GameStop's Choice for NFTs: Loopring and LRC Explained



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Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.

zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring’s throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015.

Loopring’s performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

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Polygon zkEVM: You NEED to pay attention to this!!



Hashoshi breaks down the announcement of the Polygon zkEVM layer 2 network that will bring much needed scalability to Ethereum. In the wake of the Ethereum merge, the need for scalability and reduced Ethereum gas fees that come with it will be critical for the next phase of crypto growth… the EVM-equivalent zk Rollup Polygon has released will serve that function.

Learn more:
https://blog.polygon.technology/the-future-is-now-for-ethereum-scaling-introducing-polygon-zkevm/?utm_source=Twitter-Main+&utm_medium=Post+&utm_campaign=Tier-1-Announcement

⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.

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⏰ // Timestamps // ⏰
0:00 Intro: Polygon zkEVM
0:36 What is “zk”?
2:00 What is the EVM?
2:44 zkEVM is a powerful layer-2
3:33 What problem does zkEVM solve?
6:30 The future of Ethereum, DeFi, etc.
7:05 Some “alpha” on the future of crypto
8:53 The bear market opportunity
9:15 MATIC price…

🛑 // DISCLAIMERS & TRANSPARENCY // 🛑

🔺 This description box contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.

The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, tax advice nor legal advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.

#Hashoshi #Cryptocurrency #Ethereum

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