Scroll

Overview

Scroll is a Layer 2 scaling solution for Ethereum that aims to improve transaction speed and reduce costs while maintaining Ethereum's security. It uses zero-knowledge proofs technology to bundle multiple transactions into a single proof that is then verified on the Ethereum mainnet.

Purpose and Utility

The primary purpose of Scroll is to provide a more efficient and cost-effective way to process Ethereum transactions while maintaining full compatibility with Ethereum's virtual machine (EVM). This allows developers to deploy their existing Ethereum applications on Scroll without modification.

Business Model and Operations

The project's business model focuses on providing infrastructure services for blockchain applications. The native token is used for paying transaction fees and potentially for governance in the future. The platform doesn't involve any interest-bearing mechanisms, gambling, or prohibited activities.

Development and Adoption

Scroll has shown significant development activity with regular updates to its codebase and technical infrastructure. The project has established partnerships with various blockchain projects and has a growing ecosystem of applications being built on its platform.

Token Distribution

While detailed token distribution information isn't publicly available yet, the project has implemented vesting schedules for team members and early investors to ensure long-term alignment of interests.