On October 22, Scroll (SCR) tokens will be distributed via airdrop and will be listed on Binance Launchpool. Does this mean that the next investment trend is coming?
What is Scroll (SCR)?
Ethereum, the second largest blockchain by market capitalization, has long been plagued by high gas fees and network congestion. Scroll is a Layer 2 expansion solution built on zkEVM (zero-knowledge Ethereum Virtual Machine) technology, dedicated to solving Ethereum's scalability problem. Through zero-knowledge proof (ZKP) technology, Scroll can batch off-chain transactions and verify them on the Ethereum mainnet. This not only significantly reduces transaction costs, but also increases transaction processing speed, making the Ethereum network more efficient and scalable.
Since its mainnet launch in October 2023, Scroll has rapidly grown to become one of the top Ethereum expansion solutions. According to L2Beat data, as of October 8, Scroll's TVL (Total Value Locked) has reached $1.2 billion, making it the sixth largest Layer 2 protocol in the world.
Scroll's popularity is also reflected in its partners and ecosystem deployment. Leading projects like Aave, Lido, Safe, EtherFi, etc., have chosen to deploy their decentralized applications (dApps) on Scroll, further solidifying its market position. Top global investment institutions like Polychain Capital, Sequoia China, Bain Capital Crypto, etc., have also expressed confidence in Scroll, making its prospects in the blockchain expansion field even more promising.
What is the value of SCR tokens?
SCR is the native token of the Scroll network, whose core function is not just a governance tool but will also become a utility token for the network in the future. The Scroll team states that the launch of SCR is the first step in the project's decentralization roadmap. As the decentralization process of the project progresses, SCR will be used to support the Prover and Sequencer mechanisms of the protocol, ensuring efficient and secure operation of the network.
Investors can not only participate in network governance but also directly engage in the deep construction of the Scroll ecosystem by holding SCR tokens. The economic model of SCR has designed a reasonable token distribution plan to ensure the balance and sustainable development of the token ecosystem.
The operating mechanism of Scroll—zkEVM makes it stand out
The core innovation of Scroll lies in its zkEVM architecture, which not only makes it stand out in Layer-2 expansion solutions but also provides developers with a more open development environment.
Hierarchical Zero-Knowledge Proof System
Scroll is an important promoter of zkEVM technology, which can generate universal zero-knowledge proofs for any Ethereum smart contract, allowing any existing Ethereum application to migrate to Scroll without complex adjustments. This greatly simplifies the work for developers and lowers the threshold for expanding the Ethereum ecosystem.
zkRollup Technology
As a Layer 2 solution based on zkRollup, Scroll packages a large number of transactions into a zero-knowledge proof submitted to the Ethereum mainnet. This effectively reduces the transaction burden on the Ethereum mainnet, thus achieving faster and lower-cost transaction experiences. Unlike traditional Optimistic Rollups, ZK-rollups' settlement times are usually completed within minutes, whereas Optimistic Rollups often take more than 7 days.
Decentralized Mining Mechanism
In the Scroll ecosystem, users can generate zero-knowledge proofs through mining. By incentivizing miners to generate these proofs, Scroll not only achieves decentralization but also reduces the impact of MEV (Maximum Extractable Value), allowing miners and users to enjoy a fairer trading environment.
SCR Token Economic Model
The token economic design of Scroll shows its deep consideration for the long-term development of the ecosystem. The total supply of SCR is 1 billion tokens, with the distribution plan as follows:
15%: Distributed through airdrop
17%: Allocated to early investors
10%: Donated to the Scroll Foundation to fund developers and ecosystem projects
35%: Allocated to the Scroll ecosystem to support the development of various applications and protocols
23%: Used to reward and incentivize contributors
This reasonable distribution plan not only safeguards the interests of early investors but also provides rich incentive mechanisms for ecosystem participants, ensuring the long-term healthy operation of the project.
Is investing in Scroll (SCR) worthwhile?
As a strong competitor in the Ethereum Layer 2 expansion field, Scroll demonstrates great potential with its zkEVM technology and strong partners. As its native token, SCR is not only a governance tool for the network but is expected to play a core role in ecological construction and decentralized governance in the future. As the project's ecosystem gradually expands, the potential demand for SCR will also steadily grow.
However, investors need to be aware that with the launch of more Layer 2 solutions, competition is becoming more intense. Whether Scroll can continue to maintain its technological leadership and market share remains to be seen. Therefore, when investing in SCR, decisions should be made in conjunction with market dynamics, technological updates, and project progress.
With zkEVM technology, Scroll is paving new paths in the Ethereum scalability challenge. As the core of the network, the SCR token will play an important role in ecological governance and decentralized construction. If you are confident in Layer 2 expansion solutions and believe in the future of Ethereum, Scroll and its SCR token may be an investment opportunity worth exploring. Whether you can seize this opportunity depends on your decision!
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