#zk rollup loopring

[annajamessa]

zk rollups are emerging as a game-changer for scalability and efficiency. By leveraging zero-knowledge proofs, hashtag#zkrollups bundle hundreds of transactions into a single batch, reducing gas fees and improving transaction throughput while maintaining the security and decentralization of the hashtag#Ethereum network.

🔍 Why zk Rollups?

✅Scalability: Drastically increases transaction throughput. ✅Cost Efficiency: Significantly reduces gas fees for users. ✅Security: Maintains the robust security of the Ethereum mainnet. ✅Decentralization: Ensures the decentralized nature of the hashtag#blockchain is preserved.

Explore the leading hashtag ZK Rollups projects of 2024 and gain valuable insights into the future of blockchain.

Click Here For More Details:- https://www.antiersolutions.com/top-zk-rollups-projects-in-2024/

[bitcofunblog]

Table of ContentsIntroductionExploring the Efficiency of Loopring: A Deep Dive into ZK-Rollup TechnologyThe Future of Decentralized Exchanges: How Loopring's ZK-Rollups Enhance Trading Speed and SecurityLoopring's Impact on Crypto Trading: Scalability and Cost Reduction with ZK-RollupsQ&AConclusion"Loopring: Powering Instant, Low-Cost Crypto Trades with Cutting-Edge ZK-Rollup Technology."IntroductionLoopring (LRC) is an open-source, decentralized exchange (DEX) protocol built on the Ethereum blockchain. It aims to combine the security of blockchain technology with the speed and scalability required for high-volume trading. The protocol utilizes zero-knowledge proofs, specifically ZK-Rollups, to aggregate multiple off-chain transfers into a single transaction, significantly reducing the gas fees and improving the transaction throughput. By doing so, Loopring enables faster and more cost-effective cryptocurrency trading, while still maintaining a high level of security and the benefits of non-custodial settlement. The native token, LRC, is used to incentivize various network participants and facilitate the governance of the protocol's development and upgrades.Exploring the Efficiency of Loopring: A Deep Dive into ZK-Rollup TechnologyLoopring (LRC): Accelerating Cryptocurrency Trading Through ZK-Rollups In the rapidly evolving world of cryptocurrency, the quest for efficiency and speed in trading is relentless. Loopring emerges as a cutting-edge solution, leveraging the power of ZK-Rollups to revolutionize the way we think about cryptocurrency exchanges. This protocol not only promises to enhance transaction speeds but also to significantly reduce costs, all while maintaining the security and integrity of the blockchain. At the heart of Loopring's innovation is the ZK-Rollup technology, a type of layer-2 scaling solution. ZK-Rollups, or Zero-Knowledge Rollups, bundle hundreds of transfers into a single transaction. By doing so, they drastically reduce the strain on the Ethereum network, which is where Loopring primarily operates. This is particularly important as Ethereum, despite its popularity, has been known to suffer from network congestion, leading to slow transaction times and high gas fees. The 'Zero-Knowledge' aspect of ZK-Rollups is pivotal to their functionality. It refers to the ability to prove the validity of information without revealing the information itself. In the context of Loopring, this means that transactions can be validated without exposing the details to everyone on the network. This not only ensures privacy but also allows the network to process transactions more efficiently, as less data needs to be verified and stored on the Ethereum blockchain. Furthermore, Loopring's use of ZK-Rollups offers a compelling advantage in terms of security. Traditional layer-2 solutions often require users to trust a third party or a sidechain, which can introduce points of vulnerability. However, with ZK-Rollups, the security guarantees are as strong as the underlying blockchain itself because the validity of the transactions is cryptographically verified and then recorded on the main chain. The implications of this technology are profound for traders and the cryptocurrency market as a whole. By facilitating near-instant trades with minimal fees, Loopring opens up the possibility for high-frequency trading strategies that were previously impractical in decentralized environments. This could attract a new wave of traders and investors to the space, who have been waiting on the sidelines for more efficient and cost-effective trading platforms. Moreover, Loopring's approach aligns with the broader trend in cryptocurrency towards greater scalability and efficiency. As the industry matures, the demand for platforms that can handle the volume and speed required by modern financial systems is growing. Loopring's ZK-Rollup technology positions it at the forefront of this movement, offering a glimpse into the future of decentralized finance (DeFi).

In addition to its technical merits, Loopring also presents an environmentally conscious option. The reduction in transactional load on the Ethereum network translates to less computational work, which in turn means lower energy consumption. In an era where the environmental impact of cryptocurrencies is under scrutiny, solutions like Loopring's that offer greener alternatives are increasingly valuable. In conclusion, Loopring's integration of ZK-Rollup technology represents a significant leap forward for cryptocurrency trading. By combining the speed and cost-efficiency of centralized exchanges with the security and decentralization of blockchain, Loopring is setting a new standard for what traders can expect from the market. As the platform continues to evolve and gain adoption, it stands as a testament to the potential of innovative solutions to reshape the landscape of cryptocurrency trading and beyond.The Future of Decentralized Exchanges: How Loopring's ZK-Rollups Enhance Trading Speed and SecurityLoopring (LRC): Accelerating Cryptocurrency Trading Through ZK-Rollups In the rapidly evolving world of cryptocurrency, the quest for speed and security in trading is a paramount concern. Decentralized exchanges (DEXs) have emerged as a popular alternative to traditional centralized platforms, offering users greater control over their funds and enhanced privacy. However, DEXs have historically faced challenges with scalability and transaction speed, often resulting in a less efficient trading experience. Enter Loopring, a protocol that leverages cutting-edge cryptographic technology known as ZK-Rollups to revolutionize the DEX landscape by significantly accelerating transaction throughput while maintaining robust security. At the heart of Loopring's innovation is the implementation of ZK-Rollups, a type of layer-2 scaling solution. ZK-Rollups bundle hundreds of off-chain transactions into a single transaction, which is then verified on the Ethereum blockchain. This process dramatically reduces the strain on the network, as it minimizes the amount of data that needs to be stored and processed on the main chain. Consequently, Loopring enables high-speed trades with lower gas fees, a critical advantage in a market where timing and cost-efficiency can make a significant difference in trading outcomes. Moreover, the use of ZK-Rollups enhances the security of transactions. Zero-Knowledge Proofs, the cryptographic principle behind ZK-Rollups, allow for the validation of transactions without revealing any underlying sensitive information. This ensures that while transactions are processed quickly, they are also cryptographically secure, providing users with peace of mind that their trades are protected from potential threats. Loopring's approach to decentralized trading not only addresses the limitations of speed and security but also contributes to the broader Ethereum ecosystem. By offloading transactions from the main chain, Loopring helps to alleviate network congestion, which has been a persistent issue for Ethereum, especially during periods of high demand. This relief to the network is particularly timely as the Ethereum community anticipates the full rollout of Ethereum 2.0, which aims to further enhance the network's scalability and efficiency. The implications of Loopring's technology extend beyond immediate transactional benefits. As the protocol gains adoption, it could pave the way for a new standard in DEX operations, where the trade-off between speed and security becomes a relic of the past. This advancement is crucial for the maturation of the cryptocurrency market, as it aligns with the broader financial world's expectations for trading platforms. Furthermore, Loopring's ZK-Rollups have the potential to foster greater inclusivity within the cryptocurrency space. By lowering transaction costs, the protocol makes it more feasible for individuals with less capital to participate in trading activities. This democratization

