KCN UPGRADE DECENTRALIZED EXCHANGE
KCN UPGRADE DECENTRALIZED EXCHANGE
The Loopring command – protocol for decentralized tokens exchanges are developing a new version of the Loopring Protocol 3.0. Which will greatly increase the throughput and reduce the cost per settlement. The official release of the community says: “We have started work on the beta3 release of protocol 3. beta3 will contain a number of changes that will greatly improve the protocol’s throughput and lower the cost per trade. We switched to a much more SNARK friendly hash function called Poseidon. We can now also verify multiple proofs of the same circuit together on-chain which reduces the average cost of verifying proofs. beta3 has just started development but the preliminary results are very promising: throughput with data-availability has increased from 200 trades/second to 290 trades/second; throughput without data-availability has improved from 660 trades/second to 5200 trades/second.” See how the world of the blockchain is changing with us. The news release partner STEX.com.
