SCR Scroll

Use Cases of Scroll

Scroll is designed to enhance the performance of the Ethereum blockchain, making it faster, more scalable, and secure. Here are some key use cases:

• Decentralized Finance (DeFi) Platforms: Scroll powers DeFi platforms to enable fast, secure, and scalable transactions for lending, borrowing, and decentralized exchanges.
• Gaming: Scroll provides a scalable and efficient environment for gaming applications, reducing transaction costs and increasing speed.
• NFT Platforms: Scroll enables the creation and trading of NFTs with lower transaction fees and faster processing times.
• Business Supply Chain Management: Scroll facilitates transparent and efficient supply chain transactions by utilizing batch processing for verifying and recording transactions off-chain.
• Tokenization of Assets: Scroll enables the tokenization of real-world assets on Ethereum, ensuring that the process is scalable and secure for a wide range of asset types.
• Cross-Border Payments: Scroll streamlines cross-border payments for businesses by leveraging its decentralized scaling solution, reducing transaction costs and increasing speed.
• Decentralized Identity Management: Scroll provides secure and scalable decentralized identity solutions for businesses, ensuring privacy and authenticity in user identity verification processes.

For more information, visit https://scroll.io/.

Benefits of Scroll

• Scalability: Scroll significantly increases the transaction throughput of the Ethereum network by processing transactions off-chain and submitting a single proof to the mainnet. This allows for a higher volume of transactions, supporting the growing demand for decentralized applications (dApps) and DeFi protocols.
• Cost Efficiency: Scroll reduces the cost of transactions by aggregating multiple transactions into a single proof, minimizing the gas fees required for each transaction. This makes Ethereum more accessible to a broader range of users and developers.
• Security: Scroll maintains a high level of security through its use of zero-knowledge proofs (zk-proofs), ensuring that all transactions are valid and adhere to the rules of the Ethereum network. The decentralized nature of Scroll’s architecture enhances its security and resilience against attacks.
• Compatibility: Scroll is designed to seamlessly integrate with existing Ethereum applications and protocols, allowing users to easily adopt its scaling solution without disrupting their current operations.

Challenges and Limitations of Scroll

• Complexity: The use of zero-knowledge proofs and rollup technology can be complex and may require additional technical expertise for developers to fully utilize.
• Adoption: As a relatively new scaling solution, Scroll may face challenges in achieving widespread adoption and integration with existing Ethereum projects.
• Decentralization: While Scroll aims to preserve the decentralized nature of blockchain technology, its architecture and governance structure may evolve over time, potentially affecting its decentralization.
• Future Development: Scroll is still in the process of decentralizing each component of its stack, which means ongoing development and updates are necessary to achieve its full potential.

Additional Information

For more details on Scroll and its technology, visit the official website at https://scroll.io/.

Founders of Scroll

The founders of Scroll include Ye Zhang and Sandy Peng. They are part of a team of developers who focused on enhancing the scalability and security of Ethereum through the use of Zero-Knowledge Rollup technology.

Investors in Scroll

Scroll is backed by several prominent investors, including:

• Polychain Capital: A leading venture capital firm focused on blockchain and cryptocurrency investments.
• Bain Capital Crypto: A division of Bain Capital that invests in crypto and blockchain projects.
• Robot Ventures: A venture capital firm that invests in early-stage blockchain and cryptocurrency startups.
• Geometry: A blockchain-focused investment firm.
• Ying Tong: An angel investor and member of the Ethereum Foundation.
• Carlos Aria: An angel investor.
• Sequoia China: A leading venture capital firm with a focus on technology and innovation.
• Moore Capital Management: A global investment management firm.
• Variant Fund: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Newman Capital: A venture capital firm that invests in early-stage startups.
• IOSG Ventures: A venture capital firm that focuses on blockchain and cryptocurrency investments.
• Qiming Venture Partners: A leading venture capital firm that invests in technology and innovation.

These investors have contributed to Scroll's total funding of $80 million, valuing the company at $1.8 billion.

Halal Status of Scroll

• Is Scroll Halal?: Yes
• Reason: Scroll operates on a decentralized network using blockchain technology, which aligns with Islamic finance principles that emphasize transparency and anti-interest transactions. It does not inherently involve speculative elements that are prohibited under Sharia law. However, it is essential to note that the halal status can depend on how it is used and the intentions behind its use. For instance, if used for speculative trading, it might not comply with Islamic principles. But when used for legitimate transactions and utility, it can be considered halal.

Key Points to Consider

• Decentralization: Scroll is a Layer 2 scaling solution that enhances Ethereum's performance without relying on centralized financial institutions.
• Blockchain Technology: It uses ZK-Rollups and zkEVM, which are transparent and secure, aligning with Islamic finance principles.
• Utility: Scroll aims to improve scalability and efficiency for DeFi, gaming, and NFT platforms, which can be seen as providing actual utility rather than speculative trading.
• Sharia Compliance: The use and architecture of Scroll are crucial in determining its halal status. As long as it is used for legitimate purposes and not for speculative trading, it can be considered compliant with Sharia law.

Additional Information

• Islamic Finance Principles: Islamic scholars emphasize that cryptocurrencies can be halal if they are based on a profit-and-loss sharing system rather than interest-based lending and if they provide actual utility.
• Certification: While Scroll does not have a specific Sharia certification, its underlying technology and purpose align with Islamic finance principles.
• Usage: The halal status of Scroll can depend on how it is used by individuals. It is essential to use it for legitimate transactions and utility rather than speculative trading.