Scroll is set to introduce its native token, SCR, marking a significant move towards decentralization on the Ethereum layer-2 network. Scheduled for Oct. 22, SCR will be listed on Binance and distributed to existing users through an airdrop. The token, with a total supply of 1 billion SCR, will serve as a governance tool for the protocol, transitioning into a utility token as Scroll decentralizes further. Scroll's zero-knowledge (ZK) rollup competes with L2 solutions like ZKsync Era and Starknet, offering faster transaction settlements compared to optimistic rollups. The team plans to decentralize governance, provers, and sequencers with the help of SCR. Despite being a relatively new player, Scroll has quickly amassed a TVL of $1.2 billion, surpassing competitors like ZKsync Era and Starknet. The upcoming airdrop on Oct. 22 aims to reward active users within the Scroll ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

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