LoopringEnglish · 2 years ago

Gasless eth platform??

LoopringEnglish · 2 years ago

Just heard about tokenum platform, wonder how can it be gasless, will it be a competitor to looping in layer2 or layer3 world?

https://finance.yahoo.com/news/tokenum-unveils-innovative-gasless-platform-155500497.html

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the77helios@alien.topB
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2 years ago
This has nothing to do with Loopring. There is no free lunch, someone always pays

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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.

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