Scroll Airdrop

Problem Solved

Ethereum, while highly secure and decentralized, suffers from significant scalability issues, leading to high gas fees and slow transaction times. Scroll Protocol addresses these challenges by implementing an advanced Layer 2 solution that reduces congestion on the Ethereum mainnet. By offering faster and cheaper transactions, Scroll makes Ethereum more accessible and efficient, facilitating the development of more complex and user-friendly dApps. This solution is essential for the continued growth and adoption of Ethereum, ensuring that the network can handle increasing demand without compromising performance or user experience.

Tokenomics

Scroll Protocol's native token, $SCRL, plays a crucial role in the ecosystem. It is used for paying transaction fees, staking, and participating in governance. Users can earn $SCRL by providing liquidity, staking, and engaging with the platform's various services. The tokenomics are designed to incentivize long-term participation and alignment with the network's growth.

By holding and using $SCRL, users contribute to the stability and security of the Scroll network while also having a say in its future direction through governance mechanisms. However, specific details about the tokenomics, such as the total supply, distribution, and utility of the $SCROLL token, are not yet publicly disclosed, which might be a point of interest for potential investors and users.

Perspectives

The Scroll protocol has garnered attention for its potential to offer a scalable, secure, and efficient solution for Ethereum. Users and observers appreciate its EVM compatibility, which allows for a seamless transition for developers, and its zk-Rollup technology, which promises significant transaction cost savings. However, there are also criticisms regarding the accuracy of its security claims, with some questioning the validity of terms like "unwavering security at every layer." Despite this, the general sentiment towards Scroll is optimistic, with many looking forward to its potential to address Ethereum's scalability issues.

Founders and Team

Scroll protocol was founded in 2021 by Ye Zhang, Sandy Peng, and Haichen Shen, who shared a vision of advancing zero-knowledge proofs and scaling Ethereum. The team's journey began during the DeFi boom in 2020 when Ethereum faced congestion issues. Ye Zhang, a former researcher at the Ethereum Foundation, and Sandy Peng, a software engineer at Google, joined forces with Haichen Shen, a former software engineer at Google and Facebook, to create Scroll.

The founders' research breakthroughs laid the groundwork for Scroll's current state. The team's commitment to transparency, decentralization, and community-driven development is evident in their decision to build Scroll as an open-source project and their deliberate choice of backers who share their values.

Funding

Scroll has secured significant funding to support its development and growth. In October 2023, it raised $80 million in a funding round led by Polychain Capital, with participation from other notable investors such as Bain Capital Crypto, Newman Capital, and Qiming Venture Partners.

This funding round valued Scroll at $1.8 billion, indicating strong investor confidence in its potential. Scroll's funding will be used to scale the team, develop products, launch the mainnet, and expand the ecosystem. The significant amount of capital raised underscores the high expectations and interest in Scroll's ability to provide a scalable, secure, and efficient solution for Ethereum.

Previous Projects

Founded by Ye Zhang, Sandy Peng, and Haichen Shen, who brought significant experience and expertise from their previous projects. Ye Zhang, a former researcher at the Ethereum Foundation, worked on Ethereum's Layer 2 scaling solutions. Sandy Peng, a software engineer at Google, contributed to the development of Google's cloud services. Haichen Shen, a former software engineer at Google and Facebook, worked on Google's TensorFlow and Facebook's PyTorch. These prior experiences in blockchain scaling, cloud services, and machine learning have been instrumental in shaping Scroll's vision and technology.

Competitors

Competition from several other Layer 2 scaling solutions for Ethereum, each with its own approach to addressing the network's scalability issues. zkSync, a Layer 2 protocol, focuses on enhancing Ethereum's scalability and security using zero-knowledge proofs. StarkWare, another competitor, uses STARK technology to generate and verify proofs of computational integrity, providing a secure and efficient blockchain experience.

Optimism, a decentralized Layer 2 network, aims to scale Ethereum securely, allowing for unlimited transactions and computation. Polygon, a Layer 2 scaling solution, offers a suite of protocols to provide developers with access to major scaling solutions, including layer 2s, sidechains, and hybrid chains. These competitors, among others, are all vying to provide the most effective and efficient scaling solution for Ethereum.

Trends

The growing demand for scalable and cost-effective Ethereum solutions drives the adoption of Layer 2 technologies. Scroll Protocol aligns with this trend by providing an advanced and efficient solution that meets the needs of the expanding DeFi and dApp ecosystems. As more users and developers seek scalable blockchain solutions, Scroll's innovative approach and proven technology position it well to capture a significant share of the market. The trend towards greater scalability and lower costs is likely to continue, further solidifying Scroll's position in the Ethereum ecosystem.