Loopring
A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.
DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.
Ongoing projects led by Loopring:
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Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
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Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
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Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.
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Don’t want to hate on Byron but I feel like he couldn’t exactly expand and fully answer Dave’s higher level questions about Loopring. I wanted to hear more technical answers on zero proof because I feel like more people need to understand how that exactly works. He more or less regurgitated what he’s previously said on X and things on a basic level.
I'm not 100% sure how zero proofs work.. but isn't it basically the fact that Loopring has always been right about who has what coins, and so Ethereum trusts Loopring to tell the accurate position?
I just found out that Loopring doesn't actually have a wikipedia page, which is kind of poor. I think we should crate one which explains exactly how this thing works by pulling together all of the information available online.