Scroll Unveils 2024 Roadmap, Plans to Reduce Cross-Chain Costs by 50%
In Brief
Scroll shared its technical roadmap for 2024, with plans to reduce cross-chain costs by 50% and implementing a 4844 data blob.
Ethereum Layer 2 network based on Zero-Knowledge (ZK) rollup Scroll, announced a new technical roadmap — providing an overview of its plans for the year 2024. The roadmap reveals that Scroll plans to reduce cross-chain costs by 50% through bridge reduction, implementing data compression techniques and a 4844 data blob to minimize transaction fees.
Additionally, enhanced compatibility is planned to be achieved by incorporating EIP 1559 transaction types and SHA256 precompilation.
In the upcoming upgrade, multiple validators, decentralized proof, and a parallel Ethereum Virtual Machine (EVM) will also be added to enhance functionality. Scroll also announced plans to further introduce fair launch programs later this month.
Founded in 2021, Scroll is a fully equivalent EVM ZK-rollup designed to scale the Ethereum network, aiming to address all major drawbacks of Ethereum while offering native compatibility with Ethereum’s tools and applications. By leveraging ZK-rollups, Scroll enables off-chain computations and data storage, ensuring the security of the Ethereum network.
Scroll Emerges as Leading Ethereum Layer 2 Network
In the realm of Ethereum’s scalability solutions, ZK-rollups have emerged as a noteworthy contender.
Scroll’s compelling vision received significant investment, totaling $30 million from Polychain Capital, Bain Capital Crypto, and Geometry DAO, and has garnered support from figures within the Ethereum community. The DeFi platform, Aave v3, is considering deploying its v3 Minimum Viable Product on the Scroll mainnet, possibly leading to a strategic alliance.
In a recent development, Scroll launched its mainnet after a 15-month preparation period, which included multiple testnets, rigorous security audits, and a commitment to open-source collaboration.
Scroll’s updated comprehensive roadmap for 2024 outlines its ambitious plans, positioning it as a promising Ethereum scaling solution, leveraging ZK proofs to efficiently address scalability challenges and improve transaction throughput in the Ethereum network.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at alisa@mpost.io
More articles
Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at alisa@mpost.io