of access is a core principle of the decentralized finance (DeFi) movement, and Loopring's contributions are a significant step towards realizing that vision. In conclusion, Loopring's integration of ZK-Rollups into its protocol marks a significant milestone in the evolution of decentralized exchanges. By enhancing trading speed and security, Loopring not only improves the user experience but also contributes to the overall health and scalability of the Ethereum network. As the cryptocurrency market continues to mature, the innovations brought forth by Loopring are likely to play a pivotal role in shaping the future of decentralized trading, making it more accessible, efficient, and secure for all participants.Loopring's Impact on Crypto Trading: Scalability and Cost Reduction with ZK-RollupsLoopring (LRC): Accelerating Cryptocurrency Trading Through ZK-Rollups In the rapidly evolving world of cryptocurrency, the quest for scalability and cost efficiency has led to the development of various innovative solutions. Among these, Loopring stands out as a game-changing protocol that leverages zero-knowledge proofs, specifically ZK-Rollups, to significantly enhance the performance of cryptocurrency exchanges. This protocol is not only revolutionizing the way trades are executed but also how they are settled, providing a glimpse into the future of decentralized finance (DeFi). At its core, Loopring is a layer 2 solution built on top of Ethereum, designed to address two of the most pressing issues faced by the blockchain: scalability and high transaction costs. Ethereum, despite its popularity and robust ecosystem, has been plagued by network congestion, leading to slow transaction times and exorbitant gas fees, especially during peak usage. Loopring elegantly circumvents these challenges by processing transactions off the main Ethereum chain, thereby reducing the load and allowing for a more efficient use of resources. The secret sauce behind Loopring's efficiency is the use of ZK-Rollups, a type of technology that aggregates multiple transactions into a single batch and generates a cryptographic proof, known as a zero-knowledge proof. This proof validates the entire batch of transactions, which can then be posted to the Ethereum blockchain. The beauty of this approach lies in its ability to maintain the security guarantees of the Ethereum mainnet while offloading the computational heavy lifting to a separate, specialized layer. Moreover, ZK-Rollups are not just about scaling; they also bring about a drastic reduction in transaction costs. By bundling numerous transactions together, Loopring minimizes the number of times the network has to update its state, which is a gas-intensive process. Consequently, users enjoy lower fees, making trading and transferring assets on the blockchain more accessible to a broader audience. The implications of Loopring's technology extend beyond mere cost savings. By facilitating a higher throughput of transactions, Loopring enables a more liquid and dynamic market. Traders can execute orders almost instantly, without having to worry about the market moving against them due to network delays. This immediacy is critical for sophisticated trading strategies and could attract more institutional investors to the DeFi space, further bolstering its legitimacy and potential for growth. Furthermore, Loopring's non-custodial exchange protocol ensures that users retain full control of their funds throughout the trading process. This aspect is crucial for those concerned about the security risks associated with centralized exchanges, which have been targets for hacks and other security breaches in the past. With Loopring, users can trade with peace of mind, knowing that their assets are not held by a third party and are secured by the underlying blockchain technology. In conclusion, Loopring's integration of ZK-Rollups is a significant leap forward for cryptocurrency trading. By enhancing scalability and

reducing costs, it addresses two of the most significant barriers to the widespread adoption of DeFi. As the protocol continues to mature and gain traction, it could very well set a new standard for how exchanges operate, paving the way for a more efficient, secure, and user-friendly trading experience. Loopring's innovative approach exemplifies the potential of layer 2 solutions to empower the blockchain ecosystem, ensuring that it remains a vibrant and competitive space for years to come.Q&A1. What is Loopring (LRC)? Loopring (LRC) is an open-source, decentralized exchange (DEX) protocol built on the Ethereum blockchain. It allows for the building of high-throughput, low-cost trading platforms without sacrificing security. Loopring uses zero-knowledge proofs, specifically ZK-Rollups, to aggregate and process multiple trades off-chain before settling them on the Ethereum blockchain, thus enhancing scalability and reducing fees. 2. How do ZK-Rollups accelerate cryptocurrency trading on Loopring? ZK-Rollups bundle hundreds of transfers into a single transaction, which significantly reduces the data that needs to be stored and processed on the Ethereum blockchain. By doing so, ZK-Rollups allow Loopring to perform operations off-chain and then prove the correctness of these operations on-chain using zero-knowledge proofs. This process accelerates trading by enabling higher throughput and faster settlements while still maintaining the security guarantees of the Ethereum blockchain. 3. What are the benefits of using Loopring for cryptocurrency trading? The benefits of using Loopring for cryptocurrency trading include: - Reduced transaction fees: By processing multiple transactions off-chain and settling them in a single on-chain transaction, Loopring minimizes the Ethereum gas fees users have to pay. - Increased throughput: Loopring can handle up to a few thousand trades per second, which is a significant improvement over Ethereum's native capacity. - Enhanced security: Despite off-chain computation, the security model is not compromised as the integrity of transactions is ensured by zero-knowledge proofs. - Non-custodial trading: Users retain control of their funds at all times, mitigating the risk of exchange hacks and mismanagement. - Interoperability: Loopring supports trading across multiple cryptocurrencies without the need for a trusted intermediary.ConclusionConclusion: Loopring (LRC) significantly enhances cryptocurrency trading efficiency and scalability by utilizing zero-knowledge rollups (ZK-Rollups). This technology allows for the aggregation of multiple transactions into a single proof, reducing the on-chain footprint and thus lowering transaction costs and increasing throughput. By offloading computational load from the main Ethereum blockchain, Loopring provides a more cost-effective and faster trading experience, which is particularly beneficial during periods of network congestion. The platform's use of ZK-Rollups represents a notable advancement in the quest for scalable, secure, and user-friendly decentralized exchange solutions.

