Scroll (SCR)

Use Case of Scroll

Scroll is a native zkEVM Layer 2 solution for Ethereum. It helps make Ethereum transactions faster and cheaper by processing them off the main Ethereum chain while still keeping security and compatibility with Ethereum smart contracts. This allows developers and users to enjoy Ethereum's features with better speed and lower costs.

Pros

Scroll is a native zkEVM Layer 2 for Ethereum, which means it helps make Ethereum transactions faster and cheaper by processing them off the main Ethereum chain while still keeping security. This can improve user experience by reducing wait times and fees.

Cons

Since Scroll is a Layer 2 solution, it depends on the Ethereum network and its security. Also, as a newer technology, it might have fewer users and less support compared to more established platforms.

Founders of Scroll

The founders of Scroll are Sandy Peng, Ye Zhang, and Haichen Shen. They are graduates from prestigious universities such as Peking University, Tsinghua University, and Cambridge University. Sandy Peng has experience in research, business development, and project strategy. Ye Zhang is a blockchain expert with a strong background in cryptography and zero-knowledge proofs. Haichen Shen, who is also the CEO, has a strong engineering background and has worked at Amazon. Together, they co-founded Scroll in 2021 to build a zkEVM Layer 2 scaling solution for Ethereum.

Institutional Investors

Scroll has 21 institutional investors including Polychain Capital, Bain Capital Crypto, Moore Capital Management, Sequoia Capital China, Variant Fund, Newman Capital, IOSG Ventures, Qiming Venture Partners, OKX Ventures, and others. These investors participated in Scroll's funding rounds, including a $30 million Series A round in April 2022 and a $50 million Series B round in March 2023.

Venture Capital Firms

Major venture capital firms backing Scroll include Polychain Capital, Sequoia Capital China, Bain Capital Crypto, Moore Capital Management, and Variant Fund. These firms have shown confidence in Scroll's potential by leading or participating in its funding rounds.

Other Investors

Additional investors include Newman Capital, IOSG Ventures, Qiming Venture Partners, HongShan, Robot Ventures, Geometry DAO, Ethereum Foundation members, and individual angel investors from the Ethereum community.

For more details, visit the official website: https://scroll.io/

Halal Status of Scroll

Scroll is a native zkEVM Layer 2 solution built on Ethereum, focusing on scaling and security through zero knowledge cryptography. It operates as a blockchain technology platform without involving interest (riba) or gambling (maisir) elements. Therefore, Scroll can be considered halal because it is a technology platform rather than a financial product that inherently involves prohibited activities.