In Just 3 Minutes, Let You Know Why Scroll is Praised by Vitalik

Scroll, the native zkEVM commended by Ethereum's founder Vitalik Buterin, has successfully launched its mainnet following 15 months of rigorous testing. Wondering what sets it apart? Curious about the Scroll ecosystem? Discover more now!

Understanding Scroll: The EVM-Compatible Layer 2 Solution Commended by Vitalik Buterin

Scroll presents itself as a revolutionary L2 scaling solution, equipped with an EVM-compatible framework to enhance Ethereum’s overall capacity and performance. This solution employs zk-proof technology, which not only guarantees secure and efficient transaction validation but also improves privacy while minimizing computational strain.

Over the past year, the market has seen the launch of numerous L2 solutions employing zk-rollups technology, compatible with EVM, known as zkEVMs. Scroll, however, differentiates itself in this field by prioritizing the developer experience, providing top-tier compatibility within the zkEVM sector for usability and integration.

On this point, Ethereum co-founder Vitalik Buterin also publicly praised Scroll last year at X, saying:

I’m so happy that Ethereum has such a strong culture of trying hard to make all our moon math as understandable and accessible to people as possible.

In addition to focusing on the developer experience, Scroll places a high emphasis on security. It has undergone three testnet phases - Pre-Alpha, Alpha, and Beta - in the past 16 months, successfully handling over 90 million transactions."

The meticulous strategy implemented by the Scroll team led to the triumphant launch of their mainnet in early October this year. Concurrently, this approach has facilitated the accumulation of a variety of Dapps within the Scroll ecosystem. As stated on Scroll’s official website, the ecosystem now encompasses over 250 protocols, achieving a significant Total Value Locked (TVL) of 64 million.

Scroll Unveiled: Assessing Its Strengths and Weaknesses in the L2 Landscape

Having established a fundamental understanding of Scroll, we will now delve into its strengths and weaknesses from multiple angles.?

Pros of Scroll:

• High Accessibility: Scroll ensures bytecode-level compatibility, allowing for seamless migration of existing Ethereum applications.
• Advanced ZK Skill: Utilizing the latest ZK technology, Scroll offers unparalleled scalability, rapid transaction confirmations, and robust, trustless privacy.
• Cost-Effectiveness: Scroll enables users to complete transactions at a fraction of the cost compared to the Ethereum mainnet, often just for a few cents.
• Transparency: Being fully open-source from its inception, Scroll allows anyone to track their progress through GitHub repositories. This openness fosters transparency and holds them accountable to the community."

Cons of Scroll:

• Intense Competition: The L2 sector is among the most competitive niches in the crypto world, with notable rivals like Arbitrum and Base vying for dominance in the L2 space.
• Initial Barrier: The initial implementation costs associated with ZKPs can be a deterrent for some projects, presenting a significant barrier to entry.
• Lower popularity: Compared to other L2 solutions, Scroll currently faces challenges in market appeal. Its TVL and the richness of its ecosystem are areas where there is considerable scope for growth and development.

In summary, while Scroll contends with formidable competition and initial challenges, its technological innovations and compatibility strengths provide a robust foundation for future growth. With ongoing advancements in technology and strategic approaches to market engagement, Scroll possesses the potential to secure a notable place in the L2 arena.

Additionally, the Scroll team has yet to initiate a token airdrop, an event which could significantly attract users to engage more frequently with the Scroll platform. Especially after Scroll's accomplishment of raising $50 million in a new funding round, catapulting its valuation to $1.8 billion, the anticipation and user expectations for a potential airdrop have markedly increased.

Scroll in Focus: A Comparative Analysis with Mainstream L2 Solutions

Finally, to fully understand Scroll’s position in the market, it's essential to compare it with other L2 solutions using ZK Rollup technology. This comparison, focused on usage data, will help us determine if Scroll's advantages stand out in the competitive landscape.

Based on data from L2Beat, Scroll ranks last in TVL, possibly due to its relatively recent mainnet launch. However, it's significant to note that Scroll boasts a Total Unique Address count of as high as 2.8 million, trailing only behind zkSync Era. Additionally, its Daily TPS ranks third among its peers. This considerable user base could act as a catalyst for Scroll's ongoing growth. As the number of protocols within its ecosystem expands, an improvement in overall performance metrics is anticipated.

Having gained an introductory understanding of Scroll, are you curious to delve into its rich ecosystem, which encompasses over 200 protocols? Or are you interested in learning about the secure and efficient ways to bridge assets to Scroll? If so, I invite you to click the link below to explore our XY Blog. There, we offer in-depth insights into Scroll and the expansive world of blockchain technology.

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