[cointahmin]

ZkSync geliştiricisi Ethereum Rollup’ları oluşturmak için Araç Seti yayınladı. Araç seti, kripto geliştiricilerinin dijital varlık alanında bu yılın en sıcak teknolojilerinden biri olan zk-proof’la desteklenen süratli ve ucuz Blockchain oluşturmalarını kolaylaştıracakzkSync’ten yeni bir araç seti geliyorcointahmin.com olarak bildirdiğimiz üzere, zkSync Era Blockchain’in ardındaki şirket olan MatterLabs, bir araç seti yayınladı. Bu set, Blockchain geliştiricilerinin zero-knowledge (ZK) ispatlarıyla desteklenen ağları kolay kolay oluşturmalarına yardımcı olacak. Matter Labs’ın tanıttığı ve ZK Stack olarak isimlendirilen yazılım geliştirme araç seti (SDK), geliştiricilerin zkSync Era’nın kod tabanına dayalı yeni “hiper Blockchain’ler” oluşturmasına imkan tanıyacak. Matter Labs’in teknolojiden sorumlu kıdemli lider yardımcısı Anthony Rose, hususa ait olarak şu açıklamayı yaptı:Buradaki fikir, insanların hiper Blockchain’ler konuşlandırmaları için bu kullanıma hazır araç setine sahip olmak. Ayrıyeten, bu irtibatlı müsaadesiz sistemlere sahip olduğumuz, geleceğin paha interneti olarak düşündüğümüz şeyi, Ethereum’u ölçeklendirmeye başlayabileceğiniz bu ağı inşa edebilmek.Yeni kitler ile airdrop beklentisi artıyorZK Stack ile Matter Labs, kriptonun açık ethosuna uygun olarak teknolojisine erişimi demokratikleştirmeye çalışan Ethereum rollup takımları ortasında Optimism ve Arbitrum’a katılıyor. Anthony Rose, “Bunun için motivasyon ticari değil. Sistemin vizyonu her vakit pek çok katkı sağlayıcıdan biri olmamız oldu,” diyor. Lakin bu atılım, ticari bir mercekten bakıldığında, Matter Labs’in zkSync Era ekosistemine daha fazla geliştirici çekmesine yardımcı olmanın bir yolu olarak görülebilir.Bu ortada, ZK-Rollup teknolojisini kullanan proje, süratle gelişim gösteriyor. zkSync’in TVL’si şu anda 625 milyon dolara ulaşmış durumda. TVL ölçüsü, ağın etkin kullanım durumu yansıtıyor. Bu da yeni kitler ile airdrop beklentisini destekliyor.ZkSync Optimism’e karşı: ZK-Proof yarışı kızışıyorZkSync ve Optimism, optimistic-rollup teknolojisini kullanan Katman-2 ölçeklendirme tahlilleri. Her ikisi de Ethereum için süreç hacmini artırmayı ve fiyatları azaltmayı amaçlıyor. Bununla birlikte, ikisi ortasında onları birbirinden ayıran kimi farklılıklar var. Temel farklardan biri dolandırıcılık ispatlarına yaklaşımları. Optimism, sistemin inançlı kalmasını sağlamak için esasen rollup’lara gönderilen datalara meydan okuma olan sahtekarlık delillerini kullanıyor. Bununla birlikte, sahtekarlık ispatları kıymetli ölçüde hesaplama gerektiriyor. Ayrıyeten, kullanıcılar için daha uzun bekleme müddetlerine yol açıyor.Buna karşılık ZkSync, rollup’lara gönderilen bilgilerin geçerliliğini sağlamak için zero-knowledge delilleri kullanıyor. Bu da daha süratli süreç müddetleri ve daha düşük fiyatlar sağlıyor. ZkSync’in zk-proof kullanması, Optimism’in şu anda sunmadığı kapalılığı koruyan süreçleri desteklemesine de imkan tanıyor.İkisi ortasındaki bir başka fark ise Ethereum ağı ile birlikte çalışabilmeleri. Optimism, kullanıcıların fonlarının toparlanmadan çekilmesi için bir hafta beklemelerini gerektiriyor. Lakin, ZkSync para çekme süreçlerinin anında yapılmasına müsaade veriyor. Bu da ZkSync’i trade üzere neredeyse anında likidite gerektiren durumlar için daha uygun hale getiriyor. Benimsenme açısından bakıldığında, her iki platform da ilgi görüyor. ZkSync’i Gitcoin, Loopring ve Immutable X üzere birçok ünlü proje kullanıyor. Optimism’i ise Uniswap, Synthetix ve başka tanınan DeFi protokolleri benimsemiş durumda.

