Scroll Launches Euclid Upgrade to Achieve Stage 1 Decentralization
Scroll, the Ethereum layer-2 network, has launched its Euclid upgrade, marking a significant transformation in its protocol. This upgrade shifts Scroll from a "stage 0" to a "stage 1" rollup, enhancing decentralization by retiring some centrally-controlled safety features.
Key highlights of the Euclid upgrade include:
- Improved network performance and application compatibility
- Reduced data storage costs
- User-friendly wallets through account abstraction, enabling automated features via smart contracts
Scroll operates as a zero-knowledge rollup, processing transactions more efficiently than the Ethereum base network. Despite the upgrade, user activity on Scroll has declined, with total value locked (TVL) falling to $62.6 million, down 94% from its peak of over $900 million.
The TVL decline began on October 18, 2024, coinciding with the SCROLL token airdrop eligibility snapshot. The transition to a "stage 1" rollup aligns with a framework proposed by Ethereum co-founder Vitalik Buterin, emphasizing decentralization standards for rollups.
The Euclid upgrade enhances Scroll's sequencer, ensuring the team cannot block or censor transactions, a risk under previous configurations. Scroll claims to be the first zero-knowledge rollup to achieve stage 1 status.