The price of Scroll’s SCR token surged by 10% following its recent alliance with Cysic Network. This collaboration focuses on improving transaction efficiency and security on the Ethereum blockchain by incorporating Cysic’s cutting-edge zero-knowledge (ZK) computing technology.
What Factors Contributed to Scroll’s Price Increase?
The integration of Cysic’s GPU servers has dramatically reduced the computational time for ZK proofs, cutting it from hours down to mere minutes. This advancement is set to bolster transaction speed and security on the Scroll network significantly.
What are Cysic’s Upcoming Innovations?
Cysic Network is on track to unveil two significant hardware products, ZK Air and ZK Pro, by 2025. These innovations are expected to further enhance the efficiency of generating ZK proofs.
The partnership has garnered favorable market reactions, evident from the rise in Scroll’s native token price. Key takeaways include:
- SCR token price reached $1.29, reflecting a 10.07% daily increase.
- Market capitalization soared to $245.34 million.
- Trading volume jumped significantly to $7.81 million, an increase of 110.48%.
Scroll continues to defend its collaboration with Binance, stating it is a strategic move for growth despite community concerns over centralized exchanges. This partnership emphasizes Scroll’s commitment to community engagement and equitable token distribution.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/scroll-partners-with-cysic-to-boost-scr-token