Overview

The Ethereum layer-2 network Scroll has announced its Euclid upgrade, a significant step in their technological evolution, now reaching a stage 1 rollup status. This update aims to refine the network’s performance, enhance application compatibility, and reduce costs associated with data storage while improving wallet accessibility.

• Scroll has transitioned to stage 1, moving away from some centralized safety features to embrace greater decentralization.
• The Euclid upgrade embodies Scroll’s commitment to innovation in the zero-knowledge rollup field, marking it as a major advance since its launch.

“Euclid represents the biggest leap forward for Scroll since its inception. It’s a statement about Scroll’s future and its commitment to pushing the boundaries of what’s possible in the ZK Rollup arena.”

Details of the Upgrade

The upgrade introduces features that optimize network functionality and streamline user experience. This includes account abstraction, allowing developers to automate certain wallet processes via smart contracts.

Despite its advancements, Scroll faces challenges, particularly a drop in user activity. The total value locked (TVL) currently stands at $62.6 million, reflecting a steep decline from previous highs.

The Euclid upgrade not only aids Scroll in decentralization efforts but also ensures that the team cannot unilaterally block transactions, addressing prior concerns over control.

Final Thoughts

As Scroll embarks on this new phase, it joins other networks like Arbitrum and Optimism that have achieved similar milestones in rollup development, strengthening the broader ecosystem of Layer 2 solutions on Ethereum.