On October 17th, the Layer2 Scroll project made a significant announcement: the deployment of its mainnet. In the initial phase, the project will focus on infrastructure development and supporting projects to integrate their products into the network.
The Scroll development team has declared that their zkEVM technology will deliver an experience similar to Ethereum but with lower costs, faster speeds, and limitless scalability.
This move to the mainnet marks a major milestone for the project, following extensive testing and validation on three networks for over 15 months. In collaboration with the Ethereum Foundation and the open-source community, Scroll has developed zkEVM technology—a unique improvement compatible with Ethereum’s byte-code-level EVM.
During the testnet phase, Scroll achieved numerous successes, including:
– Deploying over 450,000 smart contracts.
– Processing more than 90 million transactions.
– Averaging 305,000 transactions per day.
– Generating 280,000 zk-proofs and over 9 million blocks.
The next milestone for Layer2 is to further decentralize the network’s proof and sequencer infrastructure, similar to the current goals of zkSync. Additionally, plans for airdrops and token launches have not been mentioned yet, but they are expected to come in the future.
Scroll is known as a Layer2 blockchain built on zkEVM Equivalence technology, a newly emerging ZK-Rollup technology fully compatible with EVM, developed in early 2021.
Layer2 Scroll has successfully raised over $83 million in three fundraising rounds. In its latest fundraising round on March 6, 2023, Scroll secured $50 million at a valuation of $1.8 billion, with participation from seven investors, including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners.
The launch of its mainnet signifies a breakthrough moment for both Scroll and Ethereum, ushering in a new era of scalability and exciting advancements.