[ailtrahq]

Layers are the models on which blockchains are designed. All the first-generation cryptocurrencies are Layer-1 coins. They include the likes of Bitcoin, Ethereum, Litecoin, Ripple, etc. As the term quite explains itself, Layer-1 is the initial and base model.  They comprise of fundamentals like data storage, transaction validation, and consensus. It works like a backbone to the coin. But here’s where the problem arises. While the Layer-1 model takes care of the basics, it lacks scalability and efficiency to meet today’s needs. Hence, the developers came up with a secondary model called Layer-2.  This one particularly focuses on the enhancement of the blockchain. It improves the speed, reduces the fee, and makes the crypto more adaptable. Some examples of the same are Polygon on Ethereum and Lightning Network on Bitcoin. Needless to mention, Layer-2 coins have gained huge traction. As they take blockchain ahead, the crypto users clearly see them as the future. Thus, the Layer-2 coins have become quite profitable as well.  Layer-2 Assets That Will Rule The Markets  Based on a comprehensive analysis, these are the cryptos that experts have picked. Arbitrum  Arbitrum enables Ethereum to execute 40,000 transactions per second at a very low fee. Additionally, it improves smart contract functionalities and eases usage. Its robust mechanism empowers developers to create high-end decentralized applications. For all these reasons, this coin gains great value in the market. Optimism Optimism uses a unique method to improve transaction speed. It settles transactions on the blockchain that run in parallel with the Ethereum network. This also lowers the fee considerably. Besides that, it facilitates the development of scalable DeFi protocols with EVM-compatible smart contracts. It has become a popular choice among traders lately.  Immutable X Immutable X has been developed to improve the scalability of NFTs on the Ethereum network. It makes minting and trading of NFTs faster with zero costs. To make this happen, the protocol deploys the zero-knowledge roll-up or zk-rollup method. It has also become a favorite of crypto traders.  Loopring Loopring focuses on reducing gas costs while achieving better throughput. It also amps up the security and combines the features of centralized and decentralized exchanges. Moreover, it processes buyer and seller orders without taking control of their funds. With all the unique features, it has become a valuable investment for crypto traders.  Inspect (INSP) Built by and for X (formerly Twitter), Inspect is a Layer-2 crypto that comes with multiple functionalities. It facilitates access to NFTs, cryptos, GameFi, and many other services to Web3 users. Within a very short time, the platform garnered 150,000 unique users. For many reasons, its profitability is undisputedly high. Conclusion Layer-2 blockchain has put forward infinite possibilities for cryptocurrencies. They are making digital assets more efficient and favorable for industry usage. As a result, the adoption of these coins is growing exponentially. So, the investors putting money into these tokens are definitely making a wise decision. They are securing profits and benefits for their future.   Source

[debajitadhikary]

What is ZK Rollup?3 very Important Use cases

What is ZK Rollup?3 very Important Use cases

What is ZK Rollup? It’s a buzzing question nowadays how can it help scale up the Ethereum Transaction cost and Speed? What are the Pros and cons of ZK Rollup? We’ll discuss in this article What is ZK Rollup in a very simple way. Watch the video for details. Introduction The problem arises when the demand for the Ethereum network increase like crazy in the application of NFTs, Yield Firming,…

[bitcofun]

Key Takeaways The cryptocurrency market has actually leapt off the back of the Federal Reserve's most current 0.75% rate of interest walking. ETH and other Ethereum-related tokens have actually rallied on the bounce. The Ethereum community might have high benefit in the next crypto booming market. Many Ethereum-related tokens are outmatching ETH in the current market rally. Market Surges Off Back of Fed Hike Macro conditions might still look bleak, however that hasn't stopped the crypto market from rising today. Ethereum-related tokens are the huge winners in the current market bounce, defying another week of bad market news in which the Federal Reserve revealed its 4th 75 basis point rates of interest walking of the year. Though the marketplace was quickly gotten rid of the back of Wednesday's hawkish upgrade from the U.S. reserve bank, Loopring, Polygon, Lido DAO, and other tokens have actually published double-digit gains today. By far the greatest entertainer amongst crypto's significant possessions is Loopring, whose LRC token has got 49.5% on the day. Loopring is a Layer 2 option that leverages ZK-Rollups, innovation that Ethereum developer Vitalik Buterin and others have actually promoted as crucial to assisting crypto's leading clever agreement network scale. Together with other ZK-Rollup options like StarkNet and zkSync, Loopring is thought to be among the most popular competitors in assisting Ethereum accomplish its aspiration of mass crypto adoption. Polygon, which released as an Ethereum scaling service however has actually considering that generated a vast community of its own, has actually seen its MATIC token dive 21.6% over the past 24 hours. Lido DAO, another Ethereum staple that's grown in appeal over the previous year thanks to its liquid staking offering, has actually likewise increased, with LDO up 17% today. Curve's CRV and Aave's AAVE, 2 of the most popular Ethereum DeFi tokens on the marketplace, have actually likewise gotten double digits over the past 24 hours. As is typically the case on market bounces such as this, Ethereum is dragging lots of possessions with lower market capitalizations. ETH has leapt 6.6% to around $1,650, assisting the international cryptocurrency market capitalization increase by 4.8%. The Future Outlook for the Ethereum Ecosystem As crypto approaches one year given that the marketplace peaked in November 2021, financiers and traders alike have actually watched for stories and tokens that might lead on the next bullish market cycle. While it can be hard to anticipate which method the marketplace will move, one popular method for identifying future winners is to determine bearish market outperformers. Universe and the Cosmos-based network Osmosis, for example, have actually revealed strength throughout negative market conditions over the previous couple of months, providing so-called "Cosmonauts" hopes of an approaching rally when the marketplace turns. Universe revamped its ATOM token in September and is concentrating on cross-chain interoperability, leading numerous to think that it might delight in an increase as interest go back to the marketplace. Other lesser-known tasks like GMX have actually likewise been striking highs in energy and token efficiency in spite of the sustaining crypto winter season. Ethereum has actually likewise been highlighted as a prospective leader of the next market cycle. While Ethereum's ETH is not likely to exceed the booming market's greatest outliers due to its $199 billion market capital ization-- it underperformed numerous possessions such as the leaders of the "alternative Layer 1" boom in 2021-- i t's perhaps the 2nd probably crypto property to endure the approaching months and any additional market chaos together with Bitcoin. Plus, Ethereum went through a significant technological upgrade in the kind of " the Merge" in September. As the Merge cut ETH issuance by about 90% however ETH still trades practically

