Description
Scroll was founded in 2021 with the vision of scaling Ethereum to a billion users. As a Layer 2 network, Scroll processes transactions off Ethereum on its own network and then ports the transaction data back to Ethereum โ helping increase transaction speed and reduce costs. Scroll uses zk-rollup technology for its network, helping achieve scalability. Scroll's zkEVM, or zero-knowledge Ethereum virtual machine, batches transactions and then generates proof that these transactions are all legitimate. This proof is then broadcast to Ethereum, and the transactions get approved.
MARKET DETAILS OF SCROLL
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