BTC Price Prediction (June 23):
Warning: BTC about to crash down to $60k. Get Ready!
Bitcoin bulls are doomed! Watch This Bearish Pattern in play.
Read the full TA on #Bitcoin ππ
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3/3 Loopring raised $45M in a 2017 ICO offering. But now is shutting down
The team cited the key reasons for the DEX closure:
- its failure to gain meaningful adoption.
- being technologically surpassed by modern zkEVM solutions with fully EVM-compatible networks like zkSync
RECENT: Ethereum's first zk-rollup closes DEX, citing lack of adoption
Ethereum's first zero-knowledge rollup, Loopring, announced Sunday of the closure of its decentralized exchange and automated market maker, ending all trading services.
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2/3 Loopring was the first protocol to successfully implement Zero-knowledge rollup technology on Ethereum
Demonstrating that thousands of requests can be processed off-chain and batched together into a single, verifiably cryptographic proof.
This milestone reduced gas fees.
@JohnnyX218@WhaleInsider ECB dumping Ethereum blockchain for a copy of XRPL only proves my point.
Ripple has been backhanding the whole crypto community from day one.
Ethereum already backed that deal. But here we are with XRPL finding a way in between π€
@JohnnyX218@WhaleInsider XRP will collapse long before Ethereum goes under.
The EU plans to adopt the Ethereum blockchain for their digital money. That in itself means long term survival and acceptance. Thatβs a win
@JohnnyX218@WhaleInsider Lubinβs lobbying isn't why ETH is treated differently; the actual token economics are. Ethereum had a one-time crowd sale in 2014 and then completely shifted to decentralized issuance
Ripple on the other hand operated like a traditional company selling unregistered stock