Loopring is a flexible layer-2 scalability solution for basic value transactions as well as a variety of exchanges such as order book and Automated Market Maker (AMM). This system uses advanced cryptography in the form of a limited one-way homomorphic encryption using bilinear pairings, popularized in the implementation of the
Since 2015, Least Authority has been working with zero-knowledge proofs (ZKPs) to further enable privacy, improve security, and encourage the implementation of zero-knowledge proofs in Web3 technologies and beyond. Although Zcash spun out of Least Authority with the Electric Coin Company in 2016, we continued to work on zero-knowledge
The DeGate Order Book system is an ERC-20 token exchange platform, which forks from Loopring V3 that uses ZK Rollups to significantly increase transaction throughput and reduce transaction costs. For this audit, we reviewed audit the smart contracts component of the DeGate system. Our final audit report was completed on
For this audit, we reviewed the zk-SNARK circuit component of the DeGate system. Aswith Loopring 3.6, DeGate utilizes a zk-SNARK to off-load large parts of the computation off-chain. Our final audit report was completed on May 6, 2022. To read the full report, including our findings, click here: Report
2021 seems to be the year that we all accepted the term “Web3” as the way to refer to the collective movements of decentralizing infrastructure and empowering users to be in control. It means the next generation of the Internet and beyond, which includes the tokenization of things for digital