Loopring Exchange allows anyone to create high-throughput, non-custody, orderbook-based exchanges on Ethereum, using zero knowledge proofs.
Contents:
- Why Loopring Exchange?
- Economics of the dapp platform
- Additional information about blockchain exchange
Why Loopring Exchange?
Loopring - an open source, audited, non-storage-related exchange protocol, which means no one needs to be trusted by others in the Loopring ecosystem. Assets are always under the users' own control with 100% Ethereum safety guarantees. Platform advantages:
| High throughput | Loopring supports scalable decentralized exchanges by batch processing thousands of off-chain requests with reliable execution via ZKP. The performance of the underlying blockchains is no longer a bottleneck. |
| Budgetary | Loopring performs most operations, including order matching and settlement on trades, outside the Ethereum blockchain. This design significantly reduces gas consumption and, therefore, the total estimated cost to a fraction of a cent. |
You can trade with MetaMask and several compatible wallets now.
Economics of the dapp platform
The new version of Loopring can execute up to 2,025 trades per second, guaranteeing the same level of safety as the underlying Ethereum blockchain. This is made possible through the use of a construct, called zkRollup, and a function, called "In-Chain Data Availability" or OCDA.
With this version, exchanges can match the performance of competitors, providing custody services. The settlement cost is approximately $150 per million trades, which covers the costs of Ethereum transactions, generating trial data on cloud computing platforms. DEX can further reduce computational costs through the use of cheaper servers in the cloud and GPU-based algorithms. But it will be in the next update.
Additional information about blockchain exchange
There is a White paper on the platform where you can find out more information. If you have any questions, you can discuss them with the community on social networks and game chats.
Namely:
Also, there you can get acquainted with the upcoming updates, promotions and participate in contests.