![]() This is made possible by using a construction called zkRollup and a feature called On-Chain Data Availability or OCDA. The protocol can regulate up to 2,025 exchanges per second ensuring the same level of security as the underlying Ethereum blockchain. ![]() Its strengths are safety and performance. This project is undoubtedly one of the best solutions for Ethereum’s scalability problems. Loopring Pay allows you to send ETH and ERC20 tokens instantly and free of charge, saving the data on-chain but leaving the computation of the transaction off-chain using the ZeroProof-Knowledge algorithm for confirmation. While we’re not talking directly about DeFi, this platform positions itself in the payment systems where we find, for example, the Lightning Network (Bitcoin). Loopring Pay is a layer-2 platform on Ethereum for solving cryptocurrency scalability problems. Other supported coins are Bitcoin Cash and ZCash, making this project a bridge between different Blockchains. This platform is proposed as an alternative to more centralized projects such as WBTC and is emerging as one of the most interesting sectors of DeFi. In this way, the token can be used within the Ethereum ecosystem and once finished, just redeem to receive your bitcoins in exchange (depending on the current exchange rate). Through the renVM (Virtual Machine) users can create renBTC which are 1: 1 based on the actual bitcoin: the user sends his BTC to a specific address and receives in exchange a newly minted token with the same face value. These tokens can then be used in DeFi projects, using for example a DEX for liquidity such as UniSwap. RenBTC is a platform to tokenize Bitcoins on top of Ethereum by creating fungible ERC20 tokens. Let’s find out the most promising projects in this ecosystem, analyzing the 10 most interesting platforms and protocols: renBTC We are only at the beginning of a path that wants to revolutionize the foundations of finance as we know it. Think of Stable Coins, Tokens, and DeFi: in half a decade the platform for the development of Smart Contract has expanded the concept of Blockchain and has given developers the possibility to create increasingly performing applications. The Ethereum ecosystem, which just turned 5 years old, has flourished in different directions, making possible projects that were unthinkable in the world of cryptocurrencies until a few years ago. Let’s analyze some of the most interesting projects in the DeFi sector and focus on some trends that are emerging in the cryptocurrency horizon.
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