Scroll, the Ethereum Layer-2 network, shared Wednesday that its headquarters has begun an Euclidean upgrade that called the most important protocol conversion ever.
According to Scroll Labs, the key result of the upgrade is to scroll from “stage 0” to “stage 1” rollup. That is, networks are to abolish centrally controlled safety features to be more decentralized.
“Euclidean represents the biggest leap of scrolling since its inception,” the team wrote in a blog post shared with Coindesk. “This is a statement on Scroll’s future and its commitment to pushing the boundaries of what is possible at the ZK Rollup Arena.”
Euclidean upgrades include a variety of features designed to improve network performance, increase compatibility for specific applications, and reduce data storage costs. Additionally, the upgrade makes the wallet more user-friendly Account Abstractiondevelopers will be able to automate certain features through smart contracts.
Scroll is a zero recognition rollup. It is a blockchain scaling solution that uses zero knowledge technology to process transactions cheaper and more efficiently than the base network, Ethereum.
The new upgrade comes as scrolling saw user activity plummet to an all-time low. Defillama data shows that $62.6 million is currently locked to the protocol, down 94% from the network’s all-time high.
Scroll’s TVL will begin on October 18th, 2024. This is when a snapshot was used to determine eligibility for a scroll token airdrop.
Scroll’s claim that EulicID upgrades have moved from a 2022 blog post by Ethereum co-founder Vitalik Buterin to a “stage 1” rollup suggested classifying the rollup according to that extent. Buterin introduced his framework early in the rollup, when almost all “layer 2” networks adopted the so-called training wheels. This is a feature at the expense of decentralization for efficiency, security and other benefits.
Without clear criteria for communicating the roll-up stage, Buterin was concerned that they would risk misleading users regarding their security levels. It is listed in x He only mentions publicly mentioning only Layer 2 networks that have reached stage 1 and later.
At the time, only Kinkai and optimism were at that stage. Unichain, Ink and Kinto have been involved ever since. According to L2Beat.
Euclidean upgrades help to distribute the scrolling sequencer. This is a system that processes and orders transactions before they are sent to Ethereum. According to Scroll’s blog post, the new feature ensures that Scroll teams are unable to unilaterally block or censor transactions that were theoretically possible under the old configuration.
Scroll claims to be the first zero-knowledge rollup to reach Stage 1 phase.
rEAD MORE: Scroll’s SCR Token debuts at a market capitalization of $212 million in volatile trading session
