zk-rollup

Web3Caff Research releases a report on the L2 public chain Scroll: Can it become the most compatible zk-Rollup network with Ethereum?

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the L2 public chain Scroll. Web3Caff Research researcher ssr.eth pointed out in the report that in January 2021, Ethereum co-founder Vitalik Buterin stated that with the advancement of zk-SNARK technology, zk-Rollup would prevail among all Layer2 solutions. As a member of the zk-Rollup sector, Scroll is collaborating with the PSE team, supported by the Ethereum Foundation, to develop zkEVM. Although the PSE team has recently shifted its focus to zkVM, Scroll maintains its unique orthodoxy and is exploring new technologies such as zero-knowledge proofs and hardware acceleration, aiming to launch a more secure, efficient, and highly scalable zk-Rollup network.In addition, Scroll introduced EIP-4844 data blobs on April 29, 2024, to achieve Layer1 data availability. The emergence of EIP-4844 significantly optimizes Layer2 solutions and effectively alleviates data availability issues. The report further indicates that with the launch of the Scroll mainnet, its ecosystem is continuously improving, and community incentive activities and hackathons are attracting more and more users and developers.Despite the steady increase in its TVL and active address count, whether Scroll can stand out among numerous competitors remains a key concern for the community. For example, the disadvantages and risks faced by Scroll include issues of technological maturity and user acceptance; zk-Rollup technology is still in the validation phase, has a long development time, and hardware acceleration technology is still under testing. In terms of developer support and ecosystem building, the number of Scroll users and transaction volume still needs to grow. Challenges in cross-chain interoperability and ecosystem integration also increase the resistance to its comprehensive application, while the choice between zkVM and zkEVM will determine the future development direction.

LK Venture announces investment in Bitcoin Layer2 scaling solution Merlin Chain

ChainCatcher news, Hong Kong listed company Blueport Interactive (8267.HK) affiliated crypto investment and research institution LK Venture announced that it has invested in the Bitcoin Layer2 scaling solution Merlin Chain through the Bitcoin network ecological investment management fund BTC NEXT.Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC anti-fraud module, dedicated to empowering native assets, protocols, and products on Bitcoin Layer1 through Layer2 network, making Bitcoin interesting again. Bitmap Tech is the parent company of Merlin Chain, with a total market value of over 500 million USD, and its BRC-420 "Blue Box" series has become one of the hottest assets on Ordinals.LK Venture founding partner Leo Deng stated that through the differentiated strategy of "first having the ecosystem, then having Layer2," Merlin Chain will bring the Bitcoin Layer1 assets represented by the Blue Box and the strong user community consensus of Bitmap holders into Bitcoin Layer2, endowing it with rich asset reserves and user base. We appreciate the efforts made by the team behind Merlin Chain, Bitmap Tech, in focusing on the Bitcoin ecosystem over the years, and look forward to the technological upgrades of Merlin Chain and the further expansion of its DApp ecosystem.
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