70% below its highs, Ethereum's the majority of ardent followers have actually argued that the occasion is not yet "priced in" due to the bearish market environment. As with the previous crypto bull cycle, if ETH is to rally, lots of other popular tokens in the Ethereum environment are most likely to benefit and even surpass it. Quick advancements in the Layer 2 area have actually sustained a story that Layer 2 tokens might have high upside possible in the next booming market, which might bode well for possessions like Optimism's OP and Loopring's LRC. zkSync is because of share more information on its upcoming token this month, StarkNet has actually verified its own token, and Arbitrum is likewise commonly anticipated to release one. Other Ethereum-related tokens like Polygon and Lido DAO might likewise take advantage of an ETH rise in the future. Polygon has actually protected lots of noteworthy collaborations this year consisting of a current tie-up with Starbucks, and Meta today revealed assistance for Polygon NFTs on Instagram. Lido DAO has actually gotten considerable attention because the Ethereum Merge, however the job will need to get rid of issues that it is centralizing Ethereum. Ethereum fans have actually likewise been questioning when DeFi will capture a break after 18 months of slow cost action considering that the area suffered a substantial correction in May2021 While numerous DeFi tokens are trading substantially below their highs, Ethereum is house to crypto's greatest DeFi community. Needs to the innovation bring in brand-new users in the future, tasks like Aave, Curve, and Uniswap might see the advantage. The international cryptocurrency market capitalization is presently $1.1 trillion. It's about 63% below its $3 trillion peak tape-recorded in November 2021. Disclosure: At the time of composing, the author of this piece owned ETH, MATIC, LRC, CRV, AAVE, ATOM, and a number of other cryptocurrencies. The details on or accessed through this site is gotten from independent sources our company believe to be precise and dependable, however Decentral Media, Inc. makes no representation or guarantee regarding the timeliness, efficiency, or precision of any info on or accessed through this site. Decentral Media, Inc. is not a financial investment consultant. We do not offer tailored financial investment guidance or other monetary recommendations. The details on this site goes through alter without notification. Some or all of the info on this site might end up being out-of-date, or it might be or end up being insufficient or incorrect. We may, however are not obliged to, upgrade any out-of-date, insufficient, or unreliable details. You must never ever make a financial investment choice on an ICO, IEO, or other financial investment based upon the info on this site, and you ought to never ever translate or otherwise depend on any of the details on this site as financial investment suggestions. We highly advise that you seek advice from a certified financial investment consultant or other competent monetary expert if you are looking for financial investment guidance on an ICO, IEO, or other financial investment. We do decline settlement in any kind for evaluating or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products. See complete terms Ethereum Layer 2 Soars to $5B in Locked Value. Here's Why Arbitrum presently holds majority of all the overall worth locked on Layer 2. Inside Ethereum Layer 2 Ethereum's Layer 2 environment is on the increase. Per L2Beat information, the ... Ethereum Breaks Out of Month-Long Range Ethereum briefly touched $1,500 today as it broke out of the tight variety it had actually been trading within given that mid-September. Setting the Stage for a Rally Ethereum is getting ... Bitcoin, Ethereum Will Go "Much Higher" Post-Recession: Paul Tudor ... Paul Tudor Jones stated that he thinks the U.S. economy is either in or on the cusp of an economic crisis.

Jones Thinks Recession Is Looming Despite a months-long bearish market ... Read More

[primorcoin]

New Post has been published on https://primorcoin.com/gamestop-nft-marketplace-is-now-live-on-immutable-x-market-features-web3-games-blockchain-bitcoin-news/

Gamestop NFT Marketplace Is Now Live on Immutable X, Market Features Web3 Games – Blockchain Bitcoin News

After announcing the non-fungible token (NFT) marketplace seven months ago, the American consumer electronics and gaming merchandise retailer, Gamestop, has officially launched the company’s NFT market on Immutable X. In addition to NFTs, Gamestop’s marketplace also features Web3 gaming with games like “Gods Unchained,” and the DC Comics NFT trading card game “Hro.”

Gamestop Reveals Immutable X-Powered NFT Marketplace

Gamestop’s (NYSE: GME) NFT marketplace nft.gamestop.com is now live, and connected to the Ethereum layer two (L2) scaling solution Immutable X. Unlike NFT marketplaces like Opensea, Looksrare, and Rarible, the Gamestop NFT market offers “100% gas-free and carbon-neutral minting and trading to users,” according to the website.

Alongside the gas-free experience, the newly launched Gamestop NFT market says users can buy, sell, and create NFTs with “high speeds.”

The Gamestop NFT market’s Web3 gaming section.

“Today’s launch of the Gamestop NFT Marketplace means that we can now provide access to millions of additional NFTs, more of the top Web3 games being developed today, while maintaining a best-in-class experience for players,” Robbie Ferguson, the president and co-founder of Immutable X explained during the announcement.

The news follows Gamestop’s partnership with the exchange FTX US, which aims to bring Gamestop customers to the FTX community and marketplaces in order to acquire crypto assets. Gamestop detailed that select retail stores will carry FTX brand gift cards and “Gamestop will be FTX’s preferred retail partner in the United States.”

The Gamestop NFT marketplace launch and FTX partnership also follow the company releasing its own Gamestop branded wallet at the end of May. When navigating the nft.gamestop.com market, the connect tab shows three wallet choices which include the Gamestop Wallet, Walletconnect, and Metamask.

As far as the Web3 games are concerned, the Gamestop NFT Marketplace features the trading card game “Gods Unchained,” the chess game “Immortal Game,” the mobile role-playing game (RPG) “Guild of Guardians,” the massively multiplayer online role-playing game (MMORPG) “Ember Swords,” the 8 and 16-bit game “Bitverse,” and the official DC Comics NFT trading card game “Hro.”

