What is Loopring?

Modified on Thu, 16 Feb 2023 at 07:25 PM

Loopring is a Layer 2 blockchain network that utilizes zkRollup technology to make a summary of transactions on the network before sending them to be recorded on the Layer 1 like Ethereum. 


Loopring focuses on value transferring and decentralized exchange (DEX). The network is designed with efficiency and security while maintaining a gas fee at the lowest rate. 


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