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Scroll Mainnet Launch: Co-Founder Forecasts Accelerated Performance Surpassing Ethereum

Oct 20, 2023 at 08:51 am

On October 8, as per blockchain records, Scroll executed the deployment of its smart contract. However, the team deliberately postponed the official announcement, choosing this week for the revelation.

Tuesday marked a significant milestone for Scroll, as the project, positioned as a layer 2 solution for Ethereum, officially activated its main network. This development thrusts Scroll into the competitive realm of "scaling solutions," all vying to streamline transactions on Ethereum, the largest blockchain platform for smart contracts, by making them more cost-effective and expeditious.

What sets Scroll apart is its adept utilization of zero-knowledge technology. This approach ensures compatibility with the Ethereum Virtual Machine (EVM), streamlining the process for developers seeking to transition their applications from Ethereum to the cutting-edge "zkEVM" network. It's worth noting that other players in the blockchain development arena, including Polygon and Matter Labs, have also introduced their own zkEVM solutions. In contrast, layer 2 networks such as Arbitrum and OP Labs’ OP Mainnet employ a distinct technology known as "optimistic rollups."

Sandy Peng, one of Scroll's co-founders, emphasized, “We can expect Scroll to scale Ethereum by an order of magnitude,” during an insightful discussion with Bitsday.

Although blockchain data revealed the deployment of Scroll's smart contract on October 8, the official announcement was strategically postponed until this opportune moment.

This network launch arrives almost seven months after competitors Polygon and Matter Labs introduced their respective zkEVMs.

Peng offered an insightful analogy, stating:

 “I often compare it to a train, and the cost of which depends on how many passengers are on the same train.”

Read more: Scroll zkEVM Unveiled: Blockchain Data Reveals Competition with Polygon and Matter Labs

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