Tags in this story

Data Collection, Desktop Wallet, ether, Ethereum, Ethereum-based assets, GameStop, Gamestop ethereum wallet, Gamestop NFT market, Gamestop NFT marketplace, Gamestop NFTs, Immutable X, L2, Loopring, metamask, nft, NFT Market, NFT marketplace, NFTs, Non-fungible Token, Power to Players, Privacy Policy, Web3, Web3 Games, Web3 wallet, ZK rollups

What do you think about Gamestop launching the NFT marketplace on Immutable X? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: 1take1shot / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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[thesecrettimes]

Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020.

Ethereum Foundation Clarifies ‘Gas Fees Are a Product of Network Demand’ — The Merge Does Not Significantly Change Any Parameters That Directly Influence Network Capacity or Throughput

The Ethereum Foundation wants the public to be aware that while The Merge will transition from PoW to PoS, assumptions that fees will drop are false. The statement was added to the foundation’s definition and summary of The Merge hosted on ethereum.org. The page has been updated on a few occasions and the last update occurred on August 16, 2022. Ethereum developers are expected to convene for a meeting on August 18, 2022. “Gas fees are a product of network demand relative to the network’s capacity,” the website’s newly updated summary explains. “The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput.” While transaction fees on Ethereum will not change after The Merge, users who want lower fees will have to leverage layer two (L2) scaling solutions and wait for more Ethereum upgrades. Following The Merge, Ethereum will implement The Surge, The Verge, The Purge, and finally The Splurge. The Surge aims to help improve scaling by leveraging zero-knowledge rollups (ZK-rollups) via sharding techniques. Ethereum’s The Verge transition will apply Verkle trees in order to achieve statelessness by using the Merkle proof upgrade. Even though fees will not be reduced right away, Ethereum’s onchain fees have been at the lowest rates since 2020. At the time of writing on August 17, bitinfocharts.com statistics show the average network fee today is 0.0012 ether or $2.28 per transfer. Etherscan.io’s Gas Tracker is even lower showing a high fee is around 22 gwei or $0.85 per transaction. An Opensea marketplace sale is $2.90, a Uniswap swap is $7.47, and transferring an ERC20 like tether (USDT) is $2.19 per transfer on Wednesday. L2 fees are the lowest on Loopring and Zksync as costs can range between $0.04 to $0.06 to send ether. What do you think about the Ethereum Foundation clarifying that The Merge will not reduce fees on the website ethereum.org? Let us know what you think about this subject in the comments section below. Read the full article

[annajamessa]

How to Choose an Ideal ZK Rollup Project in 2024? Key Factors to Consider

The blockchain industry continues to evolve with scalability and efficiency at the forefront of innovation. One of the most promising advancements in recent times is the zero-knowledge rollup technology, which enhances the scalability of blockchain networks by processing transactions off-chain while maintaining security and decentralization. As businesses look to leverage top zk rollup projects in 2024, several critical factors must be considered to ensure the selection of a solution that aligns with strategic goals and technical requirements. 

Proof System: ZK Rollups utilize cryptographic proofs to verify transactions without revealing their details. Different projects employ distinct proof systems, each with its own complexity and efficiency trade-offs. Research the specific proof system used by a zk rollup project and understand its strengths & limitations.

EVM Compatibility: Consider if the zk rollup is EVM compatible. EVM compatibility allows seamless migration of existing Ethereum smart contracts and reduces development overhead. However, some ZK Rollups layer 2 projects may prioritize faster transaction times by implementing custom virtual machines. Evaluate your project's needs and the level of EVM compatibility required.000

Developer Experience & Community: A thriving developer community is essential for ongoing support and innovation. Evaluate the ZK Rollup's developer tools, documentation quality, and the activity level of its developer community.

Security Audits & Track Record: Security is paramount in blockchain. Ensure the ZK Rollup has undergone rigorous security audits by reputable firms. Investigate the project's past performance in terms of uptime and any security incidents.

Future Development Plans: A clear roadmap outlining the ZK Rollup's future development plans is crucial. Look for a project with a well-defined roadmap that aligns with your project's long-term vision.

Top ZK Rollups Projects 

StarkNet

StarkNet is a zk rollup solution that leverages STARK technology to provide scalable and secure layer 2 solutions for Ethereum. Its robust developer tools and strong community support make it a top choice for enterprises aiming for seamless integration and continuous innovation.

2. zkSync Era

zkSync Era is a zk rollup layer 2 project designed to boost Ethereum's scalability and user experience. By utilizing zero-knowledge proofs, zkSync Era ensures fast and cost-effective transactions while maintaining Ethereum's security standards. 

3. Polygon zkEVM

Polygon zkEVM combines EVM compatibility with zero-knowledge rollup technology. This solution enables developers to deploy existing Ethereum smart contracts with minimal changes, providing a scalable and efficient environment. 

4. Loopring

Loopring is a zk rollup protocol focused on creating efficient decentralized exchanges and payment solutions. By utilizing zero-knowledge proofs, Loopring achieves high transaction speeds and low fees, making it suitable for businesses in the financial sector.

5. Linea

Linea is a zk rollup project designed to provide scalable and secure solutions for enterprise blockchain applications. By leveraging advanced zero-knowledge proof technology, Linea ensures high throughput and robust security. 

Conclusion 

Choosing the right ZK Rollup project requires a multi-faceted approach. By carefully considering the factors outlined above, you can make an informed decision that empowers your business to leverage the benefits of zk rollup projects. As zk rollup technology continues to advance, staying informed and proactive will ensure your business remains at the forefront of blockchain innovation. Antier stands at the forefront of blockchain innovation as a leading zk rollup development company. With a dedicated team of blockchain experts, the company specializes in creating customized zk rollup solutions tailored to meet the unique needs of enterprises across various industries. 

