Scroll Mainnet Launch: Read this article to quickly understand whether this project is worth investing in

On a quiet afternoon on October 10, the official social media of the Ethereum Layer 2 solution Scroll, which had been in testing phase, released a message that sparked widespread discussion: "La estonteco estas malfermita" (The future is open). Shortly after, at 2 PM Beijing time, the Scroll mainnet produced its historic genesis block.

Just a week later, on October 17, the official announcement confirmed that the mainnet was officially online and operational, with several co-creation online sharing sessions to follow.

Celebration poster for the launch of the Scroll mainnet

This series of announcements quickly spread throughout the crypto community, generating widespread attention and discussion, invigorating the entire crypto community. With the continuous development of blockchain technology, various projects have emerged like mushrooms after rain. Among them, the Scroll project has attracted significant attention due to its unique technology and concepts, as well as recent major advancements. This article will provide a detailed introduction to the background, technical features, and the philosophy advocated by the Scroll project.

Overview of Scroll: Building a High-Performance Layer 2 Blockchain for ETH Developers

Scroll is a zkRollup project based on Ethereum, utilizing zkEVM technology as a Layer 2 solution aimed at addressing the congestion issues currently faced by Ethereum. As a zkRollup project with bytecode-level zkEVM compatibility, Scroll demonstrates immense potential and prospects.

The project was founded in 2011 and, after years of development and technological accumulation, successfully completed the deployment of its mainnet testnet in 2022. The launch of the testnet quickly attracted widespread attention from the crypto community, laying a solid foundation for subsequent fundraising activities.

The core feature of Scroll lies in its seamless expansion of Ethereum's capabilities through zero-knowledge technology and EVM compatibility. This Layer 2 network is built by Ethereum developers for Ethereum developers, fully reflecting a deep understanding and commitment to the Ethereum ecosystem.

Scroll is designed to provide Ethereum developers with a fast, reliable, and scalable Layer 2 blockchain. Through Scroll, applications can scale without being affected by any unforeseen circumstances. Thanks to bytecode-level compatibility, existing Ethereum applications can be migrated to Scroll intact, significantly reducing costs.

Introduction to the Scroll Team and Funding Situation: Core Members from Prestigious Universities, Luxurious Investment Lineup

The founding team of Scroll consists of a group of vibrant and talented young individuals, each with a strong background and experience in their respective fields. As shown in the image above, three of them are co-founders of Scroll: Sandy Peng, Haichen Shen, and Ye Zhang.

1. Sandy Peng: Sandy Peng is one of the co-founders of Scroll. She graduated with a bachelor's degree from the University of Cambridge and a master's degree from the London School of Economics. Sandy Peng previously worked in research at the Hong Kong Securities and Futures Commission and began investing in Web3 projects in 2017. At Scroll, she is mainly responsible for business development, fundraising, and ecosystem matters.

2. Haichen Shen: Haichen Shen is also a co-founder of Scroll. He studied at Tsinghua University’s Yao Class for his undergraduate degree and obtained a PhD from the University of Washington. Haichen Shen's doctoral research focused on low-level systems, involving intersections with GPU, PL, and compiler topics. After completing his studies, he worked at Amazon building machine learning systems.

3. Ye Zhang: Ye Zhang is also one of the co-founders of Scroll. He studied at Peking University and obtained a PhD from New York University. Ye Zhang began researching ZKP four years ago, with his first project focusing on ZKP acceleration using FPGA and ASIC. Subsequently, he delved into the mathematics and cryptography behind ZKP and developed a strong interest in its applications in the blockchain field. Ye Zhang decided to develop the Scroll network after discovering some issues with ZK Rollup early last year, believing that his research direction could address these problems.

Profile introduction of core members of the Scroll team

The rich experience and professional backgrounds of these three core team members provide solid technical and strategic support for the Scroll project, allowing it to stand out in the blockchain field.

In April 2022, Scroll successfully completed a Series A funding round led by Polychain Capital, raising $30 million. This round of financing also received personal investment support from well-known Ethereum community members such as Ying Tong and Carlos Aria from the Ethereum Foundation. It is worth mentioning that even Optimism, which performed well in the Layer 2 space, raised only $25 million in its Series A round, which underscores the significance and market recognition of the Scroll project.

Even more impressively, this year Scroll completed another large-scale fundraising activity, successfully raising $50 million with participation from renowned investment institutions such as Polychain Capital, Sequoia China, IOSG Ventures, Qiming Venture Partners, and OKX Ventures.

These two rounds of fundraising not only provided ample financial support for the Scroll project but also demonstrated the market's high recognition of its technology and prospects.

Introduction to Scroll's Technical Advantages and Ecosystem Development: Efficiency and Security First, Over 100 Projects Deployed

Scroll's technical advantages and uniqueness have attracted significant attention from numerous application projects since its early days. With continuous improvements in its technology and market recognition, an increasing number of application projects have chosen to deploy on Scroll, forming a prosperous and diverse ecosystem.

