Loopring Appoints First-Ever CTO and Expands Team in China

Steve Guo joins Loopring as CTO and development team grows with new hires in China   Shanghai, China — 03 July, 2019 — Loopring, the open-source protocol for building decentralized exchanges (DEXs), has announced the strategic hiring and appointment of its first-ever Chief Technology Officer, Steve Guo. The team has also expanded further with two new full-time backend developers, Yue Wang and Sheng Chen, all of whom are based in Shanghai, China.    The new appointments come at a critical point of development for Loopring, as the company introduces its…

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Loopring Upgrades Token Contract To Enable Burn Rates and Enhance Fee Model Flexibility

Leading exchanges and wallet providers such as Binance and Bittrex have confirmed support for upgrade   Shanghai, China — Loopring, the open-source protocol for building decentralized exchanges, has announced an upgrade to its LRC token smart contract that will introduce burn rates and further its goal of enabling fee payment in any ERC20 token. The upgrade, which is scheduled for 00:00 to 24:00 Beijing time on May 8th, will enable the LRC smart contract to reflect reduced LRC supply in real-time as LRC tokens are burned by Loopring’s fee model.…

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What is Komodo – KMD?

  The Komodo blockchain platform uses Komodo’s open-source cryptocurrency (KMD) for doing transparent, anonymous, private, and fungible transactions. The foundational pillar of the Komodo ecosystem is security with privacy features built into the platform allowing the investor to trade and purchase goods and services within their right to privacy.   The Komodo transactions are ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol – dPoW is a consensus mechanism providing bitcoin security to all other dPoW chains.  Komodo was created from a Zcash fork (Zcash is a…

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Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

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