Ethereum Scaling Solution 'Scroll' Announced and Secures $30 Million Funding For Testnet Deployment

Evening

So after a year of development another Ethereum scaling solution was announced recently, called Scroll. Scroll is an EVM compatible zk-roll up based Ethereum scaling solution. Scroll developers aims to take zk-rollup technology to a new level.

Scroll aims to solve some key shortcomings of already available zk-Rollups. Currently available zk-rollups are application specific, making them difficult for developers to develop new compostable and migratable decentralized applications on them. Whereas Scroll's zkEVM tech allows for easy migration of Ethereum Virtual Machine compatible dapps.

The closest competitors of Scroll are zk-rollups from StarkWare and Matter Labs. Compared to Scroll's zkEVM tech, StarkWare's StarkNet is only virtual machine compatible. Whereas, Matter Labs zk-rollup is also Ethereum virtual machine compatible, Scroll aims to be more developer friendly.

With Scroll's proof of concept announced, the next phase will be launch of test net. Scroll has already secured $30 million in Series A funding for the purpose. The funding round was led by Polychain Capital and Bain Capital Crypto, with Robot Ventures, Geometry DAO among many other participants. Some other angels investors like Ying Tong and Carlos Aria from Ethereum Foundation, Anathony Sassal, Ryan Adams and Santiago Santos from Ethereum Community also joined the fundraising.

Scroll has already been reviewed by Vitalik Buterin himself and has been under development in collaboration with Ethereum Foundation. Several members of Ethereum Foundation and Ethereum Community partaking in testnet fund raising means, the rollup is promising and does have gas behind it.
With successful fundraising, Scroll plans to dedicate more resources towards deployment of testnet by expanding its team across different departments like engineering, development and operations.

Many optimistic and zero knowledge technology based Ethereum scaling solutions have been deployed or are currently underdevelopment, as Ethereum continues suffering from scalability issues. Who will turn out to be the winner, no one can tell. And beside there might not be a single winner, as single scaling solution might not prove enough.

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