28 May 2018

Announcement – Loopring’s Bi-Weekly Progress Report Has Been Released!


Loopring has just recently released their bi-weekly progress report. The report as usual gives an insight into their activities in the past two weeks including a progress report on the development of their New Website, Wallets, Relay Cluster and Protocol. It also highlights organised events that were attended by key members of Loopring a fortnight ago.

Loopring’s bi-weekly progress report showed that they had taken significant strides in their development of their distributed version of their relayer backend network as well as their Circulr wallet. Check out the summary of Loopring’s bi-weekly progress report in this article.


Progress Report On Protocol Development

Loopring stated that on the Ethereum blockchain they had finished refactoring every necessary protocol test. At the moment the protocol tests are configured with ring or raw transaction data or with a structured order data.

The ring data also provides a much simpler method for uncovering the reasons behind the failures some of the ring transitions experienced during production. Loopring also stated that by conducting even more tests they have seen massive improvements in their test coverage.

It was also stated in the bi-weekly progress report that the execution of the JavaScript reference under the Loopring protocol which is also currently utilised by their testing framework will be made available for use by developers of both the DEX and the wallet as a ring-matching simulation utility that is based on the web.

For the NEO blockchain, Loopring performed a check on the reported Storage Injection bug present in NEO smart contracts. Loopring confirmed that it’s LRN token smart contract on the NEO blockchain is secure and completely unaffected by the bug issue.

Progress Report On The Relay Cluster

Loopring has finished the coding of the Relay Cluster which is the distributed version of its relay system. The Relay Cluster has no recognised failure point, it is much more responsive and has a quicker socket data streaming capability. The different parts of the Relay Cluster according to Loopring will be extensively tested within the next two weeks.
It must be said that their Relay Cluster comes with several RPC services with quite a few of these RPC services being independent git repositories like the extractor and miner. Loopring further informed that for the Relay Cluster to be more dynamic and top performing they will have to carry out extensive development, tests and detailed documentation.  


Report On Wallet Development

Loopring had pushed more than 400 git commits to its frontend web based projects like the Loopr, Circulr and loopring.js. For the loopring.js the following have been achieved;

  • Loopring had discovered a fresh means of supporting the decoding of both transaction inputs as well as outputs. They also found a more efficient means of conducting ABI encoding.
  • Loopring provided support to WebSocket.
  • They provided enhanced support to Ledger, TREZOR and MetaMask.
  • Loopring provided standard documentation.

Loopring has made significant progress in their iOS app and this is reflected in the following functions and features that are highlighted below;

  • Improvements in the way orders are submitted and cancelled.
  • Optimization of the price of GAS during the sending of tokens.
  • The integer overflow is handled with the use of GethBigInt.
  • Loopring provided support for the zoom mode. The zoom mode utilises several updates of the UI layout.
  • There is now an order book located in the market detail viewing section.
  • Several components of the UI have been updated and this includes the text field validation, numeric keyboard and circle chart.
  • In the third quarter of 2018, Loopring will place more emphasis on the development of applications and web-wallets will be prioritised.


Loopring’s New Website Progress Report

Loopring has developed and launched a brand new website, but the developer portal is still under construction. However, Loopring stated that the portal will soon be made available. You can check out the new website here.

Report On Marketing And Operations

  • On the 16th of May, 2018 LRC/KRW trading pair were listed on both Bithumbpro and Bithumb.
  • The CEO of Loopring Mr. Daniel Wang attended the Consensus in New York on the 17th of May, 2018.
  • On the 18th of May, 2018 the CEO delivered a keynote speech at the Fordham University in New York City.
  • An open source library known as Messari Research included the Loopring Protocol in their profile on the 19th of May, 2018.
  • There were two meetings held in Shanghai and Hangzhou by Johnston Chen the COO of Loopring with Vite and ARP teams on the 20th of May, 2018.
  • On the 21st of May, 2018 Loopring were in South Korea where a DEX and blockchain workshop was delivered at the Yonsei University in Seoul by Jay Zhou the CMO of Loopring.
  • A partnership was established with Trueblocks in order to provide both DEX and blockchain technology to the South Korean community on the 22nd of May, 2018.
  • On the 24th of May, 2018 the first Seoul meetup of Loopring Protocol took place at Gangnam, Seoul.
  • Jay Zhou the CMO of Loopring introduced Loopring Protocol at the Yunqi2050 conference that was held on the 26th of May, 2018 at Hangzhou. At the event he met with youths from more than 100 countries from around the world and he gave an insight into what Loopring has in store for them.
  • On the 27th of May, 2018 the COO of Loopring – Johnston Chen paid a visit to Jinan and Zhengzhou in China. During the visit to these two large cities he informed attendees on the present development status of the Relay Cluster, Protocol and Wallets.
  • The Loopring team on the 27th of May, 2018 were present at a blockchain related seminar with a main theme based on regulation and policy.

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