What is Scroll?

Scroll is a Layer 2 scaling solution for the Ethereum blockchain, designed to improve performance, usability, and reduce transaction costs while maintaining the security and decentralization of Ethereum. Scroll utilizes zkRollup (zero-knowledge rollup) technology to achieve this. Benefits of Scroll:

  • Increase transaction speed: Process transactions faster than the main Ethereum network.

  • Reduce transaction costs: Lower transaction fees compared to the main Ethereum network.

  • Maintain security: Still secured by the Ethereum network.

  • Scalability: Allows more users to participate in the Ethereum ecosystem.

What is SCR Coin?

SCR is the native token of the Scroll network. It is used for:

  • Governance: SCR holders have the right to participate in the network's decision-making process, including voting on protocol upgrades.

  • Rewards: SCR is used to reward participants who contribute to the security and operation of the network.

  • Utility: SCR can be used to pay transaction fees and other services on the Scroll network.

Basic information about Scroll

  • Name: Scroll

  • Trading name: SCR

  • Platform: Scroll Blockchain

  • Total supply: 1,000,000,000 SCR

SCR Token allocation:

  • Reserve fund: 10%

  • Binance Launchpool: 5.5%

  • Ecosystem & Growth: 29.5%

  • Contributors: 22.95%

  • Airdrop: 15%

  • Investors: 17.05%

Who created Scroll (SCR) Coin?

Scroll (SCR) was founded by three co-founders: Sandy, Haichen, and Ye. Before starting Scroll, all three researched zkEVM technology for Ethereum together. They then decided to branch out to develop Scroll as a separate project. Currently, the Scroll project has attracted significant interest, and the development team is growing stronger with 30 members from around the world.

Investors

The Scroll platform has achieved significant success by raising over 83 million US dollars from top investors worldwide.

The latest funding round has confirmed Scroll's position in the market, raising up to 50 million US dollars and valuing the company at 1.8 billion US dollars. The participation of prestigious investment funds like Polychain Capital, Sequoia China... shows that Scroll is highly regarded and has the potential to become a leading project in the industry.

The pros and cons of Scroll

Advantages

  • High performance: Scroll can process a large volume of transactions at low costs and with fast confirmation times.

  • Availability: Scroll is compatible with EVM, making it easier for developers to build and deploy applications.

  • Security: Scroll inherits the security of Ethereum, ensuring the safety of users' assets.

  • Development potential: Scroll has the potential to become one of the leading Layer 2 scaling solutions for Ethereum.

Disadvantages

  • New technology: zk-rollup is a relatively new technology that needs time to be perfected and widely applied.

  • Competition: Scroll has to compete with many other Layer 2 scaling solutions in the market.

Application of Scroll

Scroll has the potential for widespread application in many fields, including:

  • DeFi: DeFi transactions such as lending, swapping, and other complex transactions can be conducted on Scroll at lower costs and higher speeds.

  • NFT: Scroll provides an efficient platform for trading and managing NFTs, with lower gas fees and a more user-friendly interface.

  • GameFi: Blockchain games can leverage Scroll to create a smoother gaming experience, with in-game transactions processed quickly and at low costs.

  • Enterprise applications: Scroll can be used to build enterprise applications on the blockchain, such as supply chain management, identity verification, and corporate financial applications.

How does Scroll work?

  1. Users perform transactions on Scroll.

  2. Transactions are sent to the sequencer.

  3. The sequencer organizes transactions into bundles.

  4. The proving layer generates non-disclosure proofs for each bundle.

  5. The proofs and data are sent to Ethereum.

  6. Ethereum verifies the proofs and updates the state of the blockchain.

Current exchange rate of Scroll (SCR)

$SCR

Where to buy and sell SCR Coin?

You can buy and sell SCR Coin on exchanges such as:

  • Binance.com

  • Bybit.com

  • Bitget.com

  • OKX.com

Currently, Binance is the exchange trading SCR the most, with a 24h trading volume of over 50% of the total volume of all exchanges combined.

Binance is currently a reputable, safe, secure exchange and is ranked number 1 in the world today.

If you don't have an account on this exchange, you should register for one now to start trading.

Binance registration link and 20% trading fee discount: https://accounts.binance.com/register?

Conclusion

Scroll represents a significant step in expanding the capabilities of Ethereum. With EVM compatibility, low costs, and high speeds, Scroll promises to attract many developers and users, contributing to the development of the Ethereum ecosystem. However, it is also important to note that Scroll is still a relatively new project and needs time to prove its capabilities in practice.

Overall, Scroll is a promising project worth attention in the context of the increasing demand for scaling Ethereum. Monitoring the project's development will help us better assess its role in the future of blockchain.