Scroll: A Layer-2 Solution to Ethereum's Scalability Challenges

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 zkEVM (Zero-Knowledge Ethereum Virtual Machine), aims to enhance Ethereum's scalability.

The protocol utilizes zero-knowledge proofs to bundle transactions off-chain, which are subsequently verified on the Ethereum mainnet. This reportedly reduces both transaction costs and processing times, making Ethereum more efficient and scalable.

Why Scroll?

Ethereum, the second-largest cryptocurrency network by market cap, faces high gas fees and congestion, especially during peak periods. Scroll tackles these issues by handling transactions off-chain and only submitting verified bundles to the Ethereum mainnet, reducing network strain.

According to the team, Scroll has the potential to enhance the user experience for decentralized applications (dApps) on Ethereum, offering faster transaction speeds and lower fees.

Key Features of Scroll

Scroll and Binance Launchpool

As the latest project on Binance's Launchpool, Scroll offers users the opportunity to participate in the project by farming SCR tokens.

Farming Period: From October 9, 2024, 00:00 UTC to October 10, 2024, 23:59 UTC, Binance users can lock their BNB and FDUSD in dedicated pools to earn SCR.

Total Token Supply: 1 billion SCR.

Launchpool Rewards: 55 million SCR, or 5.5% of the total supply, will be distributed to participants.

Hourly Hard Cap: Users can earn up to 97,395 SCR from the BNB pool and 17,187 SCR from the FDUSD pool.

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.

What is Binance Pre-Market?

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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