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What is Scroll (SCR)?

Scroll basic info

Name:Scroll
Ticker:
Introduction:

What Is Scroll?

Scroll is a Layer 2 scaling solution. It is designed to enhance the performance of the Ethereum blockchain using zkEVM (Zero-Knowledge Ethereum Virtual Machine) and ZK-Rollup technology. As Ethereum grows in popularity, its network faces challenges like high gas fees and slower transaction times due to its limited scalability. Scroll addresses these issues by processing transactions off-chain in a more efficient manner, bundling them together, and then validating the transactions on the Ethereum mainnet using cryptographic proofs. This allows for faster transaction speeds and significantly reduced costs, all while maintaining Ethereum’s security and decentralized infrastructure.

Scroll operates with the goal of enabling more scalable, efficient, and secure blockchain applications, especially for decentralized finance (DeFi), gaming, and NFT platforms. By leveraging zero-knowledge proofs, Scroll ensures that transaction data is verified without revealing sensitive information, thus maintaining the privacy and integrity of the network.

How Scroll Works

Scroll uses ZK-Rollups, a Layer 2 technology that bundles a large number of off-chain transactions into a single batch, creating a cryptographic proof to verify the validity of those transactions. These proofs are then sent to the Ethereum blockchain for verification without the need to re-execute every individual transaction. This significantly reduces the computational load on Ethereum, speeding up transaction processing and reducing gas fees by as much as 30 times compared to conducting transactions directly on Ethereum.

The Scroll architecture comprises three key components:

  1. Scroll Node: This generates Layer 2 blocks from user transactions and communicates with Ethereum's base layer (Layer 1), allowing for data exchange between both layers.

  2. Roller Network: This network is responsible for producing zkEVM validity proofs to verify transactions without compromising security.

  3. Rollup and Bridge Contracts: These enable data availability and resource exchange between Ethereum and Scroll, ensuring a seamless flow of assets between Layer 1 and Layer 2.

Scroll also employs zkSNARKS (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) to ensure that transaction proofs are secure and verified efficiently. This helps maintain the security and decentralization of the Scroll network.

Who Founded Scroll?

Scroll was co-founded by Ye Zhang, a blockchain expert with a strong background in cryptography and zero-knowledge proofs, along with a skilled team of developers and engineers. Their goal was to create a Layer 2 solution that would make Ethereum faster and more scalable, without compromising its security. By using zkEVM technology, Scroll helps Ethereum handle more transactions efficiently.

The team behind Scroll has secured significant funding, raising $30 million in a Series A round led by Polychain Capital, followed by an additional $50 million from Bain Capital Crypto and IOSG Ventures. This funding has helped Scroll become a key player in improving Ethereum's scalability and performance.

Conclusion

In short, Scroll is a Layer 2 solution that helps make Ethereum faster and more affordable by processing transactions off-chain and verifying them with cryptographic proofs. This reduces gas fees and speeds up transactions without sacrificing security. With strong backing, Scroll aims to boost Ethereum's performance for DeFi, gaming, and NFTs.



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Current price:
All-time high:$1.5
All-time low:$0.03000

SCR supply and tokenomics

Circulating supply:-- SCR
Total supply:-- SCR
Max supply:0 SCR
Market cap:--
Fully diluted market cap:--

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What is the development prospect and future value of SCR?

The market value of SCR currently stands at --, and its market ranking is #999999. The value of SCR is not widely recognized by the market. When the bull market comes, the market value of SCR may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SCR has broad market potential and significant room for development. The distinctiveness and appeal of SCR may attract the interest of specific groups, thereby driving up its market value.

What will the price of SCR be in 2025?
Based on SCR's historical price performance prediction model, the price of SCR is projected to reach $0.00 in 2025.
What will the price of SCR be in 2030?
In 2030, the SCR price is expected to change by -3.00%. By the end of 2030, the SCR price is projected to reach $0.00, with a cumulative ROI of -100.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SCR and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is SCR worth investing or holding? How to buy SCR from a crypto exchange?

If you want to buy SCR, the following information may be helpful for your investment decisions:
In the last 7 days, the price of SCR has fallen by undefined%, leading to negative returns for most SCR investors. The market is currently pessimistic about the price trend of SCR.
It is important to note that the current price of SCR has retreated by -24.87% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SCR is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SCR or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SCR, if you want to buy or sell SCR, you can consider Bitget for your trading needs. The best place to buy SCR is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Scroll has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Scroll. Here's a step-by-step guide on how to buy Scroll on Bitget.

How to get Scroll through other methods?

Using cash to buy Scroll is not the only way to obtain Scroll. If you have the time to spare, you can get Scroll for free.
Learn how to earn Scroll for free through the Learn2Earn promotion.
Earn free Scroll by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Scroll airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Scroll through Bitget Convert, Bitget Swap, or spot trading.

What is Scroll used for and how to use Scroll?

The use case of Scroll may expand as the crypto market and the project itself develop. Currently, you can use SCR to achieve the following goals:
Arbitrage by trading SCR: Since SCR is a frequently traded cryptocurrency, the price of SCR is always fluctuating. Earn more SCR by buying low and selling high on the exchange. Bitget spot market provides a variety of SCR trading pairs to fully meet your needs.
Earn by staking SCR: You can also generate income through financial management methods such as staking SCR or lending SCR. Bitget Earn offers a variety of financial products designed to help you earn more income from your SCR.
Send or pay SCR: If you want to give SCR to your friends, a charity, or a fundraiser, or you want to pay someone with SCR, you can quickly and easily send SCR to the recipient through their payment address.
You can also go to the official website of the Scroll project to learn more about the use cases of SCR. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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