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Scroll Network

Scroll Network

SCROLL
#841
$0.02146Up 3.01 percent($0.00)

Key Stats

Market Cap$4.08MUp 3.01 percent
Volume (24h)$16.80M
Fully Diluted Value$21.47M
Vol/Mkt Cap (24h)411.95%
Total Supply1.00B SCROLL
Max Supply∞
Circulating Supply190.00M SCROLL
Launch Date2024-09-03

Scroll Network Information

Websites
scroll.ioWhitepaper
Block Explorers
scrollscan.com
Supported Standards
ERC-20
Industries
Platform

Scroll Network Price Converter

Scroll NetworkSCROLL
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Scroll Network Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Scroll NetworkUSDT logo
SCROLL-USDT
SCRUSDT
binance logobinance
AA
0.02146USDT
2.73%
Scroll NetworkTRY logo
SCROLL-TRY
SCRTRY
binance logobinance
AA
1.04TRY
2.37%
Scroll NetworkUSDT logo
SCROLL-USDT
SCRUSDT
bybit logobybit
A
0.02143USDT
2.58%
Scroll NetworkUSDT logo
SCROLL-USDT
SCR_USDT
gateio logogateio
A
0.02140USDT
2.28%
Scroll NetworkUSDT logo
SCROLL-USDT
SCR_USDT
whitebit logowhitebit
BB
0.02148USDT
2.82%

About Scroll Network

Scroll Network (SCROLL) is an Ethereum Layer 2 zk-Rollup solution, designed to reduce transaction costs and increase scalability. Its token, SCR, is used for governance, network security, and as a utility token for paying fees and interacting with applications. Founded in 2021 by Ye Zhang, Sandy Peng, and Haichen Shen, Scroll aims to enhance Ethereum's ecosystem by improving its performance and usability.

Frequently Asked Questions

Scroll Network (SCROLL) is a Layer 2 scaling solution for Ethereum, using zk-Rollups to enhance Ethereum’s transaction throughput, reduce costs, and maintain the security of the blockchain. Scroll is EVM-compatible, meaning that applications built on Ethereum can function seamlessly on Scroll without modification. It leverages zero-knowledge proofs (ZKPs) to process transactions off-chain and then publish a compressed batch of transactions onto Ethereum, improving scalability while keeping the security guarantees of the Ethereum network.

Scroll is designed to improve Ethereum’s scalability and efficiency by offloading transaction processing from the main Ethereum blockchain onto its Layer 2 solution. This is especially beneficial for DeFi, NFTs, GameFi, and decentralised exchanges (DEXs), which need fast, low-cost transactions. Scroll already supports a variety of projects, including cross-rollup DEXs (e.g., Zada Finance), lending platforms (Cog Finance), and decentralised identity solutions like the Scroll Name Service.

The Scroll Network also offers a native bridge for users to transfer assets between Ethereum and Scroll, making cross-chain asset transfers smoother.

The native token of the Scroll Network, SCROLL, is central to its governance and operational framework. The token is primarily used to:

  • Governance: SCROLL holders participate in the decision-making process concerning the protocol’s development and upgrades.
  • Network Security: SCROLL tokens are used to incentivise and align the miner and prover communities. This helps decentralise the critical functions of Scroll’s ZK-Rollup architecture, such as transaction validation (via provers) and sequencing (via sequencers).
  • Utility: SCROLL will also serve as a utility token, facilitating operations within the Scroll ecosystem, including paying for transaction fees and interacting with dApps deployed on the network.

Scroll was founded in 2021 by a team of developers and researchers specialising in blockchain, zero-knowledge cryptography, and scaling solutions. The team includes Haichen Shen, Sandy Peng, and Ye Zhang. Scroll has raised significant funding, including $80 million from prominent investors such as Polychain Capital and Bain Capital.

Although 'SCR' was the ticker assigned at the deployment of the Scroll Network token's smart contract, it is already being used by the fiat currency Seychelles Rupee. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'SCROLL' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.