Scroll Releases 2024 Vision, Intending to Halve Cross-Chain Expenses
In Brief
In its recently released technical roadmap for 2024, Scroll outlines a strategy that includes slashing cross-chain costs by 50% alongside introducing a 4844 data blob.
Ethereum Layer 2 network utilizing Zero-Knowledge (ZK) rollup technology Scroll This announcement brings to light Scroll's new technical roadmap, detailing their mission for 2024. The strategy focuses on reducing expenses related to cross-chain bridges by 50% through innovative data compression strategies and the integration of a 4844 data blob to lower transaction fees.
Furthermore, Scroll aims to bolster compatibility by adopting EIP 1559 transaction formats and SHA256 precompilation.
The forthcoming upgrade will introduce multiple validators, decentralized proofs, and a parallel Ethereum Virtual Machine (EVM) to boost functionality. Additionally, Scroll plans to launch fair launch initiatives later this month.
Founded in 2021, Scroll is a fully equivalent EVM Designed to enhance the Ethereum network's scalability, ZK-rollups aim to mitigate significant limitations of Ethereum while maintaining seamless interoperability with Ethereum's existing tools and services. By harnessing the power of ZK-rollups, Scroll facilitates off-chain processing and data storage whilst safeguarding the security of the Ethereum network.
Scroll Emerges as a Front-Runner in the Ethereum Layer 2 Landscape
Within the scope of Ethereum's strategies for scalability, ZK-rollups have surfaced as a significant player.
Scroll’s compelling vision received Having secured a noteworthy $30 million investment from Polychain Capital, Bain Capital Crypto, and Geometry DAO, Scroll has garnered substantial support from key figures in the Ethereum ecosystem. The DeFi platform Aave v3 is contemplating launching its v3 Minimum Viable Product on the Scroll mainnet, potentially paving the way for a strategic partnership.
In a recent development, Scroll launched its mainnet Following a diligent 15-month preparation phase that included numerous testnets, stringent security reviews, and a commitment to open-source practices, Scroll is set for a remarkable journey ahead.
Scroll’s newly detailed roadmap for 2024 showcases its ambitious vision, establishing itself as a viable Ethereum scalability solution while effectively addressing issues related to scalability and enhancing transaction speeds within the Ethereum network. ZK proofs Please remember that the information provided herein is not intended to be interpreted as legal, tax, investment, financial, or any other form of professional advice. It is crucial to invest only what you can afford to lose and seek independent financial guidance if uncertain. For more detailed information, it would be wise to consult the terms and conditions and the support resources offered by the issuer or advertiser. MetaversePost strives to deliver accurate and impartial reporting, but do note that market dynamics can vary rapidly without prior notice.
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In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the diverse world of Web3. With an astute awareness of emerging trends and technologies, she provides thorough coverage to keep readers informed and engaged in the fast-changing realm of digital finance.
