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Particle Network Announces Support for ZKEVM Layer 2 Scaling Solution ‘Scroll’ to Build User-Friendly DeFi Ecosystem

source-logo  blockchainreporter.net 15 May 2023 19:50, UTC

In a recent move to make the DeFi space more accessible and smoother, Particle Network has 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 thrilled to declare its backing for Scroll, an advanced ZKEVM Layer 2 scaling solution for Ethereum. This partnership seeks to combine the powerful middleware services of Particle Network with enhanced scalability, diminished gas charges, and accelerated transaction speeds of Scroll. This union is set to 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 provide transaction experiences that are quicker and cheaper than those encountered on the primary Ethereum blockchain (Layer 1). Scroll differentiates itself from other ZK Rollup solutions, such as Polygon zkEVM, StarkNet, and zkSync Era, by offering an implementation that aligns more closely with native Ethereum and presents a more developer-friendly environment for EVM developers. By transferring the bulk of operations away from Layer 1, yet still retaining its security and finality, Scroll significantly cuts down on gas expenses and ensures quicker transaction speeds. The key advantages of Scroll encompass:

  • Diminished gas charges: Considerably lower than the costs associated with Layer 1, providing a cost-effective alternative.
  • Enhanced transaction speed: Immediate pre-confirmation on Layer 2 and quick finality on the base layer.
  • Strong security: Supported by the main Ethereum blockchain.
  • EVM-equivalence: Offers a smooth migration path for existing dApps and developer tooling in comparison to other ZK Rollup solutions.
  • Decentralization: Promotes decentralization across all layers of the community.

How Will Particle Network Utilize Scroll?

Through the fusion of Particle Network’s middleware services and Scroll, developers are presented with an exciting new world of opportunities. This collaboration ushers in 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. This service, fueled by MPC-TSS and Account Abstraction, revolutionizes user login processes, making them more user-friendly and secure.

Moreover, the integration works to bridge the divide between Web2 and Web3, providing a smoother transition for developers and users. With the availability of SDKs across various platforms, including Web, iOS, Android, Unity, and Unreal, the leap between traditional web services and blockchain technology becomes less daunting and more accessible.

Finally, developers can bolster the security and reliability of their decentralized applications (dApps). Particle Network’s middleware services, encompassing Node API, IPFS, NFT, data analysis, and beyond, provide a robust foundation for creating secure, reliable, and feature-rich dApps.

Scroll recently launched its Ethereum Layer 2 solution’s testnet version on the Goerli testnet, marking a significant milestone on the path towards its mainnet launch, scheduled for late 2023. The current deployment on the Goerli testnet signifies the shift in Scroll’s zkEVM development stages from the pre-alpha to the alpha testing phase.

Goerli, being a public testnet, offers a platform for developers to engage with open-source code actively. This crucial phase aids project developers in identifying and rectifying potential pitfalls and bugs prior to the mainnet launch.

To facilitate the transaction of digital assets between the Goerli testnet and Scroll, a bridge has been thoughtfully crafted and implemented.

The endorsement of Scroll by Particle Network underscores their unwavering dedication to nurturing creativity within the decentralized sector and extending steadfast support to Web3 developers. By providing superior middleware services to developers working on Scroll, Particle Network takes a strategic role in crafting the future of Ethereum-centric applications, focusing on enhancing scalability, fortifying security, and elevating the overall user experience.