Tech Talks of Loopring, Harmony, Decentraland.
In most going on tech talks, trends of technology are never-ending discussions. As tech keeps evolving, tech talks keep evolving. Also as and when we move towards the words of bankless life, making all operations decentralized turn more interesting. Looks like the surge in payments innovation and widespread consumer adoption of next-generation payment methods is leading to a payments ecosystem that is completely independent.
Loopring and the talks :
Loopring is an open-sourced, audited, and non-custodial exchange and payment protocol. Nobody in the LRC ecosystem needs to trust others. zkRollup assures assets are always under users’ control. It performs most operations, including trade and transfer settlement, of the Ethereum blockchain. Also, dramatically reduces gas consumption and overall transaction cost to small fractions of the comparable on-chain cost.
The platform has its native token called LRC which was launched in August 2017. The protocol could be utilized to pay fees on Loopring L2. In addition, the platform possesses its wallet with layer 2 scaling to enable a safe, intuitive, effective Ethereum experience in your pocket.
The central idea behind the platform is to merge elements of decentralized and centralized crypto exchanges. To produce a token that will enable distinct benefits by eliminating the existing inefficiencies. Through supervising sell and buy orders in a centralized way yet fixing the trades on a blockchain, and merging up to 16 orders into circular trades in contrast against enabling one versus one trading pairs.
Before the launch of Loopring, Daniel Wang accumulated knowledge in multiple managerial and chief executive positions in reputed tech firms.
The technology behind Harmony :
Harmony is the next-generation sharding-based blockchain protocol built to allow the creation and use of DeFi apps. The network is fully secure, scalable, and it intends to innovate the way dAppappsk by allowing the creation of blocks in seconds.
The platform utilizes Effective Proof-of-Stake (EPoS) consensus mechanism, the method enables staking from hundreds of validators at the same time. Moreover, the network allows cross-shard transactions enabling shards to contact directly with each other.
Harmony is a fast and open blockchain for dApps has its native token ONE. The protocol is utilized for staking, to pay transaction fees, storage, and gas fees.
Decentraland, The next generation blockchain :
Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables its users to purchase land which can be later built and monetized. It is called the first virtual platform which is completely owned and managed by the users. The protocol has three layers namely the Consensus layer, Land Content layer, and Real-time layer.
Interestingly, Decentraland uses two tokens MANA and one more is LAND. MANA is an ERC-20 token that runs on Ethereum. The token can be utilized to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.
Decentraland’s main aim is to help content creators, individuals, and businesses that are looking for a new artistic medium or to provide a platform for new business opportunities.
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