This article was first published on Loopring Protocol - Medium
Loopring Monthly Update — 2020/11
This has been an incredibly busy and exciting month, especially the final week. The bulk of our development work throughout the year is at the point where it is materializing into a very powerful protocol, and user-friendly products. Loopring Wallet has a live beta, Loopring AMM launched a mainnet beta, Loopring protocol v3.6 is being rolled out little by little, and all combined, things are going to get very interesting!
This was a very big milestone for the Loopring team, and represents a product we plan on bringing millions of users onto. It is also a milestone for Ethereum. This is the first Ethereum smart contract wallet with zkRollup scaling baked in, and it’s very powerful. It is a global payment app, DEX (AMM and orderbook), and portal into DeFi. It removes gas fees, provides instantaneous transactions from a user’s point of view, and inherits the complete security of Ethereum. We like to say it is Freedom At Your Fingertips.
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Loopring Protocol - Medium