Layer 2 Network Scrolls ‘Biggest Leap Forward’ comes in the middle of the tvl piece to record low

Scroll, Ethereum Layer-2 network, shared on Wednesday that it has launched its Euclid upgrade, which the team called its most significant protocol transformation to date.

According to Scroll Labs, an important consequence of the upgrade is that it surpasses rolling from a “phase 0” to a “phase 1” embrace, which means the network will draw some centrally controlled security functions in an attempt to become more decentralized.

“Euclid represents the biggest leap forward for rolling since the start,” the team wrote in a blog post that was shared with Coindesk. “It is a statement of Scroll’s future and its obligation to push the boundaries of what is possible in the ZK Rollup Arena.”

The Euclid upgrade includes a number of features designed to improve network performance, increase compatibility for certain applications and reduce data storage costs. In addition, the upgrade makes wallets more user -friendly through Account abstractionwhich allows developers to automate certain features through smart contracts.

Scroll is a zero-knowledge rollup-a blockchain scaling solution that uses zero-knowledge technology to process transactions cheaper and more efficiently than on the basic network, Ethereum.

The new upgrade is coming as Roller has seen its user activity fall to the lowest time. Currently, $ 62.6 million is locked with the protocol, dropped 94% from the height of the network of over $ 900 million, according to Defillama data.

Scrolls Tvl sank the precipitate began on October 18, 2024, which is when a snapshot was taken to determine the eligibility of the roll -token -airdrop.

Scroll’s claim that the Eulicide upgrade has been transferred to a “phase 1” surplus follows from a blog post from 2022 by Ethereum-Med Founder Vitalik Butterin, which suggested the categorization of Rollups according to their degree of decentralization. Butterin introduced its frameworks in the early days of Rollups, as virtually every “LAG-2” network used so-called training wheel functions that sacrificed decentralization for efficiency, security and other benefits.

Without clear standards for communication of the stage of a merger, butterin was concerned that they risked misleading users in terms of their level of security and he indicated on x That he would only mention LAG-2 networks in public that had reached phase 1 or more.

At that time, only arbitration and optimism were at that time. Since then, Unichain, ink and Kinto are joined to them, According to L2Beat.

The Euclid upgrade helps decentralization of scrolls sequencer, the system that processes and order transactions before being sent to Ethereum. According to Scroll’s blog posts, the new features ensure that the scroll team does not unilaterally block or censor transactions, which was theoretically possible during the older configuration.

Scroll claims it is the first rolling zero-knowledge to reach phase 1 phase.

R.EAD MORE: Scrolls SCR -Token debuts to $ 212m market capital in fleeting trade

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