[virtualrebelcoffee]

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

This week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. The wallet is currently in beta form and now available via the firm’s web portal, in order to provide users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring’s layer two (L2)…

[alexalbert-blog-blog]

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

This week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. The wallet is currently in beta form and now available via the firm’s web portal, in order to provide users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring’s layer two (L2)…

[coinprojects]

New Post has been published on https://coinprojects.net/these-coins-could-still-deliver-superb-gains-despite-a-slow-start-in-2022/

These coins could still deliver superb gains despite a slow start in 2022

The crypto market started in 2022 badly. Most coins have since recovered from this slump, but they are nowhere near their highs. While there are still several risks in the broader market, 2022 could still turn out to be a great year for crypto. Here is why:

Traditional asset classes have severely underperformed, and this could push investors into crypto.

Some of the concerns investors had at the start of the year are slowly abating

Crypto still remains a high growth asset despite its rocky volatility

Well, for investors who are looking for crypto gems that still have the potential to do well in 2022, here is the full list:

Decentraland (MANA)

Although the crypto market was hit hard at the start of 2022, metaverse coins like Decenterland (MANA) faced steeper falls. The coins have recovered somehow, but they are still very low compared to previous expectations.

Data Source: Tradingview 

The good news is that interest in the metaverse will keep growing. As a result, it is likely that MANA and other metaverse coins will turn things around before the end of the year.

Fantom (FTM)

Fantom (FTM) has had several hurdles to cross this year. After a poor start to the year, Fantom also reported that one of the main founders had left the project. This dented investor confidence, and the coin tanked. But we have seen a bit of recovery. Fantom still remains a very reliable DeFi project. It is worth watching it in 2022.

Loopring (LRC)

Loopring (LRC) is an Ethereum scaling solution that has been experimenting with a number of new technologies, including ZK Rollups. While the price has consolidated over the past few weeks, LRC still has so much potential. It is one of the few coins that can actually be 5x your money this year if conditions in the market improve. LRC however faces massive competition from other Ethereum scaling solutions.

Source link By Motiur Rahman

#Altcoin #Bitcoin #BlockChain #BlockchainNews #Crypto

[coinwealth]

Why The Current Crypto Dip Is An Opportunity: Check Out Polygon (MATIC), Loopring (LRC), Pac-Man Frog (PAC)

The crypto market suffered a prolonged red period last week with most cryptocurrencies – even established ones – tumbling by double-digits.

We have been navigating the market in search of oversold quality cryptocurrencies and have come up with the following shortlist. This article will cover three promising cryptos, including two established ones that are currently trading at attractive prices relative to future value, and one that is currently conducting its presale round and that launch in the coming weeks.

Without any further ado, let’s dive into these exciting projects: Polygon (MATIC), Loopring (LRC), and Pac-man Frog (PAC).

Polygon (MATIC)

Polygon (MATIC) is leading Layer 2 (L2) projects that is built on top of the Ethereum (ETH) network (Layer 1) and aims at drastically enhancing blockchain scalability and speed, a widespread issue among the Bitcoin (BTC) and Ethereum networks nowadays.

Read also

Can FIREPIN Token’s (FRPN) 3000% presale rise help it compete with Dogecoin (DOGE) and Shiba Inu (SHIB)?

Why The Current Crypto Dip Is An Opportunity – Check Out Polygon (MATIC), Loopring (LRC), Pac-Man Frog (PAC) Source: UGC

The project was previously known as Matic Network, hence the cryptocurrency’s trading ticker.

Essentially, Polygon leverages so-called optimistic rollups as well as zero-knowledge rollups, known as ZK rollups, in order to execute transactions extremely fast.

Besides, Polygon leverages the Plasma Framework and the Proof-of-Stake (PoS) consensus mechanism, making its network considerably faster than Bitcoin and Ethereum. Indeed, Polygon claims to be able to handle up to 65,000 transactions per second, a significant feat.

As a best-in-breed Layer 2 (L2) project, Polygon therefore offers the scalability of alternative Layer 1 (L1) blockchains such as Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX) and others; along with the security and stability of Ethereum’s original network.

Polygon therefore combines the best of both worlds between Ethereum and highly-scalable L1 projects. This allowed Polygon to grow at an exponential rate, skyrocketing from $0.05 in February 2021 to $1.43 at the time of writing.

Read also

eNaira: Global report commends Central Bank of Nigeria’s policies

Still, MATIC is down from its all-time high of $2.87 reached last December, suggesting a potentially attractive valuation for long-term oriented investors.

Loopring (LRC)

Launched on Ethereum mainnet in late 2019, Loopring (LRC) is another extremely interesting project that, just like Polygon, aims at improving blockchain scalability and the overall transaction user experience within the crypto world.

Why The Current Crypto Dip Is An Opportunity – Check Out Polygon (MATIC), Loopring (LRC), Pac-Man Frog (PAC) Source: UGC

However, Loopring tackles this issue from a different angle: exchanges.

In crypto, an exchange is a place that enables users to easily exchange cryptocurrencies for fiat currency or other cryptocurrencies. The concept of crypto exchange can then be broken down into two main categories: centralised exchanges (CEXs) and decentralised exchanges (DEXs).

Centralised exchanges are essentially controlled. As a result, they tend to be more efficient, but the downside is they are less transparent and that users do not really control their own wallets and the crypto-assets that they contain. Examples of centralised exchanges are Binance (BNB), Coinbase, Kraken, or FTX (FTT).

Read also

Avalanche (AVAX), Seesaw Protocol (SSW), and Polkadot (DOT) are the hottest Cryptocurrencies to invest in right now

On the other hand, decentralised exchanges connect individuals directly without intervention from a central entity. The downside of DEXs is that they tend to be less efficient and can encounter liquidity shortages as liquidity is more fragmented. Leading decentralised exchanges are Uniswap (UNI), SushiSwap (SUSHI), and PancakeSwap (CAKE).

Loopring solves these issues by developing a middle-point solution that combines the advantages of both centralised and decentralised exchanges whilst getting rid of their respective flaws.

