Korea is a sleeping giant in the AI race:
-> Local AI Models
-> Local Hardware
-> Good relationship with Taiwan
-> Incredible smart people and talented
Full Stack AI Economy
Fucking hell we've been cooking....i know Scroll's been quiet but we're coming out of hibernation.
I hate writing copy...but last part, last part till we launching...
🥷
Today we'd like to announce an important proposal regarding Scroll's protocol and governance operations.
We're proposing to dissolve the Security Council and transition protocol admin control to a Scroll Admin multisig. We expect the transition to take place over the next ten days.
The council's cost relative to its actual usage over the past quarters no longer justified continuation. These resources are better directed toward building products and driving growth.
We've carefully weighed the security considerations that come with this change and are confident this is the most responsible allocation of resources at this stage. Security councils play an important role in the maturity of any protocol and that's why we will be working with key stakeholders to identify a new security council structure better adapted to current market conditions.
Our infrastructure is mature, thoroughly audited, and actively maintained by the engineering team that built it.
Scroll will continue operating under the highest security standards to safeguard users.
Scroll (SCR), the first project to be traded pre-market on Binance, currently has a market capitalization of only $8.16 million, having fallen 83% in the past year. Scroll previously raised $50 million in 2023 at a valuation of $1.8 billion.
Scroll has received praise from Vitalik and EF multiple times and is considered a benchmark for Ethereum's zkEVM.