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Scroll: A Layer-2 Solution Built on Ethereum's zkEVM

Mary-Kate Olsen
Mary-Kate OlsenOriginal
2024-10-15 18:58:18285browse

Scroll is a Layer-2 solution built on Ethereum's zkEVM (Zero-Knowledge Ethereum Virtual Machine), designed to solve Ethereum's scalability challenges.

Scroll: A Layer-2 Solution Built on Ethereum's zkEVM

Scroll is a Layer-2 solution built on Ethereum’s zkEVM (Zero-Knowledge Ethereum Virtual Machine), designed to solve Ethereum’s scalability challenges. The protocol uses zero-knowledge proofs to bundle transactions off-chain, which are then verified on the Ethereum mainnet. This reportedly reduces both transaction costs and processing times, making Ethereum more efficient and scalable.

The latest project on Binance's Launchpool, Scroll offers users the opportunity to participate in the project by farming SCR tokens. Binance users can lock their BNB and FDUSD in dedicated pools to earn SCR. The farming period will begin on October 9, 2024, at 00:00 UTC and will continue until October 10, 2024, at 23:59 UTC.

A total of 55 million SCR tokens, or 5.5% of the total supply, will be distributed to participants. The hourly hard cap for the BNB pool is 97,395 SCR, while the hourly hard cap for the FDUSD pool is 17,187 SCR.

Once the farming period ends, Binance Pre-Market will list the SCR/USDT trading pair on October 11, 2024, at 10:00 UTC. However, this service is not available in all regions.

Binance Pre-Market allows users to trade tokens like SCR before they are officially listed on the spot market. It offers early access to promising tokens, enabling traders to establish positions ahead of the general market. Pre-market trading will conclude at least four hours before the official spot listing, offering a smooth transition into the main market.

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