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Sandy Peng - Scroll: Is for Everyone
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Sandy Peng - Scroll: Is for Everyone

Secret3 Secret3 October 16, 2024 2 min read
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Sandy Peng - Scroll: Is for Everyone
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1. Origin of the Name 'Scroll'

Sandy shared that the name "Scroll" stems from their core mission to scale the Ethereum blockchain beyond its EVM limitations. This name is symbolic of the company's commitment to enhancing the user experience. Sandy emphasized that the goal is to create a feeling for users similar to scrolling on a mobile device, making interactions seamless and intuitive without having to worry about complex technical details.

2. Importance of Fast Finality

According to Sandy, the speed of finality is crucial in capital flow, as it determines how quickly transactions are settled. He highlighted that Scroll has achieved the fastest finality in the industry, substantially outperforming competitors with a time difference that can range from eight minutes to eight hours. This capability is significant in a multi-chain future where users expect instant settlements across different platforms, emphasizing the need for seamless user experiences in decentralized finance.

3. Community and Developer Engagement

Sandy underscored the importance of community in Scroll's growth, indicating that they have conducted over 60 community engagement events worldwide. He mentioned that keeping close ties with developers and communities, especially in developing markets, has provided a rich pool of untapped talent. This approach not only builds relationships but also allows Scroll to adapt its offerings based on real-time user feedback and needs.

4. Data-Driven User Behavior Insights

Sandy noted that Scroll has been analyzing user behavior through its incentive programs, called "Scroll sessions." Despite mixed feedback in their community channels, he pointed to unequivocal growth in Total Value Locked (TVL) as evidence of success. This analysis demonstrates the importance of data-driven strategies in optimizing user engagement and attracting more projects to the platform.

5. Focus on Decentralization

Sandy stressed the critical nature of decentralization for blockchain applications. He articulated that decentralizing the system at every level—from governance to infrastructure—is essential to mitigate points of failure. The vision is to create a robust and resilient system that ensures greater sustainability and security for users and developers alike.

6. Commitment to Developing Markets

Sandy highlighted Scroll's commitment to developing markets, indicating that the team is comprised of core contributors from more than 30 countries. He discussed that this diverse background allows Scroll to better understand and cater to the needs of a broader audience, especially where blockchain technology can bring the most benefit. The focus is on directing global capital into areas that lack conventional financial opportunities.

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