Blockchain
In a recent move to make the DeFi space more accessible and fluid, Particle Network announced its support for Scroll, a ZKEVM layer 2 scaling solution. This move is expected to foster a more user-friendly and accessible DeFi ecosystem, a critical milestone that could potentially bring DeFi to the masses.
Particle Network integrates with Scroll’s mechanisms
Particle Network is pleased to show its support for Scroll, an advanced ZKEVM Layer 2 scaling solution for Ethereum. This collaboration seeks to combine Particle Network’s powerful middleware services with Scroll’s improved scalability, lower gas costs, and faster transaction speeds. This union should pave the way for a more navigable and user-friendly decentralized environment for both developers and end users.
Scroll is a Layer 2 scaling solution built on the foundations of zkEVM and zkRollup technology, with the ambition to deliver transaction experiences that are faster and cheaper than those on the primary Ethereum (Layer 1) blockchain. Scroll differentiates itself from other ZK Rollup solutions, such as Polygon zkEVM, StarkNet, and zkSync Era, by offering an implementation that more closely resembles native Ethereum and provides a more developer-friendly environment for EVM developers. By moving the majority of operations away from Layer 1, yet maintaining security and finality, Scroll significantly reduces gas costs and provides faster transaction speeds. The main benefits of Scroll include:
- Lower Gas Costs: Significantly lower than Tier 1 costs, a cost-effective alternative.
- Improved transaction speed: instant pre-confirmation on layer 2 and fast finality on the base layer.
- Strong security: Backed by the main Ethereum blockchain.
- EVM Equivalence: Provides a smooth migration path for existing developer dApps and tooling compared to other ZK Rollup solutions.
- Decentralization: Promotes decentralization at all levels of the community.
How will Particle Network use scrolling?
The fusion of Particle Network and Scroll middleware services opens up an exciting new world of opportunity for developers. This partnership heralds a seamless and streamlined experience for those building on this Layer 2 scaling solution.
For starters, developers can now harness the power of Particle’s highly efficient authentication suite. Powered by MPC-TSS and Account Abstraction, this service revolutionizes users’ login processes, making them easier to use and more secure.
In addition, the integration works to bridge the gap between Web2 and Web3, ensuring a smoother transition for developers and users. With the availability of SDKs across platforms including Web, iOS, Android, Unity, and Unreal, the jump between traditional web services and blockchain technology is becoming less daunting and more accessible.
Finally, developers can strengthen the security and reliability of their decentralized applications (dApps). Particle Network’s middleware services, including Node API, IPFS, NFT, data analytics, and more, provide a robust foundation for creating secure, reliable, and feature-rich dApps.
Scroll recently launched the testnet version of its Ethereum Layer 2 solution on the Goerli testnet, marking a major milestone on the way to the mainnet launch, scheduled for late 2023. The current deployment on the Goerli testnet marks the shift in Scroll’s zkEVM development stages from the pre-alpha to the alpha testing stage.
Goerli, a public testnet, provides developers with a platform to actively engage with open source code. This critical phase helps developers identify and correct potential pitfalls and bugs prior to mainnet launch.
To facilitate the transaction of digital assets between the Goerli testnet and Scroll, a bridge has been carefully created and implemented.
Scroll by Particle Network’s endorsement underscores their unwavering commitment to fostering creativity within the decentralized sector and providing steadfast support to Web3 developers. By providing superior middleware services to developers working on Scroll, Particle Network plays a strategic role in shaping the future of Ethereum-centric applications with a focus on improving scalability, strengthening security, and improving of the overall user experience.
