“ China should accelerate the development of blockchain technology as the core for innovation.” Said by President of the People’s Republic of China, Xi Jinping
Speaking as part of the 18th collective study of the Political Bureau of the Central Committee on Thursday in Beijing, Xi said blockchain technology has a wide array of applications within China, listing topics ranging from financing businesses to mass transit and poverty alleviation.
There are already whispers in the business corridors of how blockchain technology has the potential to disrupt the existing models. The blockchain has to be initiated with an objective to drive operational efficiencies. If properly implemented, the blockchain technology has undoubtedly wider implications.
China CCTV，the predominant state television broadcaster in Mainland China，conducted an interview with Loopring CEO in the early days. Daniel Wang shared his views on the concept and trends of the blockchain technology, and features and advantages of the Loopring Protocol and DEX in general. And here is the video of Daniel on CCTV.
Loopring is an open protocol for scalable, non-custodial exchanges being built on Ethereum to power the next generation of decentralized exchanges. Loopring allows anyone to build high-throughput, low-cost, non-custodial, orderbook-based decentralized exchanges on Ethereum by leveraging Zero-Knowledge Proofs. By leveraging Zero-Knowledge Proofs Loopring version 3 will be able to settle an incredible 350 trades per second (1400 tps after Istanbul) at a cost of as low as $0.0021 per trade while guaranteeing the same level of security. Using the blockchain technology is offering unprecedented speed and low cost.
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