Loopring is now listed & trading on Polarity.Exchange
Loopring is a layer 2 exchange solution on Ethereum with a well-developed roadmap and development cycle. The project, like many others, helps provide low fee trading, swapping, and liquidity on Ethereum. The team members are public and the project has been around since 2017. We are pleased to announce that Loopring is now supported on Polarity.Exchange
For any questions or support regarding your Polarity.Exchange wallet and this token listing please contact our team in Telegram: https://t.me/polarityexchange
Loopring
Quoted from:
“https://loopring.org/#/about”
LOOPRING’S VISION
Loopring builds protocols, infrastructure, and user-facing products for the future of finance. We believe this future is built on Ethereum, and specifically on layer 2 (zkRollups).
Users of decentralized finance (DeFi) need not choose between security and performance. Loopring’s L2 provides a low-fee, high-speed platform for trading, swapping, liquidity providing, and payments — without sacrificing Ethereum security at all.
We envision a digital economy where users are empowered and always in control of their assets. Loopring has succeeded in proving that non-custodial technology can replicate custodial alternatives in speed, cost, and experience. We have made DEXes as performant as CEXes, and will outcompete incumbent fintech.
Loopring’s objective is to design and engineer the best-in-class zkRollup exchange and payment protocol on Ethereum, and to operate products that bring it to users across the world.
LOOPRING PROTOCOL IS COMPLETELY SECURE
The security and sovereignty of user assets is Loopring’s top priority. We deployed the first zkRollup protocol on Ethereum — the most secure scaling mechanism the industry knows of, whereby users can access their assets in all circumstances. On Loopring protocol, exchange and payment applications simply cannot be evil. No person, company, nor state can come between a user and their Ethereum-based assets.
Loopring inherits 100% Ethereum-level security guarantees. Loopring protocol does not rely on any external validators, consensus, or cryptoeconomic assumptions. Only Ethereum and Zero Knowledge cryptography. All actions are correct by construction, or simply cannot happen: exchange operators are constrained to purely protocol-described behaviour.
LOOPRING PROTOCOL IS A BUSINESS’S BEST-FRIEND
Control is a liability. For centralized crypto exchanges, the stress and fear of being hacked is immenese. So is the regulatory burden. Loopring protocol ensures that an exchange or payment application simply cannot access or lose user assets. And without control over user assets, exchanges may also shed some regulatory burden. Using an open-sourced, audited, cryptographically sound Ethereum protocol means less time & money spent on security & compliance, and more on growing your business.
If you don’t use the Loopring protocol to power your exchange, you can still use it for its payment functionality — as a fast, gas-free lane for users to deposit and withdraw Ethereum-based assets. Augment the experience for users, while dramatically reducing your network (gas) costs. No extra tooling required.
LOOPRING PROTOCOL IS REMARKABLY PERFORMANT
Loopring solves scalability without compromising Ethereum security. Our zkRollup throughput reaches approximately 1000x of Ethereum, or as high as 2,025 trades per second. The cost per transaction is reduced to as little as 1/100th the cost of Ethereum, with trades and transfers costing fractions of a cent. With Loopring, we expect non-custodial exchanges and payment apps to continue outcompeting and displacing centralized ones.
Ethereum has become so popular and heavily used, that it exists in a near-permanent state of congestion, where users face absurdly high fees and long delays. Layer 2 presents a less congested fast lane, where users transact gas-free and without delay, yet completely coupled to Ethereum security. From a user’s POV, it just works, with blockchain UX problems abstracted. Loopring’s performance is sufficient for algorithmic traders and market makers to deploy legacy-style, HFT strategies on DEXes for the first time.
Twitter: https://twitter.com/loopringorg
Loopring Protocol Documentation
Polarity.Exchange
Polarity.Exchange functions as a multi-layer 2FA decentralized wallet and cryptocurrency exchange. By leveraging the smart contract capabilities of its native blockchain Turtle Network, verified users are capable of securing their wallets using on-chain two-factor authentication. Our CEO & lead engineer Tony Nguyen has posted a blog post and white paper on its functionality within our ecosystem. Added to this layer of wallet security is a decentralized cryptocurrency exchange with on-chain transaction settlement supported by a matcher that can handle hundreds of transactions a second.
Features
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