching the developer experience, Scroll aims to provide an EVM-compatible environment that allows for a seamless transition of existing applications and developer tools from Ethereum to their platform.

Moreover, ensuring security remains at the forefront for Scroll, as multiple internal and external audits safeguard the project’s reliability. The robust bug bounty program on the Immunefi platform further fortifies security measures. The development journey also involved several successful testnets that yielded critical insights, shaping the platform in preparation for its Mainnet debut.

Source: Scroll

Scroll actively promotes global involvement, inviting developers from around the world to innovate using its platform. With the Mainnet officially live, it's an open invitation for the community to partake in this exciting path of ongoing development and progress.

Scroll’s Vision for Enhancing Cryptocurrency Operations

Scroll has attracted With a significant financial backing, totaling $30 million from investors such as Polychain Capital, Bain Capital Crypto, and Geometry DAO, plus support from prominent figures in the Ethereum ecosystem, Scroll is making waves. Notably, Aave v3, a major player in decentralized finance, is considering launching its v3 Minimum Viable Product on the Scroll Mainnet, signaling a possible strategic partnership.

What sets Scroll apart is its inherent compatibility with Ethereum, effectively acting as an extension of Ethereum's ecosystem. By harnessing zero-knowledge technology and achieving EVM equivalence, it functions as a second-layer (L2) blockchain developed by Ethereum’s own architects to scale Ethereum without sacrificing its foundational principles.

As Scroll enhances Ethereum's capacity, the industry eagerly anticipates its effects on decentralized applications and transaction speeds, all while reinforcing a steadfast dedication to Ethereum’s future.

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