Loopring Bi-Weekly Update — 08/18/2019
|Matthew Finestone||Aug 21, 2019|
Loopring v3 beta3 has been deployed on Ethereum mainnet. We have made another 15% TPS improvements from the last update and we expect the throughput without data availability to break 10,000 TPS after Istanbul fork. The v3 smart contract & ZKP circuit audits have begun by SECBIT team.
Research & Development
We have enabled Automatic Protocol Upgradability — meaning that DEX owners can upgrade the Protocol to the latest version without affecting existing users and their data. This feature also makes it easier to fix potential bugs.
v3.0 latest throughput
We have completed ZKP-based internal transfer and tested related features in the circuit. This will reduce the cost of transferring on Ethereum.
We are exploring running ZKP on GPU, which focuses on optimizing functions in ethsnark and biff libraries.
We have improved unit tests of ZKP circuits including tests for all modules in the circuit and all Gadgets.
We have completed core functionalities such as deposit, trading, and withdrawal in an internal testing environment. At the same time, we have implemented unifying data, database read-write separation throughout the optimization. We have finalized software architecture of REST API and WebSocket API. For the development workflow, we have started implementing continuous integration and continuous deployment.
We have completed all the features for the first version of the DEX product. In the past two weeks, we have integrated MetaMask and refactored UI of account creation, deposit, withdrawal, and approval. We have set up a mock API server to support frontend development and testing.
Operations & Marketing
08/12/2019 — Loopring BD Director, Matthew Finestone, did a podcastwith Let’s Talk ETC to share his perspectives on blockchain financial products and services.
08/13/2019 — Matthew and Loopring Community Supporter Scott Wight attended Canada’s Largest Blockchain Conference, Blockchain Futurist Conference.
Loopring@Blockchain Futurist Conference
08/15/2019 — Loopring team now has officially become a #WBTCmerchant. This will enable users to change WBTC with BTC on Loopring’s platform.
08/16/2019 — Loopring team attended ConsenSys Grant's hackathon in Toronto.
@ConsenSys Grant’s hackathon
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