Loopring

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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:

Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.

founded 11 months ago

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Spare device? (alien.top)

submitted 10 months ago by whippah_snappa@alien.top to c/loopring@blockchained.world

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When I switches phones and easily transferred my wallet to my new device, I realized the loopring app still works and updates actions on the old phone when connected to WiFi obviously. Is this a good back up plan to in case current device gets nuked in some way? Satchel.loopring.eth

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[–] phillipsatya@alien.top 1 points 10 months ago

It’s safe, and if you’re not sure you can easily decentralized the wallet..

[–] geman777@alien.top 1 points 10 months ago

Can't hurt. When ever i can't find my phone the first thing i think about is my loopring wallet; its nice to have the piece of mind that even with a phone lost in the couch you have a backup in your closet or whatever. Obviously if I ever really lost my phone though im confident i would be able to recovery but more options the better.

[–] the77helios@alien.top 1 points 10 months ago (1 children)

Dont answer DMs.. or even post your wallet.

But yes, both phones have the key encrypted in your phone. I have a similar situation and I put the old phone in my safe and turned it off

Similarly.. if someone finds that phone and accesses it, it could be a risk. So up to you

[–] Browneboys@alien.top 1 points 10 months ago

I also did this