We have people listening in 165 countries. Some will be working in the heart of the blockchain and crypto industry. However, some will have limited knowledge and others will be emerging from hibernation after the crypto winter and wondering what zero-knowledge proofs are. It’s time to get everyone up to speed and solve the adoption problem together.
Loopring Foundation is a blockchain research organization focused on decentralized trading protocols. The open-source Loopring Protocol provides a fundamental building block for non-custodial exchanges (DEXs) and other applications that incorporate trustless token trading. Loopring 3.0 leverages zero-knowledge proofs, allowing for significant throughput increases while maintaining the security guarantees of the Ethereum blockchain. It also offers an auction protocol called Oedax (Open-Ended Dutch Auction Exchange).
Essentially, Loopring enables people to build decentralized exchanges on top of their own wallet. It also allows people to trade in confidence, anonymously and safely in a decentralized way. TokenMarket, the blockchain-based global investment platform, recently announced a partnership with Loopring. The collaboration will accelerate security and transparency in the US$222 billion digital asset trading market.
The two companies will work together to launch Loopring Protocol 3.0 within TokenMarket’s upcoming decentralized securities exchanges, located in Europe and the Middle East. While current decentralized exchange speeds allow approximately two trades per second to be settled on the Ethereum blockchain, Loopring Protocol 3.0 allows up to 525/sec by using zero-knowledge proofs, dramatically increasing throughput and improving the speed and cost of TokenMarket’s decentralized exchanges.
I invited Matthew Finestone, the Director of Business Development at Loopring onto my tech podcast to learn more about the road ahead. We also discuss the future of decentralized exchanges, the lessons learned from the last bull run, as well as the emergence of zero-knowledge proofs in cryptocurrency.
- Connect with Matthew Finestone on LinkedIn
- Learn more about Loopring
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