Airdrop Spotlight: Scroll
Introducing Scroll
In the ever-evolving landscape of blockchain technology, scalability and privacy remain two crucial challenges. Ethereum, the pioneer for decentralised applications and smart contracts, ahs been actively seeking solutions to enhance its scalability without compromising security. This quest has led to the emergence of Layer 2 scaling solutions, among which Scroll shines as a promising contender.
What is Scroll?
Scroll Is an EVM Equivalent Layer 2 solution for Ethereum that leverages Zero-Knowledge (ZK) technology. This innovative approach allows Scroll to facilitate faster and more efficient transactions while upholding the robust security standards of the Ethereum blockchain.
Scroll is a Zero knowledge, EVM compatible Layer-2 rollup that aims to enhance the scalability of Ethereum without making sacrifices to security.
Key Value Propositions of Scroll:
- Hierarchical Zero-Knowledge Proof (ZKP) System
Scroll employs a hierarchical ZKP system, enabling efficient verification through succinct proofs. This architecture not only enhances scalability but also makes it easier for decentralised applications (dApps) to operate on Layer 2 solutions.
- Efficient Communication Channels
Scroll is committed to fostering an open and collaborative Layer 2 ecosystem. To achieve this, it has developed robust communication channels between dApps on Scroll and those on other Layer 2 networks. This encourages strategies partnerships among applications, potentially creating synergies that benefit users.
- L2 Mining
By introducing robust and permissionless L2 mining, Scroll incentives miners to generate zero-knowledge proofs *ZKPs) for users. This separation of transaction packing and mining processes mitigates issues like maximal extractable value (MEV), making Scroll more attractive to users due to network robustness and protection from negative MEVs.
Read more about Scroll here
Exploring zkEVM and it's impact
What is zkEVM?
zkEVM (zero-knowledge Ethereum Virtual Machine) is a type of zk rollup – a subset of Layer 2 scaling solutions. These networks aim to increase transaction throughput while reducing costs, addressing Ethereum’s high gas fees and scalability limitations.
Advantages of zk Rollups:
- Faster Transaction Finality:
- Compatibility with Ethereum Ecosystem
Potential Airdrop Opportunities with Scroll:
Given the recent market interest in airdrops and Scroll’s innovative approach, there’s anticipation around potential airdrops for interacting with dApps on Scroll’s testnet, Scroll Alpha. Similar initiatives such as the Arbitrum (ARB) airdrop, have garnered attention, showcasing the community’s enthusiasm for such events.
Airdrop Farming on Scroll
Step 1: Bridging to Scroll
We'll begin our journey by engaging with Scroll's new campaign, Scroll Sessions. To start Scroll Sessions, you will need to bridge $ETH or $wstETH via Scroll's native bridge hereAlternatively, you can bridge $STONE via @LayerZero_Labs: https://app.stakestone.io/u/bridge.
Whichever option you choose, you'll begin to earn Scroll Marks by holding your freshly bridged assets.
Step 2: Use other bridges
After utilizing Scroll's native bridge, we can begin to explore more cost affective options:
Step 3: Swaps
Now that we have some assets on Scroll, let's explore some Swap options:
Swaps should be consistent, you can do this once or multiple times per day. In general, protocols reward consistent & long-term users.
If that's too much effort for you, DropBeast Integrates Scroll, if you wish to automate your Scroll farming head here.
Step 4: Lending & Borrowing
That's enough swapping - Lets put some of those assets to work with Lending/Borrowing:
Step 5: Liquidity Pools
Looking for other ways to put your assets to work? Lets check out some Liquidity Providers:
Step 6: NFTs
Maybe DeFi isn't your thing - Let's explore some NFT options:
Step 7: Misc
We're almost done our journey through Scroll - Let's just take a peek at a last few misc options:
If you're still looking for more ways to improve your odds or just don't feel like doing all the above.Then you can always let DropBeast do the work for you
Conclusion:
Scroll’s adoption of ZK technology and its focus on scalability, security, and user experience position it as a significant player in Ethereum’s Layer 2 ecosystem. As the crypto landscape evolves, solutions like Scroll pave the way for a more inclusive and efficient blockchain infrastructure.
Disclaimer: This article does not constitute financial advice. Readers are encouraged to conduct their research and due diligence before engaging in any cryptocurrency-related activities.
Join the Conversation:
Have you explored Layer 2 scaling solutions like Scroll? Share your thoughts and experiences below!
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