[Press Release] Road Printing Agreement Project Progress Report (Issue 56)

We built WeDex's first high-performance decentralized exchange based on the Luprinting Protocol 3.0 on Ethereum, and began providing beta testing based on real assets for WeDex in conjunction with the Optical Cone Relay.

R & D

Contract research and development

We registered the first DEX contract for WeDex based on the Luprint Protocol 3.0:

0x7d3d221a8d8abd868e8e88811ffaf033e68e108

Through this contract, you can view WeDex user registration, deposit, and withdrawal transfer records, and you can also discover the ones unique to the Luprinting AgreementcommitBlock和veirfyBlockDeals. As far as we know,

0x7d3d221a8d8abd868e8e88811ffaf033e68e108 

It should be the first high-throughput decentralized exchange since the launch of Ethereum.

In the future, we will help WeDex complete the full DEX lifecycle testing, including actively stopping the DEX service into “shutdown mode” and entering “withdrawal mode” in deliberate violation of agreement rules, etc., to ensure that in simulated situations where WeDex does not participate in any way, the Luprint agreement can ensure that every user can take back their assets.

Product research and development

We have completed the contract development work for the Luyin Smart Wallet “package”. Starting next week, we'll begin unit testing the contract. Our goal is to complete unit testing by the end of February next year.

We have planned and divided the labor for the development of “co-contracted” mobile apps, and will begin mobile app development in January next year. At the same time, the web version of the “co-packaged” exchange has also been designed and is under iterative development.

Light cone relay

We helped WeDex complete the main network protocol and optical cone relay access work, and began the first internal round this weekend. Currently, the product still has many problems, but the core trading function is performing very well. While WeDex continues to improve the user experience, Luyin will also continue to follow up on relay optimization.

The optical cone relay also completed several rounds of relatively detailed continuous pressure tests. Each time, 30 TPS lasted about 10 hours, fixing the functional and performance issues discovered during the pressure testing process. Currently, it has entered a relatively stable state, and has the ability to launch on a small scale. At the same time, we have also improved our monitoring and alarm capabilities, adjusted alarm rules, and pursued a balance between accuracy and recall rate in order to detect and resolve online issues in a more timely manner.

We have also formulated specific research and development plans for optical cone relays for the first half of 2020. We hope to complete most of the optical cone research and development work in the first half of 2020.

Market operation

• On December 3, Luyin and Guarda wallets were jointly launchedBounty bounty eventIt aims to promote Road Printing Protocol 3.0, DEX scaling technology, and zkRollup.

• On December 4, Road Printing opens”Unmanaged ultimate test”, We explained how to keep users' assets safe in the worst case scenario.

• On December 5, we released the Luprint Protocol 3.0-beta4 to the Ethereum mainnet and disclosed the relevant configuration.

• On December 8, Luyin CMO Zhou Jie participated in the Daofest event in Shanghai and shared Luyin's understanding and plans for decentralized governance.

• December 9, road printThe LRC pledge gold window period has been opened. Until February 2020, LRC holders can first stake LRC with the Luyin Foundation to earn more points and receive more LRC staking rewards in the future.

• On December 12, Luyin CMO Zhou Jie attended the 2019 Shanghai Fintech Summit.

• On December 14, Luyin CTO Guo Xionghui attended the Shanghai Blockchain Conference to share the latest ZKRollup progress.

• On December 14, Luyin CMO Zhou Jie attended the Shanghai Entrepreneurial Leadership Summit and discussed future trends in blockchain technology with other participants.

• On December 17, Road Print released2020 R&D Roadmap, detailing our R&D plan for 2020.

• On December 19, the Luyin team organized a team building event in Shanghai. We talked freely about Luyin's future plans for 2020 and were full of confidence.

• On December 21, WeDex became the first decentralized exchange on Luyin Protocol 3.0 and began an invitation-based public beta.

For more updates on the Road Printing Agreement, please visit our community account:
Twitter:Twitter/loopringorg
Reddit:reddit.jp/r/loopringorg
Telegram:t.me/loopringfans(Chinese)
Weibo:https://weibo.com/loopringfoundation
Luyin WeChat Official Account: Luyin Loopring