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Crypto News

Scroll Enters the Fray with zkEVM Launch, Challenging Polygon and Matter Labs

Author

Jay Solano

Tags

Tags Editor's Choice / Slider Posts

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Editor's Choice / Slider Posts

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Editor's Choice, Slider Posts

Reading time

2 mins
Last update

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Scroll has made its foray into the crowded Layer 2 Ethereum scaling solutions space, unveiling its main network and marking its entry into a competitive field dominated by established entities like Polygon and Matter Labs. The nascent network, orchestrated under the aegis of co-founder Sandy Peng, is a quintessential ZK rollup, employing zero-knowledge cryptography and rendering compatibility with the Ethereum Virtual Machine (EVM).

The incorporation of zkEVM technology positions Scroll in direct competition with formidable adversaries, namely Polygon and Matter Labs. Data from Etherscan substantiates the network’s launch, detailing interactions between the primary Ethereum blockchain and the “Scroll: L1 Gateway Router Proxy”. Additionally, Dune Analytics, a dedicated blockchain analysis platform, delineates that approximately 370 ETH, valued at around $565,000, has already transitioned to the new network.

Scroll’s emergence on the scene is the culmination of an intensive two-year research phase, and it follows in the footsteps of the zkEVM launches by Polygon and Matter Labs approximately seven months prior. The Scroll network had initially been unfurled on a test network in February, providing a precursor to its official debut.

As the battle for dominance in the zkEVM arena intensifies, Scroll’s entry is emblematic of the escalating competition and diversity in Layer 2 solutions, catering to the ever-expanding Ethereum ecosystem. While speculation regarding the potential introduction of a proprietary Scroll token lingers, official confirmation and details remain forthcoming, with the Scroll spokesperson refraining from commentary on the ongoing blockchain transactions.

The evolution of Scroll and its ilk is reflective of the persistent drive to enhance scalability, efficiency, and user experience on the Ethereum blockchain, a pursuit that continues to draw innovation and competition in equal measure.