Loopring therefore developed a hybrid centralised/decentralised solution that combines a centralised order-matching system with a decentralised on-chain settlement solution.

The rapid growth of the decentralised finance (DeFi) space, along with the growing number of crypto exchanges make Loopring a particularly appealing investment that is blazing the trail of hybrid centralised/decentralised solutions. LRC can currently be acquired for around $1.00, an affordable price!

Pac-Man Frog (PAC)

Pac-Man Frog (PAC) is the last project on this list that is currently pre-selling its native token, PAC, before launching on the market.

Read also

Amaechi receives FBC for Lagos/Ibadan, Itakpe/Warri rail e-ticketing concession

Why The Current Crypto Dip Is An Opportunity – Check Out Polygon (MATIC), Loopring (LRC), Pac-Man Frog (PAC) Source: UGC

Pac-Man Frog will launch on Solana, one of the fastest blockchains today, able to process a whopping 65,000 TPS, similarly to Polygon. That is significantly more than Ethereum, the leading smart contract platform today, only able to process around 15 TPS.

Following DeFi’s philosophy, Pac-Man Frog wants to build a community-centred ecosystem that allows peer-to-peer (P2P) connection without unnecessary middlemen. The Pac-Man Frog ecosystem will be all about NFTs and game development, notably including an NFT launchpad and aggregator, a game incubator, and a Solana-powered gaming NFT marketplace.

As time passes, Pac-Man Frog aims to become what could be called a “decentralised venture capital fund.” This fund will connect people, pool funds, and invest money in promising NFT and game development startups, among other things.

Pac-Man Frog’s white paper is available online on the project’s official website for anyone interested to read. Keep an eye on PAC as it undergoes its initial presale phase and will enter the market in the upcoming weeks.

Read also

Crypto Market Falling Over 20%, Why We’re Buying More: Cardano (ADA), Fantom (FTM), Quitriam Finance (QTM)

Learn more about Pac-Man Frog:

Presale: https://ift.tt/dfoIcUM

Website: https://pacmanfrog.io/

Telegram: https://ift.tt/hWoJ9X8

Twitter: https://twitter.com/PacmanfrogToken

Instagram: https://ift.tt/8nRTuXQ

Keywords: Polygon, MATIC, Loopring, LRC, Pac-Man Frog, PAC, Ethereum, Exchanges, Solana

[SPONSORED]

Source: Legit.ng

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source https://usapangbitcoin.org/why-the-current-crypto-dip-is-an-opportunity-check-out-polygon-matic-loopring-lrc-pac-man-frog-pac/

source https://usapangbitcoin.wordpress.com/2022/04/22/why-the-current-crypto-dip-is-an-opportunity-check-out-polygon-matic-loopring-lrc-pac-man-frog-pac/

[yesdigitalstudio]

Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration

Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration

Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.  Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The layer-two (L2) scaling solution utilizes zk-Rollups to provide fast,…

[coinrehberim]

GameStop'un NFT pazar yeri beta olarak başlatıldı

GameStop’un NFT pazar yeri beta olarak başlatıldı

GameStop, merkezi olmayan kripto para borsaları için tasarlanan Ethereum katman-2 zk-Rollup protokolü Loopring’in (LRC) merakla beklenen NFT pazarına entegre edildiğini onayladı. Loopring Büyüme Başkanı Adam Browman, Çarşamba günkü bir blog yazısında GameStop NFT pazarının beta sürümünün başlatıldığını duyurdu. geleceği #NFT’ler buradalar + onlar tarafından destekleniyorlar #Ethereumikinci…

[cryptodailysun]

On Wednesday, the head of growth at Loopring, Adam Browman, announced that the recently teased Gamestop NFT marketplace has launched its beta version using Loopring’s layer two (L2) technology. Browman says that with Gamestop’s new NFT marketplace leveraging Loopring’s ZK-rollup technology, the platform “inherits Ethereum’s self-custodial security while abstracting away costly gas-fees, leaving no one priced out.” Gamestop Reveals NFT Market Built With Loopring’s L2 Tech During the last few months, the video game retail giant Gamestop has been hinting at a non-fungible token (NFT) marketplace launch. Last month, Gamestop revealed a partnership with Immutable X and revealed a $100 million NFT fund. Now according to the team from the Ethereum L2 project Loopring, the beta version of Gamestop’s NFT market called beta.nft.gamestop.com is now live. The announcement was revealed by Loopring’s head of growth, Adam Browman on March 23. Browman’s blog post announcement states: [With the new marketplace] built atop Loopring L2, ensures that users receive the strongest digital property rights anchored by a secure, decentralized and credibly neutral environment like Ethereum. Browman further remarked that users can gain early access to the website and set up a username and profile. Furthermore, Loopring’s head of growth noted that users can also “make deposits and be prepared for the full launch of the official marketplace coming soon.” “We believe that today marks an important inflection point for the entire NFT space, and we are excited to be a part of what’s to come,” Browman added. Loopring Speculation Comes to Fruition Meanwhile, statistics on March 23 show that the median sized fee to transact with ethereum (ETH) is $2.15 per transaction, according to l2fees.info. Onchain Ethereum network fees to swap a token today, costs around $10.74 per transaction. Loopring, on the other hand, is one of the cheapest L2 methods to send ether, as it currently costs $0.07 per transaction to use Loopring according to l2fees.info. Swapping a token with Loopring costs $0.75, which is 93.01% cheaper than the median-sized data transfer fee of $10.74 to swap coins onchain. There was a lot of speculation that Gamestop would be working with Loopring at the end of November, 2021. At the time, a Canadian reporter asked Loopring’s CEO Daniel Wang about the Gamestop speculation. After the reporter told Wang that there’s been “a lot of rumors about a potential partnership with Gamestop” and then asked the CEO if the “potential deal” was legitimate, Wang replied: I cannot comment on that. What do you think about Gamestop teaming up with Loopring and the new NFT marketplace launch? Let us know what you think about this subject in the comments section below. Go to Source