In an exciting announcement, Binance has introduced Scroll (SCR), a groundbreaking zkEVM Rollup-based scaling solution for Ethereum. Users can lock their BNB and FDUSD to earn SCR through airdrops, marking a new era of efficiency in the blockchain space. Letâs dive deeper into what Scroll offers.
đ¶What is Binance Pre-Market?
Binance Pre-Market is an exclusive feature that allows users to trade tokens like SCR before they officially hit the spot market. This offers early access to promising tokens, enabling traders to position themselves ahead of the wider market. Pre-market trading will conclude at least four hours before the official spot listing, ensuring a smooth transition into the main trading environment.
đș What is Scroll?
Scroll is a state-of-the-art Layer-2 solution leveraging Ethereumâs zkEVM (Zero-Knowledge Ethereum Virtual Machine) technology to address Ethereumâs scalability issues. By utilizing zero-knowledge proofs, Scroll bundles transactions off-chain, which are then verified on the Ethereum mainnet. This innovative approach significantly cuts down on transaction costs and speeds up processing times, enhancing Ethereum's overall efficiency and scalability.
đșWhy Choose Scroll?
As the second-largest cryptocurrency network by market capitalization, Ethereum often grapples with high gas fees and congestion, especially during peak usage periods. Scroll directly addresses these challenges by processing transactions off-chain and only submitting verified bundles to the mainnet, alleviating network congestion.
The Scroll team emphasizes that this technology not only reduces costs but also enhances the user experience for decentralized applications (dApps) on Ethereum, enabling faster transaction speeds and lower fees.
đ¶Scroll and Binance Launchpool
As the latest project on Binance's Launchpool, Scroll offers users the opportunity to participate in the project by farming SCR tokens.
Farming Period: From October 9, 2024, 00:00 UTC to October 10, 2024, 23:59 UTC, Binance users can lock their BNB and FDUSD in dedicated pools to earn SCR.
đžTotal Token Supply: 1 billion SCR.
Launchpool Rewards: 55 million SCR, or 5.5% of the total supply, will be distributed to participants.
Hourly Hard Cap: Users can earn up to 97,395 SCR from the BNB pool and 17,187 SCR from the FDUSD pool.
Once the farming period ends, Binance Pre-Market will list the SCR/USDT trading pair on October 11, 2024, at 10:00 UTC. However, this service is not available in all regions.
đ¶Key Features of Scroll
đžScroll stands out in the Layer-2 ecosystem thanks to its innovative features:
1. Hierarchical Zero-Knowledge Proof System:
Scroll employs a sophisticated zero-knowledge proof system to ensure efficient verification while remaining compatible with Ethereumâs existing infrastructure. This facilitates a smooth transition for dApps looking to migrate to Scroll, making it an attractive option for developers.
2. Interoperability with Other Layer-2 Networks:
Designed with communication channels in mind, Scroll enables dApps across different Layer-2 solutions to interact seamlessly. This fosters collaboration and partnerships among various decentralized applications, ultimately enriching the entire ecosystem.
3. Layer-2 Mining Opportunities:
In Scrollâs ecosystem, users can participate in mining zero-knowledge proofs. This process incentivizes miners to generate proofs while separating transaction packing from mining, effectively mitigating issues related to maximal extractable value (MEV).
đžWhy You Should Get Involved
With its cutting-edge technology and commitment to enhancing Ethereum's capabilities, Scroll is poised to transform the landscape of decentralized applications. Lock your BNB and FDUSD now to take advantage of this exciting opportunity! Join the future of blockchain technology with Scroll on Binanceâs Launchpool!
