Loopring is a blockchain protocol for Etherium Layer-2, built using zk-rollup. In other words, the company has come up with a system to reduce the commission, accelerate Etherium transactions. Advantages of the protocol: security, low fees for transfers, speed, commission for transfers inside Loopring (Ethereum Layer-2) is less than $1, almost instant transactions.

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Loopring

Happy New Year to the entire #Ethereum ecosystem and all of our amazing L2 Loopers🥳

Here's to an amazing #L223 🥂 - lets unleash the power of Ethereum's second layer💙 https://t.co/UsjDb13dCN

Happy New Year to the entire #Ethereum ecosystem and all of our amazing L2 Loopers.