Scroll

Lately, as we all know, crypto is garnering a lot of spotlight, with coins pumping left and right, and projects that were being built in the bear market are now launching their native tokens to capitalize on the rising interest. One of the projects I have been keeping an eye on in recent months is Scroll.io, so I thought of making a post about it.

Scroll Protocol is a promising Layer-2 solution, addressing the pressing issues of scalability and high transaction fees plaguing the Ethereum network. It aims to offer unlimited scalability, lightning-fast transaction confirmation, and enhanced privacy, all while leveraging zk-Rollup and innovative off-chain distributed systems.
( Just Like Every other layer - 2 project )

Background
Ethereum, the decentralized hub for DApps, faces congestion issues, limiting its throughput to around 30 transactions per second (TPS). This bottleneck results in high gas fees, making transactions unaffordable for regular users. Scroll steps in to alleviate these problems by significantly reducing fees and boosting transaction speed.

Key Innovations
**
Hierarchical Zero-Knowledge Proof System**
Scroll adopts a revolutionary hierarchical zero-knowledge proof system. This new approach facilitates the deployment of popular DApps on Layer 2, ensuring efficient verification through succinct proofs. This innovation enhances the overall performance and usability of Scroll.

Efficient Inter-DApp Communication
Inspired by novel cryptographic protocols, Scroll establishes efficient communication channels between DApps on different Layer-2 solutions.

Layer-2 Mining Mechanism
Scroll introduces Layer 2 mining, a robust and permissionless process incentivizing miners to generate zero-knowledge proofs. This mechanism not only supports scalability but also tackles the issue of Miner Extractable Value (MEV) by separating transaction packing and mining processes.
**
Technical Overview**

Smart Contract

Fact register contracts for proof verification.
DApp state contracts for storing and updating states.
Staking pool contracts for secure deposit and withdrawal operations.

**Zero-Knowledge Proof System
**
A two-layered proof system with different zero-knowledge proof systems.
The first layer efficiently generates proofs for individual DApp circuits.
The second layer aggregates proofs into a succinct proof for universal on-chain verification.
Circuit Deployment

Customized ASIC circuits for frequently used DApps like AMM and DEX.
Generic CPU circuit for Turing-complete computations with proof recursion.
Layer-2 Mining Mechanism

Miners play a crucial role in proof generation for both layers, driven by a unique reward model.
Randomized proof outsourcing enhances privacy for smart contracts.
zk-Rollup and Validium:

Users can choose between zk-Rollup and Validium, balancing security and cost.
zk-Rollup ensures higher security by uploading all transactions on-chain, while Validium records transaction data off-chain for lower fees.

A really great project that show great potential for innovation and most of all profits in the upcoming Bull Run.

Links

https://scroll.io/
https://twitter.com/Scroll_ZKP

Posted Using InLeo Alpha