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Scroll

Scroll is a general-purpose native zkEVM layer 2 rollup scaling solution for Ethereum. Its mission is to scale Ethereum through decentralization without sacrificing any of Ethereum’s inherent security features.

Key Features of Scroll

  • General-Purpose zkEVM: Scroll serves as a general-purpose native zkEVM layer 2 rollup scaling solution for Ethereum.
  • Decentralized Scaling: Aims to scale Ethereum through decentralization without compromising security.
  • Batch Transaction Processing: Scroll bundles many transactions into one batch for off-chain execution.
  • Proof Verification on Layer 1: The result of executed transactions is sent back to Layer 1 for verification by any node, ensuring integrity.

Use Cases

  • Decentralized Finance (DeFi) Platforms: Powering DeFi platforms with Scroll to enable fast, secure, and scalable transactions for lending, borrowing, and decentralized exchanges.
  • Business Supply Chain Management: Facilitating transparent and efficient supply chain transactions by utilizing Scroll's batch processing for verifying and recording transactions off-chain.
  • Tokenization of Assets: Enabling the tokenization of real-world assets on Ethereum through Scroll, ensuring that the process is scalable and secure for a wide range of asset types.
  • Cross-Border Payments: Streamlining cross-border payments for businesses by leveraging Scroll's decentralized scaling solution, reducing transaction costs and increasing speed.
  • Decentralized Identity Management: Providing secure and scalable decentralized identity solutions for businesses, ensuring privacy and authenticity in user identity verification processes.
Visit their official website to learn more:
https://scroll.io/
Accounting Features Supported for
Scroll
Cost Basis & Inventory Tracking
Soon
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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