Introduction
Scroll, an Ethereum-based zero-knowledge (ZK) rollup, has launched its Euclid upgrade—dubbed its most transformative protocol update to date. This transition elevates Scroll from a "stage 0" to a "stage 1" rollup, advancing decentralization by retiring centrally controlled safety features.
Key Features of the Euclid Upgrade
Enhanced Decentralization:
- Moves Scroll closer to Ethereum’s security model by reducing reliance on centralized components.
- Sequencer updates prevent unilateral transaction censorship by the Scroll team.
Performance Improvements:
- Boosts network speed and application compatibility.
- Reduces data storage costs through optimized compression techniques.
User Experience:
- Implements account abstraction for smoother wallet interactions (e.g., automated smart contract features).
Current Challenges
- Plummeting TVL: Scroll’s total value locked (TVL) hit a record low of $62.6 million**, down 94% from its peak of **$900 million (per DefiLlama).
- User Activity Decline: Post-SCROLL token airdrop snapshot (Oct. 18, 2024), engagement dropped sharply.
What Makes Euclid Significant?
Vitalik Buterin’s 2022 rollup maturity framework categorized networks by decentralization levels:
- Stage 0: Training wheels (centralized elements).
- Stage 1: Minimally decentralized (e.g., Arbitrum, Optimism).
- Stage 2: Fully decentralized.
Scroll now joins Unichain, Ink, and Kinto as a stage 1 rollup, claiming to be the first ZK rollup at this phase.
FAQs
Why did Scroll’s TVL drop?
The decline followed the SCROLL token airdrop eligibility snapshot, as users withdrew funds post-claim.
How does account abstraction improve wallets?
It allows smart contracts to automate actions (e.g., gas fee payments), simplifying user workflows.
What’s next for Scroll?
Further decentralization efforts and stage 2 ambitions to align with Ethereum’s security standards.
👉 Explore how ZK rollups revolutionize Ethereum scaling
Conclusion
While the Euclid upgrade marks technical progress, Scroll faces challenges in rebuilding TVL and user trust. Its commitment to ZK innovation positions it as a key player in Ethereum’s scaling ecosystem.
👉 Learn more about decentralized rollup technologies
### Keywords:
- Zero-knowledge rollup
- Scroll Ethereum layer-2
- Euclid upgrade
- Decentralized sequencer
- TVL drop
- Vitalik Buterin rollup stages
- Account abstraction