Loopring Bi-Weekly Update — 07/07/2019
|Matthew Finestone||Jul 8, 2019|
Last week we released the second beta of Loopring 3.0 — beta2. This version has been repeatedly tested and is very stable. In the coming week, we will release a bug bounty for this.
Research & Development
Loopring Protocol v3
We finalized the 2nd beta of protocol v3 which will be used for internal testing. The beta2 release will also be the used for the upcoming bug bounty for protocol v3 —stay tuned this week! Many small improvements were done and the testing has been significantly improved.
This version brings Loopring’s throughput to 200 trades per second with on-chain data-availability and 660 trades without. This version also guarantees the same level of security as Ethereum main-net.
Lightcone Relayer v2
Chao Ma, former head of engineering at Alipay International, has graciously been leading Lightcone Relay architecture in the past two weeks. With his guidance, we have refactored almost all workflows, and the current architecture is much more robust and will provide better performance. Based on this update, we have designed APIs and begun development.
Operations & Marketing
06/25/2019—Decentralized financial lending platform, Constant,supported the borrowing of USD or VND (Vietnamese Dong) by collateralizing LRC.
06/26/2019 — We published Loopring 3.0 Overview: From A to zkSNARKs— a high level overview of protocol v3. It describes how we use zero-knowledge proofs to achieve a scalable and secure DEX.
07/03/2019 — Guo Xunhui (Steve Guo), a very experienced senior engineer and zero-knowledge expert, officially joined the Loopring Foundation as CTO. He will lead the technical team to design and develop DEX products, develop matching engines and relays, and optimize the zero-knowledge proof technology at the protocol level.
07/06/2019 —Loopring and several institutions and media outlets hosted a meetup on decentralized exchange and trading in Shenzhen.
07/07/2019 — Loopring and the Asian Blockchain Society, PiedPiper and others held a DeFi meetup in Hong Kong. Participants included PwC, Consensys, Set Protocol, GlobalSTOx and Loopnest.
⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ GitHub: https://github.com/Loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)