Latest Loopring updates on February 21st

Loopring, a cryptocurrency project, recently announced important updates. On February 21, they announced that their Loopring Smart Wallet with Social Recovery is now natively available in multiple languages. On February 20, they asked users what features they would like to see enabled in the future to help them take control of their finances. On February 17, they announced a new Koinly x Loopring L2 integration to simplify taxes for crypto users. They also warned against airdrop scams on February 16. On February 15, they encouraged users to take control of their finances. On February 14, they highlighted the benefits of DeFi. On February 13, they discussed how music/album NFTs offer creators an additional revenue stream. On February 9, they welcomed more NFT use-cases to Loopring L2 for a fast and secure experience. On February 8, they announced that users can access their Dual Investment Earn options directly from their L2 wallets. On February 6, they provided an update on career opportunities in the Loopring ecosystem. On February 3, they congratulated Layerswap on their launch. On February 1, they highlighted that users who use Loopring L2 have full control over their assets and can even get paid to trade on their DEX. On January 31, they discussed the endless opportunities NFT technology offers. On January 30, they reminded users that Loopring is the cheapest rollup for ERC20 and NFT transfers. On January 27, they welcomed the Loopring L2 community for helping to educate and onboard users to L2. On January 26, they encouraged users to layer up if they are still minting NFTs on L1. On January 25, they highlighted LRC staking coming to L2, Ethereum’s multi-layer smart contract platform, and NFT red packets. Finally, on January 23, they discussed how they will revolutionize NFT gaming and pave the way for a new era of Web3 experiences.

What is Loopring ?

Loopring is an open-source, decentralized protocol for building a blockchain-based, trustless layer-two exchange and payment system. It is designed to improve the scalability, security, and privacy of public blockchains and exchanges. The Loopring protocol combines the trustlessness of a public blockchain with the scalability and privacy of a layer-two system.

Loopring is built on the zkRollup architecture, which allows users to securely send, receive, and trade digital assets without the need for an intermediary. The protocol works by combining off-chain transactions with on-chain settlement, allowing the blockchain to remain secure while still providing users with a fast, low-cost trading experience.

The Loopring protocol is designed to be secure, scalable, and private. It uses a variety of techniques to ensure user privacy, including zero-knowledge proofs, ring signatures, and confidential transactions. The protocol also features a ring-matching engine, which allows users to match trades more quickly and securely.

The Loopring protocol is designed to be a secure, trustless platform for trading and payments. It is currently being tested and is scheduled to go live in 2021. The team behind Loopring is actively working to improve the protocol, and the project has a strong and growing community of developers and users.

Loopring is an exciting project that could revolutionize the way we trade and pay for goods and services. By combining the trustlessness of a public blockchain with the scalability and privacy of a layer-two system, Loopring could create a secure and efficient platform for exchanging digital assets and making payments.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.