10-31-2021, 12:05 PM
People seriously need to stop sleeping on Loopring. They have a PATENT on decentrali
<!-- SC_OFF --><div class="md"><p>Check out the patent for yourself.</p> <p><a href="https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring">https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring</a></p> <p>Methods for preventing front running in digital asset transactions</p> <p>Abstract:</p> <p>"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key."</p> <p>Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. </p> <p>Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US.</p> <p>Edit* This is open sourced and on Ethereum so no centralization!</p> <p>Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups.</p> <p>Loopring is working on a zkEVM (Ethereum Virtual Machine)!</p> <p>zkRollup allows for secure transactions with ZERO fees within L2.</p> <p>Relevant loopring tweets:</p> <p><a href="https://twitter.com/loopringorg/status/1446584595017830408?t=QwSJUoA4VHecj3y6iPse7Q&s=19">https://twitter.com/loopringorg/status/1446584595017830408?t=QwSJUoA4VHecj3y6iPse7Q&s=19</a></p> <p><a href="https://twitter.com/loopringorg/status/1445096081595981836?t=k02lvpDneBlfNF4clAMV0Q&s=19">https://twitter.com/loopringorg/status/1445096081595981836?t=k02lvpDneBlfNF4clAMV0Q&s=19</a></p> <p>Loopring dot org</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/stepwn"> /u/stepwn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qjec02/people_seriously_need_to_stop_sleeping_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qjec02/people_seriously_need_to_stop_sleeping_on/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Check out the patent for yourself.</p> <p><a href="https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring">https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring</a></p> <p>Methods for preventing front running in digital asset transactions</p> <p>Abstract:</p> <p>"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key."</p> <p>Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. </p> <p>Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US.</p> <p>Edit* This is open sourced and on Ethereum so no centralization!</p> <p>Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups.</p> <p>Loopring is working on a zkEVM (Ethereum Virtual Machine)!</p> <p>zkRollup allows for secure transactions with ZERO fees within L2.</p> <p>Relevant loopring tweets:</p> <p><a href="https://twitter.com/loopringorg/status/1446584595017830408?t=QwSJUoA4VHecj3y6iPse7Q&s=19">https://twitter.com/loopringorg/status/1446584595017830408?t=QwSJUoA4VHecj3y6iPse7Q&s=19</a></p> <p><a href="https://twitter.com/loopringorg/status/1445096081595981836?t=k02lvpDneBlfNF4clAMV0Q&s=19">https://twitter.com/loopringorg/status/1445096081595981836?t=k02lvpDneBlfNF4clAMV0Q&s=19</a></p> <p>Loopring dot org</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/stepwn"> /u/stepwn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qjec02/people_seriously_need_to_stop_sleeping_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qjec02/people_seriously_need_to_stop_sleeping_on/">[comments]</a></span>Kind Regards R