1. PixelPlaygroundHome
  2. Metaverse Insights

Addressing Ethereum Network Congestion with ZK Rollup based Ethereum Expansion Network Scroll

• Metaverse Insights • 96 views

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

Addressing Ethereum Network Congestion with ZK Rollup based Ethereum Expansion Network Scroll

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 the current scenario, Ethereum has evolved as the world’s largest blockchain-based decentralized application (DApp) development platform. With its functionality and universal appeal, it has become the go-to platform for developers focused on building high-performance and secure DApps. However, with Ethereum’s increasing popularity, its network has become congested, leading to slower transaction times and higher fees. This is where ZK Rollup based Ethereum Expansion Network Scroll comes into play.

What is Ethereum?

Ethereum is a decentralized, open-source blockchain platform that enables developers to build decentralized applications using its scripting language, Solidity. Unlike Bitcoin, Ethereum’s blockchain does not prioritize transactions based on fees, but rather through a complex algorithm that considers the amount of computational resources required to execute the transaction.

Ethereum Network Congestion

With Ethereum’s growing popularity, its network has been dealing with increasing traffic and network congestion, causing scalability issues that lead to delays, higher fees, and degraded user experience. A delay of even a few seconds can cause dissatisfaction among users, thereby making network congestion a significant issue for the Ethereum community.

What is Scroll?

ZK Rollup based Ethereum Expansion Network Scroll is a two-layer network approach that allows for faster and cheaper transactions on the Ethereum network. The Scroll network provides EVM equivalence for developers while ensuring low-cost, efficient, and decentralized Ethereum security.

How Scroll Helps in Addressing Ethereum Network Congestion

By implementing a two-layer network approach, Scroll aims to solve the scalability issues faced by Ethereum. The lower layer is called Ethereum L1 or mainnet, which serves as the foundation and ensures the utmost security of all Scroll transactions. Since Ethereum Network congestion is mostly caused by people who are unfamiliar with the network’s intricacies, the Ethereum L1 is actively engaging users through participation incentives.
The upper layer is called Scroll L2, where all of the transactions take place. Transactions are batched and compressed together into a single transaction on-chain in the Ethereum L1, which ensures Scroll’s compatibility with EVM. The Ethereum L1 imposes the most strict security in Ethereum history, which becomes the checkpoint of the Scroll network, ensuring that all asset operations are secure.

Benefits of Scroll

• Faster Transactions: Scroll allows for faster transaction processing by using Ethereum L1’s security checkpoint. Batched and compressed transactions are then transmitted to the Ethereum L1 network, resulting in a reduced transaction confirmation time and operating costs.
• Lower Fees: By compressing transactions on its L2, Scroll reduces the cost of operating on the Ethereum network, providing relief to users hit by skyrocketing fees.
• Decentralized Security: The Scroll network relies on decentralized security to ensure the integrity of all transactions on both L1 and L2.

Conclusion

Scroll is a promising approach to addressing Ethereum Network congestion while ensuring user security and reducing fees. Its two-layer network approach presents an innovative way to solve the scalability problems that have been plaguing the Ethereum network. Moving forward, Scroll’s adoption and success have the potential to make Ethereum one of the most formidable blockchain platforms for developers.

FAQs

1. How does Scroll ensure the security of transactions on both L1 and L2?
The Scroll network relies on two-layer security, decentralized computation, and a smart contract-based data protocol to ensure the security of transactions on both L1 and L2.
2. Is Scroll compatible with EVM?
Yes, Scroll is indeed compatible with EVM since transactions are batched and compressed together into a single transaction on-chain in the Ethereum L1. This preserves the EVM’s compatibility, enabling developers to seamlessly move their applications to Scroll L2.
3. What is the expected rate of scalability for the Scroll network?
The Scroll network expects to handle up to 2000 transactions per second with instant finality.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20474/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/10/2023 04:27
Next 04/10/2023 04:59

Recommended articles