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Loopring is Ethereum's first zkRollup Layer 2 platform, designed to provide fast, secure, and low-fee trading and payment services on Ethereum.
Why choose Loopring? Here are some key reasons:
Security: As an open-sourced, audited, and non-custodial exchange and payment protocol, Loopring doesn't require users to trust others in the ecosystem. Thanks to zkRollup, assets are always under users' own control, with 100% Ethereum-level security guarantees.
High Throughput: Loopring bypasses the performance limitations of Ethereum by batch-processing thousands of requests off-chain and providing verifiably correct execution via Zero-Knowledge Proofs (ZKPs).
Low Cost: Most operations, including trade and transfer settlement, are performed off the Ethereum blockchain in Loopring. This dramatically reduces gas consumption and overall transaction cost, making it much cheaper than comparable on-chain transactions.
In summary, Loopring leverages zkRollup technology to provide a secure, scalable, and cost-effective solution for decentralized exchanges and payments on the Ethereum network.
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