Tech, Scroll, Upgrade, News Euclid goals to enhance community efficiency, improve software compatibility, and scale back information storage prices whereas making wallets extra accessible.
Scroll, the Ethereum layer-2 community, shared Wednesday that it has launched its Euclid improve, which the workforce known as its most important protocol transformation thus far.
According to Scroll Labs, a key consequence of the improve is that it transitions Scroll from a “stage 0” to a “stage 1” rollup, which means the community will retire some centrally-controlled security options in an effort to turn into extra decentralized.
“Euclid represents the biggest leap forward for Scroll since its inception,” the workforce wrote in a weblog submit shared with CoinDesk. “It’s a statement about Scroll’s future and its commitment to pushing the boundaries of what’s possible in the ZK Rollup arena.”
The Euclid improve features a vary of options designed to enhance community efficiency, enhance compatibility for sure functions, and scale back information storage prices. Additionally, the improve makes wallets extra user-friendly by way of account abstraction, which permits builders to automate sure options by way of sensible contracts.
Scroll is a zero-knowledge rollup — a blockchain scaling answer that makes use of zero-knowledge know-how to course of transactions cheaper and extra effectively than on the bottom community, Ethereum.
The new improve comes as Scroll has seen its user activity plummet to all-time lows. Currently, $62.6 million is locked with the protocol, down 94% from the community’s all-time excessive of over $900 million, in keeping with information from DefiLlama.
Scroll’s TVL sank precipitously starting on Oct. 18, 2024, which is when a snapshot was taken to find out eligibility for the SCROLL token airdrop.
Scroll’s declare that with the Eulicid improve it has transitioned to a “stage 1” rollup follows from a 2022 weblog submit by Ethereum co-founder Vitalik Buterin, who proposed categorizing rollups in keeping with their diploma of decentralization. Buterin launched his framework within the early days of rollups, when nearly each “layer-2” community employed so-called coaching wheels — options that sacrificed decentralization for effectivity, safety, and different advantages.
Without clear requirements for speaking the stage of a rollup, Buterin was involved that they risked deceptive customers as to their safety degree, and he said on X that he would solely publicly point out layer-2 networks that had reached stage 1 or past.
At that point, solely Arbitrum and Optimism had been at that stage. Since then, Unichain, Ink, and Kinto have joined them, in keeping with L2Beat.
The Euclid improve helps decentralize Scroll’s sequencer, the system that processes and orders transactions earlier than they’re despatched to Ethereum. According to Scroll’s weblog submit, the brand new options make sure the Scroll workforce can’t unilaterally block or censor transactions, which was theoretically doable underneath the older configuration.
Scroll claims it’s the first zero-knowledge rollup to achieve stage 1 part.
Read extra: Scroll’s SCR Token Debuts at $212M Market Cap in Volatile Trading Session
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