SCR Price Surge 10% As Scroll Enhances Speed and Security With Cysic

Scroll, a notable Ethereum layer 2 solution, has seen a significant rise in its SCR token price by 10% following the announcement of its collaboration with Cysic Network. This partnership aims to integrate Cysic’s advanced zero-knowledge (ZK) computing power to enhance the speed and security of transactions on the Ethereum blockchain. 

Zero-knowledge (ZK) proofs are cryptographic techniques that validate transactions without exposing any underlying data. Thanks to Cysic’s GPU servers, the time required for these computations will be dramatically reduced from hours to minutes.

SCR Price Climbs 10% as Scroll Enhances Blockchain Speed

Following the recent integration of Cysic Network’s zero-knowledge computing capabilities, Scroll reported a notable increase in the price of its native token, SCR. The surge in price reflects the market’s positive reception to Scroll’s efforts to boost transaction processing efficiency and security within its network. 

Additionally, this partnership means that users can expect faster and more secure transactions, contributing to the scalability of the Ethereum network.

The technology behind the improvement involves Cysic’s innovative ZK proof generation, which has transformed the computational requirements. This advancement addresses one of the fundamental challenges in blockchain technology, speed, without compromising security.

Expressing excitement, Sandy Peng, co-founder of Scroll, said,

“This integration brings us closer to achieving Scroll’s mission of offering developers the best infrastructure to provide our users with a fast and secure onchain experience.” 

Cysic’s Hardware Developments Set for 2025

In addition, Cysic Network is set to release two pivotal hardware products, ZK Air and ZK Pro, by 2025. These products are designed to significantly enhance the efficiency of ZK proof generation. ZK Air offers a portable solution that enables the deployment of Cysic’s technology in various operational environments. At the same time, ZK Pro mimics traditional mining rigs tailored for large-scale and intensive ZK proof computing.

These developments by Cysic will further boost the capabilities of the Scroll platform, facilitating quicker transaction validations and improving overall throughput. Addressing these technical aspects ensures that Scroll remains robust and responsive, even as transaction volumes increase. 

Leo Fan, the co-founder of Cysic, added positive commentary, stating,

“By reducing ZK proof generation from hours to minutes with our GPU servers, we’re laying the groundwork for blockchain innovation. As the demand for faster, more efficient transactions grows, having adaptable and high-performance infrastructure becomes essential.”

Amidst technological upgrades, Scroll has also been proactive in managing community relations and partnerships, such as the association with Binance. Due to the criticism from its community for the perceived “kneeling” to centralized exchanges (CEX), Scroll has come forward to defend its partnership with Binance as a strategic move essential for its growth and fair token distribution

At press time, Scroll (SCR) price is $1.29, marking a 10.07% increase over the past day. The market capitalization has grown to $245.34 million, and the trading volume has surged by 110.48% to $7.81 million. Currently, there are 190 million SCR in circulation out of a total and maximum supply of 1 billion SCR.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.