In the evolving landscape of blockchain technology, Scroll has quickly become a focal point for developers and investors seeking a scalable, efficient solution for Ethereum’s limitations. By utilizing zk-Rollup technology and maintaining EVM compatibility, Scroll aims to enhance transaction speed and reduce costs while preserving security. Whether you’re new to the world of Layer 2 solutions or an experienced participant, understanding Scroll’s potential could help you make informed decisions and maximize opportunities like the Scroll airdrop. Lastly, we’ll show you how to start trading SCR/USDT with XT.COM.

Table of Contents

What is Scroll?

What is zkEVM?

The Features of Scroll Network

How Does Scroll Network Work?

zkEVM – Scroll, Taiko, zkSync Comparison

Start Trading SCR/USDT with XT.COM!

What is Scroll?

Scroll is a zk-Rollup-based Layer 2 scaling project developed for Ethereum, offering full Ethereum Virtual Machine (EVM) compatibility, commonly known as zkEVM. Launched to address the limitations of Ethereum’s scalability, Scroll optimizes the transaction process by compressing data and using zero-knowledge proofs. This results in faster transactions and lower fees without compromising security.

Founded in 2021, Scroll has rapidly advanced through its testnet phases and successfully launched its mainnet in October 2023. The project’s valuation has reached $1.8 billion, with support from major investors like Polychain Capital and Sequoia China. This funding has enabled Scroll to develop a robust ecosystem and prepare for its highly anticipated Scroll airdrop, providing opportunities for early adopters to engage with the network.

What is zkEVM?

zkEVM (Zero-Knowledge Ethereum Virtual Machine) is an EVM-compatible virtual machine that integrates zero-knowledge proof (ZKP) technology. ZKPs are a form of encryption that verifies transaction validity without revealing any sensitive data, making it highly secure and efficient.

The evolution of zkEVM technology allows Ethereum’s smart contracts and decentralized applications (dApps) to run seamlessly on Layer 2 networks like Scroll. Developers can deploy their projects without altering existing code, making Scroll an attractive option for those looking to scale applications efficiently.

The Features of Scroll Network

Scroll distinguishes itself through several key features:

EVM Compatibility: Scroll’s zkEVM framework allows full compatibility with Ethereum’s existing infrastructure. Developers can migrate and deploy applications with minimal modifications, maintaining the same user experience as on the Ethereum mainnet.

Cost Efficiency: By compressing transaction data, Scroll drastically reduces gas fees, offering a cheaper alternative to Ethereum’s high costs.

High Throughput: Scroll’s network significantly increases transaction speed, handling more transactions per second than Ethereum, making it ideal for dApps with high traffic and complex operations.

Enhanced Privacy: Zero-knowledge proofs ensure that sensitive transaction details remain confidential, boosting user privacy and security.

Decentralization and Security: Scroll uses a decentralized validation network, where community validators can participate in the proof generation process, enhancing security and avoiding centralization risks.

These features position Scroll as a leading zkEVM solution, set to rival other well-established networks like Taiko and zkSync.

How Does Scroll Network Work?

Scroll operates using a multi-layered architecture that integrates zk-Rollup technology for efficient transaction validation. The process involves several steps:

Asset Deposit: Users deposit assets into Scroll’s Layer 1 smart contract on Ethereum. These assets are then locked for use on the Layer 2 Scroll network.

Transaction Execution: Users conduct transactions on Scroll’s Layer 2 network. The sequencer collects these transactions and creates block sequences while generating proofs for each block.

Proof Verification: The Rollers (provers) in the network generate zero-knowledge proofs, which are then aggregated and submitted to Ethereum’s Layer 1 for validation.

Transaction Finalization: Once verified by the Ethereum mainnet, the transactions are finalized, ensuring security and transparency.

Asset Withdrawal: Users can withdraw their assets back to Ethereum at any time using Scroll’s cross-chain bridge.

This seamless integration of Layer 1 and Layer 2 ensures that users experience high-speed, low-cost transactions while maintaining the security of Ethereum’s main network.

zkEVM – Scroll, Taiko, zkSync Comparison

The zkEVM landscape is competitive, with multiple projects offering distinct features. Here’s how Scroll compares with two other major players: Taiko and zkSync.

Feature	Scroll	Taiko	zkSync
Funding	Over $800 million	$370 million	$2.58 billion
Total Value Locked (TVL)	$845 million	$120 million	$1.3 billion
Token Market Cap	Not yet launched	$123 million	$670 million
Mainnet Launch	October 2023	May 2024	April 2023
zkEVM Solution Advantages	Type 2 zkEVM. Scroll team has a close relationship with Ethereum Foundation’s PSE group, prioritizing EVM compatibility and decentralization.	Aims to be an Ethereum-equivalent Type 1 zkEVM with a strong focus on EVM compatibility and decentralization.	Type 4 zkEVM, with bytecode optimized for efficient ZK proof generation, leading to shorter proof times.

Scroll’s advantage lies in its complete EVM compatibility, allowing seamless migration of dApps without code changes. Its decentralized network also increases security and minimizes the risks associated with centralized operations, setting it apart from Taiko and zkSync.

Start Trading SCR/USDT with XT.COM!

Trading of Scroll against USDT (Tether) is now available on XT.COM, which provides a straightforward trading interface suitable for both beginners and experienced traders.

XT.COM employs robust security measures to protect user assets and data. We employ industry-leading security measures, like 2FA, SSL encryption, and multi-signature wallets, to protect your funds. Trading with XT.COM is always an enjoyable experience due to our app’s user-friendly interface, trading tools, and features that are accessible on the go.

Resources

XT.COM Trading Page: Scroll USDT

Official Announcement: Check XT.COM’s announcements for the latest updates on trading pairs.

Conclusion

As Ethereum scales through zk-Rollup solutions, Scroll emerges as a promising contender in the zkEVM space. Its focus on bytecode compatibility, cost efficiency, and decentralized validation makes it a top choice for developers and users looking for scalability without sacrificing security. With the ongoing development of its ecosystem and the anticipated Scroll airdrop, early adopters have a unique opportunity to engage with this innovative network and benefit from its growth.

Stay updated as Scroll continues to develop its ecosystem following the mainnet launch. Whether you are a developer or an enthusiast, Scroll offers a seamless, secure, and efficient Layer 2 solution, providing the best of Ethereum’s capabilities with reduced costs and increased performance.

About XT.COM

Founded in 2018, XT.COM now serves nearly 8 million registered users, over 1,000,000+ monthly active users and 40+ million users in the ecosystem. Our comprehensive trading platform supports 800+ high-quality tokens and 1000+ trading pairs. XT.COM crypto exchange supports a rich variety of trading, such as spot trading, margin trading, and futures trading together with an aggregated NFT marketplace. Our platform strives to cater to our large user base by providing a secure, trusted and intuitive trading experience.