What Is Scroll (SCR)
Scroll (SCR) is the native cryptocurrency of the Scroll network, a Layer 2 scaling solution for Ethereum that utilizes Zero-Knowledge Rollups (zk-Rollups) to enhance transaction efficiency and reduce costs.
Key Features of Scroll:
- EVM Equivalence: Scroll is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing Ethereum smart contracts without modifications.
- Scalability: By employing zk-Rollups, Scroll aggregates multiple transactions into a single batch, increasing throughput and lowering gas fees while maintaining security and decentralization.
- Security: Operating as a Layer 2 solution, Scroll inherits Ethereum's robust security model, ensuring trustless and secure transactions.
SCR Token:
- Utility: SCR serves as the native currency within the Scroll ecosystem, used for transaction fees and as rewards for validators who contribute to network security.
- Market Information: As of January 3, 2025, SCR is priced at approximately $0.99 USD, with a 24-hour trading volume around $22 million. The circulating supply is about 190 million SCR tokens, leading to a market capitalization of approximately $188 million USD.
Considerations:
- Market Volatility: As with many cryptocurrencies, SCR's value can be subject to significant fluctuations based on market dynamics and investor sentiment.
- Ecosystem Development: The success and utility of the Scroll platform depend on developer adoption, the growth of its ecosystem, and the continuous enhancement of its infrastructure.
In summary, Scroll aims to provide a scalable and efficient environment for Ethereum-based applications, with the SCR token playing a central role in its ecosystem.
$SCR
#SCR
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