- Overview of Scroll and its Technology
- Scroll's Funding and Achievements
- Significance of ZK-Rollups and Other Notable Projects
Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), announced its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade to its mainnet called the Curie upgrade.
Overview of Scroll and its Technology
Scroll, fully compatible with the Ethereum Virtual Machine (EVM), allows Ethereum transactions to be faster and at lower costs. This enables the support of Ethereum applications without needing modifications.
Scroll's Funding and Achievements
In the last round of funding, Scroll raised $50M, achieving a $1.8B valuation. Led by co-founders Sandy Peng, Ye Zhang, and Haichen Shen, the Scroll team aims to establish a strong presence in the Ethereum ecosystem. The company previously raised $30M in Series A, led by Polychain Capital and Bain Capital Crypto.
Significance of ZK-Rollups and Other Notable Projects
Besides Scroll, other prominent ZK-rollup projects like zkSync and StarkNet are also worth attention. The interest in these technologies reflects a broader trend towards scaling Ethereum efficiently while addressing high gas fees and transaction delays.
With the successful release of the Curie upgrade and the potential for a token launch, Scroll is poised to make a significant impact in the Ethereum Layer 2 space. Keeping an eye on such developments can be beneficial for those interested in emerging technologies in the crypto world.
Comments