1. Home
  2. Scroll

Scroll

Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster

Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster

Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or […]

The post Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Scroll lists on Binance, sparking debate over centralization concerns

Scroll’s Binance listing has sparked community debate, with critics raising concerns about centralization, while Scroll’s co-founder has highlighted global growth strategies.

Scroll, an Ethereum layer-2 project, was recently listed on the centralized cryptocurrency exchange Binance, sparking debate in the crypto community about centralization.

The listing, announced on Oct. 11, was praised for its potential to boost growth but criticized for its perceived alignment with centralized entities. Concerns were raised about whether the project was compromising on its decentralization principles.

X user Zeng Jiajun framed Scroll’s decision to list on Binance as “kneeling” to a centralized exchange (CEX), calling it a “tough decision to make” but casting doubt on the long-term implications.

Read more

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Ethereum layer-2 Scroll tips native token launch

The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.

Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network describes as its “first step toward decentralization.” 

On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, according to an Oct. 8 blog post.

According to Scroll, “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”

Read more

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading. In a blog post, the exchange says it is listing the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens in advance of […]

The post Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Base TVL surges to $8B just days after overtaking OP Mainnet

Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.

Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.

L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92 billion in natively minted assets.

The Coinbase-supported chain surpassed OP Mainnet as the largest chain within the Superchain ecosystem last week and is now the second-largest Ethereum scaler in TVL, trailing Arbitrum One’s $18.27 billion.

Read more

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Ethereum layer 2 Scroll unveils loyalty program to reward early adopters and active users

Scroll introduced a loyalty program to allow users to earn Marks exclusive rewards for active participants, excluding US and Chinese users.

The post Ethereum layer 2 Scroll unveils loyalty program to reward early adopters and active users appeared first on Crypto Briefing.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch

Blockchain data from Etherscan suggest Scroll’s mainnet was live over a week ago.

Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet.

The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Ethereum can now migrate to the new scaling solution.

“Everything functions right out of the box,” the Scroll team said.

A zkEVM solution such as Scroll’s aims to provide lower transaction costs at a higher throughput for decentralized applications running on Ethereum.

It works by batching thousands of transactions off-chain into one, then submitting a proof consisting of a minimal data summary to Ethereum’s mainnet.

Blockchain data suggests Scroll had withheld the news that its mainnet was live since Oct. 8 — the date at which the first smart contract was deployed on thScroll mainnet, according to Etherscan data.

Scroll said the mainnet launch came after 15 months of extensive testing and security audits across three separate testnets.

“Our bridge and rollup contracts were audited by OpenZeppelin and Zellic,” Scroll added. Its zkEVM circuits were reviewed by Trail of Bits, Zellic, and KALOS.

Across its three testnets over 450,000 smart contracts were deployed enabling over 90 million transactions across 9 million blocks. 280,000 ZK-proofs were also generated the firm said.

About a month ago, Scroll co-founder Ye Zhang told Cointelegraph Scroll would launch with centralized features but plans to increasingly decentralize over time.

“We will have a centralized sequencer and the central approver button,” Zhang said. He added a plan is in place to remove that button, however.

“We have a roadmap [...] To solve the single point of failure and to incentivize the community to build better proving hardware.”

Zhang said the Scroll team will also pitch several proposals to let the community discuss what’s best for Scroll moving forward.

Related: ConsenSys launches Linea zkEVM to further scale Ethereum

Scroll was founded in 2021 with the goal to be more community-driven. Other zkEVM solutions working to scale Ethereum include Polygon, zkSync, StarkWare and Immutable.

Jordi Baylina, technical lead of Polygon Hermez zkEVM, recently told Cointelegraph that such competition in the zkEVM space is only going to make the Ethereum ecosystem more robust:

“Having different projects adds a lot of experience, and it’s also a way to test different approaches, ways of handling things or solving things,” he said.

Magazine: Attack of the zkEVMs! Crypto’s 10x moment

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Idealistic Ethereum community-built zkEVM Scroll launching in weeks

Scroll co-founder Ye Zhang is aiming for a community-driven decentralized immutable scaling solution for Ethereum.

After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. 

While there are already several zero-knowledge EVMs in existence today, Scroll co-founder Ye Zhang told Cointelegraph at Token2049 that the project was “idealistic” as the team was sticking to the philosophy and the principles that Ethereum already cultivates.

Zhang said that they have been working on this mostly as a “labor of love,” driven by a shared vision to scale Ethereum while staying true to its decentralization principles.

He added that the project was more human interest than simply solving computational problems, “we started in an open source way, in a community-driven way,” he said.

