Scroll was founded in 2021 with the vision of scaling Ethereum to a billion users. As a Layer 2 network, Scroll processes transactions off Ethereum on its own network and then ports the transaction data back to Ethereum — helping increase transaction speed and reduce costs.Scroll uses zk-rollup technology for its network, helping achieve scalability. Scroll's zkEVM, or zero-knowledge Ethereum virtual machine, batches transactions and then generates proof that these transactions are all legitimate. This proof is then broadcast to Ethereum, and the transactions get approved.

Scroll is one of several Ethereum scaling networks that use zk-rollups. Others include Polygon, StarkWare and Matter Labs. Peng said Scroll's three design principles or core values — community-driven, security first and decentralization at every level — are its competitive edge.With the fresh capital, Scroll plans to continue building its product, launch its mainnet and expand its ecosystem.&nbsp;

Scroll

Scroll is its own Layer 2 network built on Ethereum (more specifically, a “zero-knowledge rollup”).

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