Scroll Launches Mainnet

The Layer 2 landscape continues to captivate us with a series of major announcements.

Today marks an important moment in the crypto world as Scroll officially launches its long-awaited mainnet, introducing a ZK-based rollup solution that offers the Ethereum Virtual Machine (EVM) equivalence. Coinciding with this development, we’re thrilled to announce that Pheasant Network is introducing its bridge between this new ZK-rollup and the Ethereum mainnet, providing low-cost, fast, and secure bridge transactions in a decentralized, optimistic fashion. This recent launch represents the third ZK-rollup mainnet to join our platform, which comes on the heels of our integration with zkSync and Polygon zkEVM just last week.

For those eager to delve into Scroll’s burgeoning ecosystem—from participating in a DAO, earning interest via a DeFi protocol, acquiring an NFT collectible, or more—you can get onboarded with just a few clicks using Pheasant’s bridge. Just head to our app, connect your wallet, and follow the on-screen instructions. Your assets will be transferred to the new mainnet in mere minutes!

Scroll’s Rise in Ethereum Scaling

Scroll, founded just a couple of years ago, is a Layer 2 scaling solution that leverages cutting-edge zero-knowledge technology to enhance Ethereum’s throughput. The project has witnessed remarkable growth, particularly in 2022, successfully launching their testnet, securing $50 million in funding, and attracting a substantial number of dApps and developers.

While this release represents Scroll’s mainnet integration, Pheasant Network has been proudly supporting its testnet since May. Over the past four months, we’ve overseen more than 75,000 testnet bridge transactions, amounting to 3,300 ETH. What’s more, right before the launch of the mainnet, our bridge was actively involved in the mainnet release campaign held on the Sepolia testnet, processing tens of thousands of transactions valued at over 1,000 ETH in total.

From its inception, Scroll has been driven by a mission to create a ZK-based rollup with EVM-equivalence, ensuring full compatibility with Ethereum down to the bytecode level. Essentially, this means that anything that functions on Ethereum should seamlessly operate on Scroll. Achieving complete EVM-equivalent ZK-rollups was initially considered a conundrum when the project began, but they have successfully overcome this challenge. Scroll now offers trust-minimized, secure, and cost-effective transactions, powered by ZK proofs, to the general public, while also facilitating the migration of Ethereum apps to Scroll without modification.

Another noteworthy aspect of this promising project is its unwavering commitment to open-source, community-driven development, which aligns perfectly with Ethereum’s core philosophy. In a humble interview statement, the co-founders expressed that their ultimate objective is simply to “help Ethereum scale,” rather than winning the zkEVM race or being the first to develop it.

This alignment with Ethereum’s values is precisely what Pheasant Network aspires to achieve. After all, our ultimate goal is to contribute to Ethereum and L2 projects’ scaling, connectivity, and growth. We are pleased to be part of Scroll’s ecosystem, a project that shares our commitment to Ethereum’s values.

Wave of zkEVM Mainnet Release

As the Layer 2 scene witnesses a wave of zkEVM releases, Pheasant Network is also accelerating its efforts to build crucial bridges that connect upcoming networks. We have more exciting news in store. Make sure to follow us on X, Discord, and Mirror so you can stay updated on the latest developments. If you have any suggestions, requests, or questions, please don’t hesitate to voice them. Stay tuned!

About Optimistic Bridges

Optimistic bridges, inspired by the design of optimistic rollups, allow users to transfer tokens from one chain to another in an “optimistic” manner. Optimistic transfers mean that the protocol does not require Ethereum to verify all of the bridge transactions but checks only fraudulent-looking ones. This mechanism is similar to how optimistic rollups work, where the protocol approves all transactions executed on Layer 2 by default and triggers the verification process on the Layer 1 level only when something suspicious is found. This structure leads to a drastic cut in gas fees and a higher degree of decentralization, enhancing the scalability and interoperability of the Ethereum ecosystem.

About Pheasant Network

Pheasant Network is an optimistic bridge network inspired by the idea of optimistic rollups. We aim to bring the concept to bridge architecture to address Ethereum’s interoperability challenges as well as scalability issues. Our robust security system and cost-effective design enable cheaper and faster asset transfers between Ethereum and Layer 2 networks while ensuring security and decentralization. We believe that optimistic solutions are the answer to future bridge development.

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