“We can grow this community very organically, and then grow our network effect, not in a very silly way, not in a very marketing-driven aggressive way.”

The new zkEVM is set to launch within weeks, having already undergone extensive testing and carried out audits on the code. Zhang said the Scroll will launch after some final testing and major projects like Uniswap and Aave are ready to deploy on Scroll at launch.

Scroll co-founder Ye Zhang. Source: Cointelegraph

The mathematician believes zk-rollups are the “holy grail” or best-in-class layer-2 scaling solutions, which are also very cheap and secure.

However, Scroll is entering a crowded ecosystem that already has zkEVM solutions from Polygon, Immutable, StarkWare, and ConsenSys’ Linea which launched in August.

Zhang claimed that some of the other systems such as Linea have some “unproven” parts in the circuit but believes Scroll provides a “complete proof” of all Ethereum “opcodes” and components of the transaction.

“So it's not only compared to compatibility, but also a full proof for proving that everything we already have,” he said.

Related: Buterin weighs in on zk-EVMs’ impact on decentralization and security

Scroll is a layer-2 scaling project that has been in development for two years. It uses zero-knowledge proofs to compress data off-chain, meaning only proofs are submitted on-chain — enabling higher throughput.

The EVM component enables full native compatibility with any existing Ethereum software and applications.

The initial setup will still involve some centralization such as sequencers, Zhang said, but the roadmap will decentralize this further over time.

Magazine: Attack of the zkEVMs! Crypto’s 10x moment

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Reverse Engineering the Future: Bitcoin.com Team Members Weigh In on ETHGlobal Tokyo Hackathon

Reverse Engineering the Future: Bitcoin.com Team Members Weigh In on ETHGlobal Tokyo HackathonThe ETHGlobal Tokyo hackathon drew to a close on Sunday, as builders from around the world competed for $375,000 in prizes. The event was kicked off with the first-ever ETHGlobal “Pragma” summit, sponsored by Verse, among others. Engineers and representatives from Bitcoin.com also took part in the summit and hackathon, and shared their thoughts on […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Buterin weighs in on zk-EVMs impact on decentralization and security

Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer.

Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.

Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology enables Ethereum Virtual Machines to execute smart contracts on the blockchain with ZK proofs.

Ethereum was developed with a “multi-client philosophy” to ensure decentralization at the protocol level, Buterin explained. By integrating zk-EVMs at the Ethereum layer 1, it would be the third type of client.

“Once that happens, zk-EVMs de-facto become a third type of Ethereum client, just as important to the network's security as execution clients and consensus clients are today.”

The other two clients are the “consensus” and “execution” clients. The consensus client implements proof-of-stake to ensure nodes in the network reach agreement. While the execution listens to new transactions broadcasted in the network, executes them in standard EVM and holds a copy of the latest state of the blockchain.

In championing the idea of zk-EVM verification at the Ethereum base layer, Buterin firstly considered the advantages and drawbacks of treating the layer 1 as a “clearinghouse” by pushing almost all activity to layer 2’s.

He said many layer 1-based apps would become “economically nonviable” and that small funds — worth a few hundred dollars or less — may get “stuck” in the event that gas fees grow too large.

Buterin explained that zk-EVMs would need to be “open” in that different clients each have different zk-EVM implementations and each client waits for a proof that is compatible with its own implementation before accepting a block as valid.

He prefers this approach because it wouldn’t abandon the “multi-client” paradigm, and an open zk-EVM infrastructure would also ensure that new clients could be developed, which would further decentralize Ethereum at the base layer.

Related: ConsenSys zkEVM set for public testnet to deliver secure settlements on Ethereum

Buterin said zkEVMs may be the solution to “The Verge,” a part of the Ethereum roadmap which aims to make verification at the base layer easier.

Buterin acknowledged that the zk-EVM infrastructure may cause data inefficiency and latency issues, however he said those challenges wouldn’t be “too hard” to overcome.

If the zk-EVM ecosystem is implemented, it would make running a full node on Ethereum even easier, Buterin explained:

“Ethereum blocks would be smaller than today, anyone could run a fully verifying node on their laptop or even their phone or inside a browser extension, and this would all happen while preserving the benefits of Ethereum's multi-client philosophy.”

Ethereum layer-2 scaling platform Polygon has made considerable progress with its zk-EVM, having recently open-sourced its zkEVM to the Polygon mainnet on March 27, promising reduced transaction costs and increased throughput of smart contract deployments.

StarkWare, ConsenSys, Scroll, zkSync and Immutable are also deploying similar zkEVM scaling solutions.

Magazine: Attack of the zkEVMs! Crypto’s 10x moment

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum