OKX Ventures, the investment forum of the trading firm OKX, has started a collaboration with Scroll which is a zkEVM-based zkRollup. While disclosing the partnership in a Medium post, the platform mentioned that Scroll offers local compatibility for the present Ethereum-based tools and applications. The firm disclosed that Scroll recently released a permissionless Goerli Testnet in the previous week.
OKX Ventures and Scroll Partner up
The platform revealed that it gives considerable attention to Ethereum’s scalability. In addition to this, off-chain solutions get implemented other than the L1 Mainnet. It added that the latest Layer 2 solution needs no modifications to the present protocol of Ethereum. Scroll operates computation off-chain along with a validity proof’s submission to the chain with the EVM circuit’s implementation.
Its architecture plays a significant role in enabling it to be utilized for token transactions as well as specialized applications. However, it is limited in terms of capability. In this way, some additional time will be needed by it for the implementation of the smart contracts. In this way, the Scroll community is determined to operate on zkEVM and enhance the EVM efficiency with the assistance of zero-knowledge proofs.
Scroll Alpha Gets Accessible for Everyone
Following the Pre-Alpha as well as the Alpha testing phases, the already operating smart contracts and decentralized applications (dApps) on Ethereum will witness a change. They will be required to get migrated to Scroll, providing more convenience. OKX Ventures revealed that up to 180,000 exclusive wallet addresses and up to 665,000 transfers have been accomplished on Scroll Alpha which is the conclusive major stage in advance of the MainNet.
The platform moved on to say that it pursues witnessing the Mainnet release in the coming four months. In the meantime, it expects that some concreted measures would be taken by the community and developer team of Scroll. The investment platform OKX Ventures focuses on delving into promising blockchain projects around the world, providing the most innovative blockchain development.
The company promotes vigorous advancement in the worldwide blockchain market as well as investments in structural value for the long term. The platform is additionally determined to assist entrepreneurs who are contributors to the blockchain industry. They contribute to the efforts made by the blockchain sector in developing top forums as well as bringing worldwide historical knowledge and resources to blockchain-based projects.