Overview of important projects on the Scroll chain

On the Scroll testnet, several large applications have been successfully deployed, such as Uniswap, Celer Network, OKX Wallet, etc. A total of over 100 application projects have chosen to deploy on Scroll, covering various fields in the web3 industry, including DeFi, Tooling, Wallet, etc. This fully demonstrates Scroll's technical strength and market appeal.

Recently, with the successful launch of the Scroll mainnet, the Scroll ecosystem has also welcomed a series of new dynamics and developments, such as:

1. October 11: According to official news, the decentralized trading platform LeetSwap on the Base chain has launched on the Scroll Network, further enriching Scroll's DeFi application ecosystem.

2. October 17: OKX Web3 Wallet announced that it has integrated with the Layer 2 network Scroll. Users can now easily switch to the Scroll network and seamlessly store and manage assets within the Scroll ecosystem through the OKX Web3 Wallet. Additionally, the discovery section of the OKX Web3 Wallet also supports Dapp interactions within the Scroll ecosystem, providing users with a more convenient experience.

3. October 17: The Layer 2 cross-chain bridge Owlto Finance announced the completion of integration with the Scroll mainnet. As a leading cross-chain bridge within the Scroll ecosystem, Owlto Finance has become one of the first cross-chain bridges to support the Scroll mainnet, further enhancing Scroll's cross-chain capabilities.

These developments not only prove Scroll's technical strength and market appeal but also demonstrate its immense potential and prospects in the future blockchain field. As more application projects choose to deploy on Scroll, we have reason to believe that Scroll will play an increasingly important role in the future blockchain world.

During the "Scaling Blockchains: The State of Layer 2 Solutions" roundtable discussion at Token2049 in Singapore, Scroll co-founder Ye Zhang stated: "We hope that after the mainnet launch, more Ethereum applications can be deployed on Scroll to solve various real-world problems, not just gaming applications." This statement reveals the core philosophy and vision behind Scroll.

1. Zero knowledge required: Scroll's mission is to provide a scalable solution that retains the essential characteristics of Ethereum (trust minimization, security, and open-source) while being easily accessible. Like an ancient scroll, our story is continuously evolving, and we are committed to ensuring the future of Ethereum while making the developer experience as simple as possible.

2. Collective vision for Ethereum's future: Since the project's inception, we have openly built alongside the Ethereum community. Our open development approach combines the best ideas from contributors who align with our values, resulting in a more secure and better-designed system. Scroll is forging a community-driven path to redefine and advance Ethereum's roadmap.

3. Unwavering security at every layer: Scroll employs advanced zero-knowledge proof technology, battle-tested EVM models, and rigorous audits to ensure our foundation is firmly rooted in security and reliability. By prioritizing the security of open-source collaborative code, Scroll protects our developers and users from vulnerabilities.

4. Rooted in technical rigor and credibility: Stability and reliability are the cornerstones of our network's growth. Scroll firmly maintains impartial neutrality to reduce power imbalances within our ecosystem. In pursuit of our long-term vision, we immerse ourselves in solving meaningful and challenging research problems, focusing on technical details, accuracy, and outcomes.

These principles not only reflect Scroll's technical pursuits but also reveal its deep emotional connection and firm belief in the future of Ethereum.

Beyond the Halo, Scroll Drives the Development of the Blockchain Industry with Its Practice and Efforts

As blockchain technology continues to evolve, we have witnessed the rise and fall of many projects. Currently, the Scroll project undoubtedly stands out as a brilliant star, bringing new vitality and hope to the entire blockchain field with its unique technical characteristics and profound ideological background. Its persistent pursuit of technical details, accuracy, and research outcomes sets a new benchmark for the entire industry.

Scroll's various technical advantages, such as zero-knowledge proofs, EVM compatibility, open development methods, and unbreakable security, allow it to stand out among numerous Layer 2 solutions. These features not only provide an efficient, secure, and scalable deployment environment for Ethereum applications but also offer a trustworthy platform for the entire crypto community.

LayerZero announces the launch of the Scroll mainnet

As more large application projects choose to deploy on Scroll, we have reason to believe that Scroll will play an increasingly critical role in the future blockchain field. With over a hundred application projects already deployed on its testnet during the testing phase, and now that the mainnet is officially online, we can expect even more projects to formally establish themselves here.

The Scroll project not only represents the forefront of technology but also signifies a transformation of an era and a direction for the future. Its emergence brings new opportunities and challenges to the entire crypto world. For anyone interested in blockchain technology and future developments, Scroll is an important project that cannot be overlooked. Let us look forward to more innovations and breakthroughs that Scroll will bring us, painting a brighter future for the blockchain world.

In summary, they have driven the further development of blockchain technology through their practical actions.