Summary
SafePal has integrated Scroll, a zk-EVM Layer 2 network on Ethereum, into its wallet suite, allowing users to store, send, and receive Scroll’s native assets. This integration is available across SafePal’s hardware wallet, mobile app, and soon, its browser extension. Scroll uses advanced zero-knowledge proofs to secure transactions on Ethereum, enhancing the network’s security, decentralization, and scalability.
SafePal Officially Supports Scroll
Dear SafePal Community,
We are excited to announce the integration of Scroll, a modular zk-EVM Layer 2 network, across the SafePal wallet suite. Native Scroll assets will be supported throughout SafePal’s comprehensive hardware wallet, mobile app, and browser extension solutions.
With the latest SafePal wallet app V4.7.8. update, users can now store, send, and receive the native Scroll assets through either the SafePal mobile app here, hardware wallet here, with support from the browser extension to follow.
About Scroll
Leveraging cutting-edge research in zero knowledge (”zk”) proofs , Scroll is building a Layer 2 rollup network on Ethereum. The team, in open-source collaboration with others in the Ethereum community, has created a “zkEVM” that allows for all activity on the network, which behaves just like Ethereum, to be secured by smart contracts on Ethereum. The network publishes all of the transactions to Ethereum, and the zkEVM creates and publishes cryptographic “proofs” that the Scroll network is following the rules of Ethereum.
Ultimately, Ethereum smart contracts verify that every transaction on Scroll is valid for these proofs, lending the network incredible security, decentralization, and censorship resistance. This level of security and scalability for Ethereum is only possible with recent breakthroughs in zero knowledge cryptography, blockchain protocol design, and hardware acceleration.
Link: The post “SafePal Officially Supports Scroll” first appeared on SafePal.
- Zero-Knowledge Proofs (zk): Scroll leverages zk-proofs to ensure that transactions are secure and valid without revealing any details, which is key to enhancing Ethereum’s scalability and security.
- zk-EVM Technology: Scroll’s zk-EVM technology mimics Ethereum’s environment, ensuring that all transactions are compatible with Ethereum smart contracts, providing robust security through cryptographic proofs.
- Layer 2 Rollups: Scroll operates as a Layer 2 rollup, which aggregates multiple transactions off-chain before publishing them on Ethereum, aiming to reduce fees and increase transaction speed.
- Impact on SafePal Users: By integrating Scroll, SafePal offers users enhanced security and scalability features, but this raises questions about the complexity and potential learning curve for everyday users.
