👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Ethereum Layer 2 zkEVM Solution Goes Live on Mainnet

Published 2023-10-17, 02:15 p/m
© Reuters.  Ethereum Layer 2 zkEVM Solution Goes Live on Mainnet
ETH
-

U.Today - Scroll, one of the most important Ethereum zkEVM networks, has announced the official launch of its mainnet, reported.

In a new tweet, Scroll, a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools, excitedly announced the launch of its mainnet after more than two years of building.

Scroll is an EVM-equivalent Layer-2 scaling solution for Ethereum that utilizes ZK technology, enabling faster and more efficient transactions while maintaining the security of the Ethereum blockchain.

Scroll was founded in 2021 by some enthusiasts and open-source contributors to scale Ethereum through zero-knowledge cryptography.

With security being a top priority, Scroll was battle-tested over three consecutive testnets, which included a rigorous auditing period.

The Scroll team stated that in uncovering potential vulnerabilities during the testing period, it operated both blue and red security teams dedicated to this. Four security audit firms were also engaged for comprehensive external audits.

In the period of testing, stated it processed more than 450,000 smart contract deployments, 90 million total transactions, an average of 305,000 transactions per day, produced over 9 million blocks and generated over 280,000 ZK proofs.

As reported by Wu Blockchain, Scroll's mainnet will first focus on onboarding infrastructure providers, stating that its next milestone, per its roadmap, is to build a decentralized proof network and a decentralized sequencer.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.