Addressing Ethereum Network Congestion: The Scroll Solution

On April 10th, at the roundtable forum of “Chinese Light | World Awarding Chinese Web3 Project”, Sandy Peng, co-founder of ZK Rollup based Ethereum Expansion Network Scroll, stated that Scroll is addressing the relative congestion needs of Ethereum networks through a two-layer network approach, providing EVM equivalence for developers, while ensuring low-cost, efficient, and decentralized Ethereum security.

Scroll co founder Sandy Peng: Scroll will be launched on its main website in the next three to four months

In an effort to combat the relative congestion issues faced by the Ethereum network, ZK Rollup based Ethereum Expansion Network Scroll seeks to provide a two-layer network approach that maintains the low-cost, efficient, and decentralized security provided by Ethereum with EVM equivalence for developers. At the April 10th roundtable forum of “Chinese Light | World Awarding Chinese Web3 Project,” Sandy Peng, co-founder of Scroll, shared insights into the platform’s solution to the industry-wide problem.

Introduction

The growing popularity of decentralized platforms has led to an increased demand for smart contract development on blockchain networks like Ethereum. As a result, the Ethereum network has experienced congestion and scalability issues that have slowed down transaction processing and created bottlenecks. Scroll seeks to address these issues through its innovative two-layer network approach that enhances Ethereum’s scalability while ensuring low-cost, decentralized security.

Understanding Scroll’s Approach

Scroll’s platform utilizes a two-layer network approach that features an off-chain system and an on-chain system. The off-chain system is responsible for executing a large number of transactions, while the on-chain system maintains the security and integrity of these transactions. This two-layer architecture allows Scroll to achieve a high transaction-per-second rate while maintaining the decentralized security offered by Ethereum’s on-chain system.
The Scroll network enhances Ethereum’s scalability by consolidating multiple transactions into a single transaction on Ethereum. This approach is made possible through the use of zero-knowledge rollups (ZK rollups), which allow for the aggregation of multiple transactions by creating a cryptographic proof of their validity. These proofs are then submitted to the Ethereum mainnet, where they are verified and finalized by the on-chain system.

Advantages of Scroll’s Solution

One of the primary advantages of Scroll’s solution is its low-cost transaction processing. By aggregating multiple transactions into a single transaction on Ethereum’s mainnet, Scroll reduces the amount of gas fees required for executing transactions. This saves users money and makes it more accessible for developers to create decentralized applications on Ethereum.
Another advantage of Scroll is its ability to maintain security and integrity in a decentralized manner. The platform leverages Ethereum’s on-chain system to ensure that all transactions remain secure and unalterable. This ensures the integrity of the platform and its transactions, which is crucial for building trust with users and stakeholders.

Use Cases for Scroll

Scroll’s two-layer network approach has numerous use cases in the decentralized industry. The platform can be used for various applications, such as decentralized exchanges (DEXs), decentralized finance (DeFi) protocols, and gaming applications, among others.
For instance, Scroll can be used to reduce the congestion and bottlenecks currently experienced by DEXs, enabling trading to be executed more efficiently. DeFi protocols can also benefit from Scroll’s low-cost, high-throughput solution, which can enhance the user experience and increase participation in such protocols.

Challenges and Future Prospects

Despite its numerous advantages, Scroll’s solution does face some challenges. For instance, the adoption of Scroll’s solution may require a change in the industry’s current methods and practices, which can be difficult to implement.
However, the future prospects for Scroll remain promising. The platform’s innovative approach can lead to increased adoption of Ethereum by providing a high-throughput, low-cost solution for developers. This can help to address Ethereum’s scalability challenges and improve the overall user experience on the network.

Conclusion

Scroll’s two-layer network approach seeks to address the relative congestion needs experienced by the Ethereum network. By providing EVM equivalence for developers and ensuring low-cost, efficient, and decentralized Ethereum security, Scroll’s solution offers numerous advantages for the decentralized industry. The platform’s innovative approach can also lead to increased adoption of Ethereum, improving its scalability and user experience.

FAQs

Q: What is Scroll’s two-layer network approach?
A: Scroll’s two-layer network approach features an off-chain system that executes multiple transactions and an on-chain system that maintains the security and integrity of these transactions. The platform utilizes ZK rollups to aggregate multiple transactions into a single transaction on Ethereum’s mainnet.
Q: What are the advantages of Scroll’s solution?
A: Scroll’s solution offers low-cost transaction processing and maintains security and integrity in a decentralized manner. This allows for increased participation in decentralized applications and protocols.
Q: What are the use cases for Scroll?
A: Scroll can be used in decentralized exchanges, decentralized finance protocols, gaming applications, and various other decentralized applications that require high throughput and low-cost transaction processing.