Scroll has achieved a significant milestone in expanding Ethereum's capabilities, reaching Stage 1 status as a full EVM zk-Rollup. This milestone is poised to enhance decentralization and security within the Ethereum ecosystem.
The Euclid Upgrade and Its Significance
The Euclid upgrade is a landmark development for Scroll, now recognized as a full EVM zk-Rollup. This achievement has the potential to increase Ethereum network usage and capital inflow, similar to previous Layer 2 innovations.
Community Reaction and Key Figures
The crypto community has responded positively to this upgrade, anticipating increased reliability and censorship resistance. The upgrade has been acknowledged by Ethereum co-founder Vitalik Buterin. Quote: "Scroll has achieved a key upgrade through the Euclid update..." — Ye Zhang, Co-founder, Scroll.
Future of Scroll and Its Impact on Ethereum
With Scroll's achievement, an increase in Total Value Locked (TVL) and dApp deployment is expected. Scroll's success may drive further innovation and competition in the zk-Rollup domain, contributing to the overall development of the Ethereum network.
The Euclid upgrade significantly strengthens Scroll's position within the Ethereum ecosystem, creating positive prospects for both developers and users. This event highlights the importance of improving scaling solutions, which may attract renewed interest from institutional investors.
