Only 10 days for one of the most important release of the Ethereum ecosystem. 2.5 years of incredible work by Loopring engineers...
Loopring.io, the first DEX using ZK-ROLLUP on ETHEREUM (2500 transactions/second VISA-Scale, ~$0.001to settle) set to be launched the 1st of March.
Loopring 3.0 can settle up to 2,025 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA. With Loopring 3.0, non-custodial exchanges can match the performance of custodial competitors.
The average settlement cost for each trade is now as low as $0.005 USD, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms. DEXes can further lower the settlement cost to about $0.0025 USD by using cheaper servers in the cloud and GPU-based algorithms.
All LRC holders can stake LRC to earn part of the protocol fees paid by all exchanges built on top of Loopring.
ONLY 10 DAYS GUYS!!
https://i.imgur.com/5Kk6Ifb.pngLoopring.io - Loopring.org
