EVM contender Scroll launches mainnet to reduce transaction costs

Scroll, a new player in the zero-knowledge Ethereum Virtual Machine (zkEVM) niche focused on scaling the blockchain, launched its mainnet on October 17. The Scroll team announced the launch in a post, sharing that existing developer tool kits and applications on the Ethereum Mainnet could now migrate to their solution.

Higher throughput for dApps

Scroll’s zkEVM solution aims to reduce transaction costs and increase output for decentralized applications running on the Ethereum Mainnet.

The solution compounds thousands of off-chain transactions into one, then submits a proof to the Ethereum Mainnet consisting of a minimal data summary.

Extensive testing and security audits

According to blockchain data, Scroll’s mainnet went live about ten days ago, but the platform withheld the news. Etherscan data indicates that the first smart contract was deployed on the Scroll mainnet on October 8.

Scroll’s launch came after more than a year of extensive security audits and tests of three separate testnets. The platform stated that Zellic and OpenZeppelin audited their bridge and rollup contracts. KALOS, Zellic, and Trail of Bits reviewed its zkEVM circuits.

Half a million smart contracts deployed

The platform deployed almost half a million smart contracts across the three testnets. This enabled over 90 million transactions across nine million blocks. The firm also generated 280,000 ZK-proofs.

Scroll cofounder Ye Zhang told Cointelegraph his firm would enter the market with centralized features, but planned to gradually decentralize thereafter. He said:

We will have a centralized sequencer and the central approver button. We have a roadmap […] to solve the single point of failure and to incentivize the community to build better proving hardware.

Zhang added that his team would pitch a number of proposals to its community so the latter could choose the best option for the firm moving forward.