Loopring

Faster, cheaper Ethereum transactions

Lesson 1 – What is Loopring ?

1. Looping is an Ethereum scaling protocol that enables cheaper,
   • faster transactions on the Ethereum network.
2. Transactions on Looping are roughly a hundred times cheaper and faster.
   • In other words: gasless and instant
3. To do this, Loopring runs as a Layer 2 protocol, Ethereum is Layer 1, the base layer.
   • Loopring runs on top of Ethereum.
4. Loopring achives so much scale by using a technology called zkRollup.
5. zkRollups batch many transactions together into a small mathematical proof,
   • saving thousands of dollars in gas fees.
6. By submitting compressed proofs, transactions can finalize quickly and cheaply without sacrificing security.

• What is Looping ?
  • A Bitcoin mining platform
  • Cosmos security protocol
  • An Ethereum scaling protocol
  • Tezos NFT marketplace
• the answer earns $0.50 LRC

Lesson 2 – How can I use Loopring ?

1. Today, the Looping protocol securely scales Ethereum
   • and is capable of 100x cheaper fees and 1000x faster speeds.
2. With the zkRoolup running smoothly for a year,
   • Looping’s focus is on providing gas-free DeFi products.
3. The Loopring Exchange is a high speed,
   • gas-free decentralized exchange on the Ethereum network.
4. It supports both an order book and automatic market making,
   • allowing users to make trades with no gas fees.
5. The Loopring Wallet is a mobile wallet app with social recovery features.
   • It natively supports the Looping Exchange
6. Loopring’s protocol & products aim to bring Ethereum to millions of users,
   • without gas fees getting in the way.

• What is NOT a benefit of using Loopring ?
  • 100x cheaper fees
  • Decentralized finance (DeFi) support
  • 1000x faster transactions
  • Requires a traditional bank account
• the answer earns $0.50 LRC

Lesson 3 – What is the LRC token ?

1. LRC is Looping’s native Ethereum token.
   • It’s used to govern the protocol,
   • reward participants, and align incentives.
2. LRC incentives governance, liquidity, and insurance;
   • helping Loopring to grow and become self-sustainable.
3. Loopring transactions carry a small protocol fee.
   • A portion of this is awarded to LRC holders, who help govern the protocol.
4. LRC token holders can vote to decide on the fee level,
   • and how much is awarded to the different protocol participants.
5. The Ethereum network powers Loopring’s security,
   • while LRC is used to fuel the protocol and reward participants.
6. To get started with Loopring, you can visit loopring.io
   • and download the mobile wallet, or access the exchange on the web.

• What is LRC ?
  • Loopring’s governance token
  • Liquidity Recovery Console
  • A consortium of blockchain organizations
  • A new consensus algorithm
• the answer earns $0.50 LRC