Ethereum’s Layer 2 Network Scroll Launches Mainnet, Providing Increased Speed and Lower Fees for Developers

5:50 pm
October 17, 2023
  • Scroll is an open-source Ethereum Layer 2 rollup that utilizes zero-knowledge proofs.
  • The network provides developers with increased speed and lower fees.

Scroll, an Ethereum layer 2 network powered by zkEVM, has officially launched its mainnet. The launch follows the quiet deployment of zkEVM on the Ethereum mainnet a few days ago.

Founded in 2021 by Ethereum enthusiasts and developers, Scroll is focused on advancing zero-knowledge proofs on the proof-of-stake blockchain.

Scroll’s Mainnet Launch

The Scroll mainnet launch comes after over 15 months of extensive testnets and security audits. This development means that Scroll is now publicly available.

“Our testnets have allowed us to approach the Mainnet release with the attention to detail and caution necessary to ensure its success,” the team noted in an announcement published on Tuesday.

Since its initial release, Scroll’s testnets have seen over 450,000 smart contracts deployed and over 90 million total transactions, averaging 305,000 transactions per day. The blog release also highlighted the production of over 9 million blocks and 280,000 zk proofs generated.

Users of the zkEVM-enabled scaling solution will benefit from EVM compatibility and the security of the Ethereum blockchain. Furthermore, Scroll promises lower network fees and latency, providing developers with a cost-efficient platform for building decentralized applications.

“We see a future where the vast majority of value transfer takes place on L2s on Ethereum. What will drive that adoption is improved user and developer experience,” said Sandy Peng, co-founder of Scroll.

“We focus on enabling developers to build blockchain applications that will anchor web3 in real-world use cases, attracting new users en masse and moving everyone forward.”


Share:

More in this category ...

1:00 am December 7, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Featured image for “Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’”
12:16 am December 7, 2023

Coinbase unveils global, instant money transfers via popular messaging and social platforms

6:39 pm December 6, 2023

Decentralized Identity Management: The Power of Blockchain in Government

5:03 pm December 6, 2023

BitMEX Collaborates with PowerTrade to Introduce New Crypto Products for Traders

4:59 pm December 6, 2023

Reskilling your workforce in the time of AI

1:02 pm December 6, 2023

Assemblyman Proposes Bill to Regulate Digital Assets as Securities

Featured image for “Assemblyman Proposes Bill to Regulate Digital Assets as Securities”
9:45 am December 6, 2023

ORDI worth hits new all-time top as Bitcoin touches $42k

5:18 am December 6, 2023

Societe Generale Launches Inaugural Digital Green Bond on Ethereum Blockchain

2:33 am December 6, 2023

Bitcoin skyrockets to $44,000 as bulls brush bears apart

1:06 am December 6, 2023

DWF Labs Invests Additional $1.25M in FLOKI to Support the Ecosystem

Featured image for “DWF Labs Invests Additional $1.25M in FLOKI to Support the Ecosystem”
7:12 pm December 5, 2023

TokenFi (TOKEN) worth is up 48% as of late: Here’s why

5:38 pm December 5, 2023

Retailers can faucet into generative Computational Intelligence to beef up reinforce for patrons and staff

1:08 pm December 5, 2023

Record-Breaking Inflows in Crypto Investment Products Echo 2021 Bull Run

Featured image for “Record-Breaking Inflows in Crypto Investment Products Echo 2021 Bull Run”
12:36 pm December 5, 2023

Big Data and Analytics: Driving Efficiency in the Digital Supply Chain

11:58 am December 5, 2023

Jellyverse secures $2 million seed round to build DeFi 3.0

5:42 am December 5, 2023

A guide to efficient Oracle implementation

5:06 am December 5, 2023

From Fiat to Crypto: Exploring the Role of Regulated Exchanges in Digital Asset Adoption

4:44 am December 5, 2023

Top crypto picks to buy at rising market before it’s too late

1:10 am December 5, 2023

Core Scientific explains its latest bankruptcy plan ahead of court date

Featured image for “Core Scientific explains its latest bankruptcy plan ahead of court date”
9:36 pm December 4, 2023

Enhancing Privacy with Zero-Knowledge Proofs: The Power of Privacy-Focused Blockchains

9:29 pm December 4, 2023

Riot purchases BTC miners worth $290M from MicroBT

6:03 pm December 4, 2023

The Importance of Supply Chain Optimization in Today’s Business Environment

2:16 pm December 4, 2023

Standard Chartered Zodia integrates Ripple-owned Metaco’s crypto storage services

2:06 pm December 4, 2023

Web 3.0: The Internet of Value and Smart Contracts

1:13 pm December 4, 2023

Crypto Executives Predict Bull Run for Bitcoin in 2024, Others Disagree

Featured image for “Crypto Executives Predict Bull Run for Bitcoin in 2024, Others Disagree”
6:35 am December 4, 2023

Comparing Traditional and Decentralized Storage: What You Need to Know

6:23 am December 4, 2023

Empowering Security Analysts: Strategies to Maximize Productivity and Efficiency

1:12 am December 4, 2023

Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024

Featured image for “Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024”
11:01 pm December 3, 2023

How Token Economics Drive Value Creation and Incentives in Blockchain Projects

6:44 pm December 3, 2023

How generative AI delivers value to insurance companies and their customers