Scroll, the Ethereum Layer-2 network, shared on Wednesday that it has launched its Euclid upgrade, which the team called its most important protocol transformation so far.
According to Scroll Labs, an important consequence of the upgrade is that it is transferred from a “phase 0” to a “phase 1” role, which means that the network will retire a number of centrally controlled safety functions in an attempt to be more decentralized.
“Euclid represents the biggest leap forward for Scroll since its foundation,” the team wrote in a blog post shared with Coindesk. “It is a statement about the future of Scroll and his dedication to push the boundaries of what is possible in the ZK Rollup Arena.”
The Euclid -upgrade includes a series of functions that are designed to improve network performance, to stimulate compatibility for certain applications and to lower cost storage costs. In addition, the upgrade portfolios is becoming more user -friendly Account abstractionWith which developers can automate certain functions through smart contracts.
Scroll is a zero-knowledge rollup-a blockchain scale solution that uses zero-kennist technology to process transactions cheaper and more efficiently than on the basic network, Ethereum.
The new upgrade is because Scroll has seen its user activity fall to lows. Currently, $ 62.6 million has been locked with the protocol, with 94% a decrease in all time of the network of more than $ 900 million, according to Defillama data.
Scroll’s TVL quickly dropped from October 18, 2024, when a snapshot was made to determine whether the eligible for the Scroll -Token AirDrop.
The claim of Scroll that the Eulicid upgrade has switched to a “phase 1” role follows from a blog post from 2022 by Ethereum co-founder Vitalik Buterin, who suggested categorizing rollups according to their decentralization grade. Buterin introduced his framework in the early days of the Rollups, then almost every “Layer-2” network so-called training wheels used functions that sacrificed decentralization for efficiency, safety and other benefits.
Without clear standards for communicating the stage of a Rollup, Buterin was concerned that they risked misleading users about their security level, and he State on X That he would only mention public-2 networks that phase 1 or after that had reached.
At that time, only arbitrum and optimism were at that stage. Since then, Unichain, Ink and Kinto have joined them, According to L2Beat.
The Euclid -Upgrade helps to decentify the Sequencer of Scroll, the system that processes and order transactions before they are sent to Ethereum. According to the Scroll’s blog post, the new functions ensure that the Scroll team cannot unilaterally block or censor, which was theoretically possible under the older configuration.
Scroll claims that it is the first zero knowledge rollup that reaches phase 1 phase.
READ Meer: Scroll’s SCR -Toks debuts at $ 212 million market capitalization in Volatile Trade Session
Credit : cryptonews.net
