Loopring Launches zkRollup-Based Smart Contract Wallet for Android Users

Loopring, a protocol for secure, scalable exchange and payment on Ethereum, is launching the beta version of a mobile smart contract Loopring wallet with baked-in zkRollup as per an update on Nov 24. It shall enable users to trade on the same order book present on the Loopring exchange only without the inconvenience of high transaction fees or delays.

Additionally, through the wallet, users can send funds through Loopring Pay for free. The work of relayers is to shift user funds to a smart contract for SNARK proof to be created for transaction verification in the base layer.

Timeline of Ethereum, Loopring