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Scroll, an Ethereum scaling project using ZK-Rollups technology, has raised $30 million, according to The Block. The startup’s Series A funding round was led by Polychain Capital, with
Scroll, an Ethereum scaling project using ZK-Rollups technology, has raised $30 million, according to The Block.
The startup’s Series A funding round was led by Polychain Capital, with input from Bain Capital Crypto, Robot Ventures, Geometry DAO, and several other angel investors.
The project will use funds to expand the 20-person team and launch a testnet. The second is expected in the second half of 2022.
Sandy Peng, co-founder of Scroll, noted the following about the differences between the developed solution and other L2 scaling protocols:
“We are equivalent or native EVMAs defined by the Ethereum Foundation.”
According to him, this means that developers can copy the smart contract crafting code from Ethereum and place it on the Scroll without any modifications.
He promised to reveal details of the technology the startup is deploying “in the coming months.”
In February, the Matter Labs team deployed a solution based on ZK-Rollup on the Ethereum testnet as the first EVM compatible L2 protocol.
Recall that Vitalik Buterin described the ZK-Rollups technology as a central element for working on Ethereum scalability.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
