People using Scroll, an Ethereum
$1,754.25
Layer-2 network, no longer have to depend on a central system to process their transactions.
This update, shared in an April 28 post on X, allows users to send and complete transactions on Ethereum even if the main operator goes offline or blocks them.
The change comes after Scroll introduced an upgrade called Euclid, which was approved by community vote in April.
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With this new setup, the network moves into what is known as “Stage 1” of decentralization. This stage means that smart contracts control most operations, but a backup team still exists to help in emergencies.
Scroll also introduced a solution for handling larger or more complex transactions. These actions require special cryptographic proofs to be verified. If a proof is too large, it can slow down the process or fail.
Scroll worked with a project called Axiom to build a tool named OpenVM. This tool breaks large tasks into smaller parts that can be verified more easily. Rather than failing, these bigger tasks may just take a bit more time to complete.
Furthermore, any change to the network must first go through a vote. After that, there is a three-day delay before the update takes effect. This gives users the chance to leave the network if they do not agree with the new rules.
Recently, Tomasz Stańczak, a co-executive director at the Ethereum Foundation, shared the organization’s plans to improve the Ethereum network’s user experience and Layer 1 scalability. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
