In a significant expansion of the Layer 2 landscape, October saw MantaPacific and Scroll roll out their mainnets, signaling fresh momentum in scalability solutions. Additionally, analytics platform Coin98 Analytics highlighted that in the race for user acquisition, Base and Optimism are at the helm with the highest number of addresses, while in the NFT arena, Optimism and zkSync are setting the pace.
#Layer2 October Report
— Coin98 Analytics (@Coin98Analytics) November 6, 2023
Key Takeaways:
– New Layer 2 platforms have launched their mainnet: #MantaPacific and #Scroll
– #Base and #Optimism lead in total addresses
– Optimism and #zkSync lead in NFTs
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Scroll’s innovative approach allows developers to utilize familiar tools while benefiting from enhanced transaction speed thanks to its efficient batch proof process. Significantly, Scroll’s system is designed to confirm the accuracy of transactions without exposing their contents, a leap forward in maintaining privacy and security.
Moreover, in the year leading up to the mainnet launch, Scroll’s testnet has been a hive of activity with over 55 million transactions processed, showcasing the robust demand for more efficient Ethereum transactions. Consequently, the mainnet rollout comes with high expectations from a community eager for scalable blockchain solutions.
Additionally, the platform’s mainnet code has undergone rigorous audits by leading firms, underscoring the team’s commitment to security. The Scroll team is not resting on their side, as they delve into research aimed at decentralizing both the prover network and the sequencer. This initiative addresses the potential risks of sequencer downtime, with upgrades on the horizon to allow for uninterrupted operations even during outages.
Hence, the Scroll team’s strategic plans include the integration of a Security Council, introducing an extra layer of oversight. Upgrades to the protocol will soon require this council’s approval, indicating a move towards a more decentralized and secure governance model.
Furthermore, the quest for resilience continues with the development of a second prover based on SGX technology, courtesy of collaboration with TEE experts. This advancement promises to enhance the platform’s reliability and secure its place in the competitive landscape of Layer 2 solutions.
Scroll’s mainnet launch is a milestone in Ethereum’s scaling solutions, offering developers an enticing blend of speed, efficiency, and security. The initiative represents a significant step forward for the Ethereum community, eagerly seeking to reduce costs and increase transaction throughput without compromising on the network’s core principles of decentralization and security.
