What is Loopring?
Loopring is an open protocol designed with the aim of building of decentralised crypto exchanges in mind. The protocol claims that it can execute up to 2,025 trades per second without compromising on security, made possible by using zero-knowledge rollups.
Loopring claims its platform allows exchanges to minimise the slow speeds and high costs associated with many decentralised exchanges on Ethereum, by implementing a new type of cryptography called zero-knowledge rollups, or zkRollups. With this, Loopring claims that they can perform over 2,000 trades per second.
The Loopring protocol was first deployed on the Ethereum mainnet in December 2019. It was founded by the current CEO of Loopring Foundation, Daniel Wang, who previously helmed multiple positions in major tech companies including JD.com and Google.
Loopring Token (LRC)
What is Gala Games?
Founded by Eric Schiermeyer, co-founder of Zygna, Gala Games aims to reintroduce creative thinking into games by giving players control of the games and assets with blockchain.
The company gives players the opportunity to shape and direct the game development process, by garnering feedback via their Discord channel.
Developing fun blockchain games
Gala Games’ mission is to make “blockchain games you’ll actually want to play.”
They offer several games from town simulation games similar to SimCity to fantasy role playing game (RPG) and sci-fi strategy games. To date, Gala Games has released one playable game – Town Star and an NFT collectible series – VOX.
Since it’s launch in 2019, it has grown to around 1.3 million monthly active users, and 26,000 NFTs have been sold.
GALA serves as a utility token used to purchase items in the game and can be earned from running a node. GALA hit its ATH of 0.8367 USD on Nov 26, 2021.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.