Jay Zhou, the Chief Operating Officer at Loopring, will be appearing as a guest on SOLO TV!
What is Loopring?
Loopring is an open-source, non-custodial exchange protocol. It handles thousands of transactions, including operations, trade settlement, and order matching on Ethereum off-chain.
The underlying Ethereum blockchain is used only for data and verification, which means gas consumption and reduced overall settlement costs.
Loopring 3.0 can settle up to 2,025 trades per second while still providing Ethereum-level security made possible by using a construction called zkRollup.
Loopring’s settlement costs are $150 per million trades, which covers the gas for Ethereum transactions. To put things in perspective, stock trading fees in the US are $2 to $7 per trade.
Jay will be appearing as a guest on SOLO TV, so subscribe now to catch the interview when it is released.