Scroll

Ethereum

ZKsync

Arbitrum

Starknet

Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network described as a “first step toward decentralization.”&nbsp;
On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, <a data-ct-non-breakable="null" href="https://scroll.io/blog/scr-token" rel="null" target="null" text="null" title="null">according</a> to an Oct. 8 blog post.
Scroll said: “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”
The token’s total supply is 1 billion SCR, with 15% pegged for airdrops, 35% for ecosystem growth, and 17% for investors. The rest will go to the Scroll Foundation (10%) and contributors (23%). 
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/risc-zero-aims-bring-blockchain-security-off-chain-app" rel="" target="_self" text="null" title="https://cointelegraph.com/news/risc-zero-aims-bring-blockchain-security-off-chain-app">Risc Zero aims to bring blockchain security to ‘any’ offchain app</a>
Scroll is a zero-knowledge (ZK) rollup competing against L2s such as ZKsync Era and Starknet.&nbsp;
ZK-rollups are expected to eventually supplant optimistic rollups — such as Arbitrum and Base — as Ethereum’s dominant scaling solutions.&nbsp;
Compared to optimistic rollups, which often take upward of seven days to finalize transactions, ZK-rollups usually settle within minutes.&nbsp;
They face competition from L2s using alternative approaches, such as <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/movement-labs-targets-1-second-layer-2-finality-by-end-2024" rel="null" target="null" text="null" title="null">Movement Labs’ postconfirmations.&nbsp;</a>
Scroll’s developers operate the network’s core infrastructure — including its prover and sequencer — but they outlined a detailed <a data-ct-non-breakable="null" href="https://scroll.io/blog/scaling-security" rel="null" target="null" text="null" title="null">roadmap</a> to decentralization in January.
“SCR enables us to decentralize Scroll’s governance, provers, and sequencer in our development roadmap,” Scroll said.
In a ZK-rollup, a prover attests to the correctness of transactions, and a sequencer orders transactions before posting them to the mainnet.Scroll said, 
“SCR will be involved in aligning the miner community and creating a robust prover network,“.&nbsp;
Since launching in 2023, Scroll has rapidly bootstrapped total value locked (TVL), which stood at $1.2 billion as of Oct. 8, <a data-ct-non-breakable="null" href="https://l2beat.com/scaling/projects/scroll" rel="null" target="null" text="null" title="null">according</a> to L2Beat.
By comparison, ZKsync Era and Starknet command about $850 million and $625 million in TVL, respectively.
According to the blog post, Scroll plans to distribute 7% of SCR’s total supply of 1 billion tokens in the upcoming Oct. 22 airdrop. 
The airdrop aims “to reward onchain users who have been actively engaging with the Scroll ecosystem,” Scroll said.
Magazine:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/algorithm-choice-can-fix-social-media-but-only-on-decentralized-platforms/" rel="null" target="null" text="null" title="null">Jack Dorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?</a>

Ethereum layer 2 Scroll tips native token launch

Cointelegraph

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