3 weeks ago
Scroll, the Ethereum layer-2 network, shared Wednesday that it has launched its Euclid upgrade, which the squad called its astir important protocol translation to date.
According to Scroll Labs, a cardinal effect of the upgrade is that it transitions Scroll from a "stage 0" to a “stage 1” rollup, meaning the web volition discontinue immoderate centrally-controlled information features successful an effort to go much decentralized.
“Euclid represents the biggest leap guardant for Scroll since its inception,” the squad wrote successful a blog station shared with CoinDesk. “It's a connection astir Scroll's aboriginal and its committedness to pushing the boundaries of what's imaginable successful the ZK Rollup arena.”
The Euclid upgrade includes a scope of features designed to amended web performance, boost compatibility for definite applications, and trim information retention costs. Additionally, the upgrade makes wallets much user-friendly done account abstraction, which allows developers to automate definite features done astute contracts.
Scroll is simply a zero-knowledge rollup — a blockchain scaling solution that uses zero-knowledge exertion to process transactions cheaper and much efficiently than connected the basal network, Ethereum.
The caller upgrade comes arsenic Scroll has seen its user enactment plummet to all-time lows. Currently, $62.6 cardinal is locked with the protocol, down 94% from the network's all-time precocious of implicit $900 million, according to information from DefiLlama.
Scroll's TVL sank precipitously opening connected Oct. 18, 2024, which is erstwhile a snapshot was taken to find eligibility for the SCROLL token airdrop.
Scroll's assertion that with the Eulicid upgrade it has transitioned to a "stage 1" rollup follows from a 2022 blog station by Ethereum co-founder Vitalik Buterin, who projected categorizing rollups according to their grade of decentralization. Buterin introduced his model successful the aboriginal days of rollups, erstwhile virtually each "layer-2" web employed alleged grooming wheels — features that sacrificed decentralization for efficiency, security, and different benefits.
Without wide standards for communicating the signifier of a rollup, Buterin was acrophobic that they risked misleading users arsenic to their information level, and helium stated connected X that helium would lone publically notation layer-2 networks that had reached signifier 1 oregon beyond.
At that time, lone Arbitrum and Optimism were astatine that stage. Since then, Unichain, Ink, and Kinto person joined them, according to L2Beat.
The Euclid upgrade helps decentralize Scroll's sequencer, the strategy that processes and orders transactions earlier they are sent to Ethereum. According to Scroll's blog post, the caller features guarantee the Scroll squad cannot unilaterally artifact oregon censor transactions, which was theoretically imaginable nether the older configuration.
Scroll claims it is the archetypal zero-knowledge rollup to scope signifier 1 phase.
Read more: Scroll's SCR Token Debuts astatine $212M Market Cap successful Volatile Trading Session
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