Security Audit

We have decided to work with SECBIT as our auditing partner. SECBIT has audited the Loopring protocol 2.0 and has demonstrated extensive knowledge and experience in the applications of Zero-Knowledge Proofs — they recently published a data exchange protocol built on top of ZKP called zkPoD. We firmly believe their careful examination of our codebase, including Loopring’s smart contracts and ZKP circuits, as well as the depending libraries and research papers that we use, will not only help us identify potential security risks, but will also offer us options for further improving our protocol design and optimizing our implementations.

The security audit has already started and is expected to take two to three months to complete. We shall share the final audit report with our community and follow up with a new beta release to incorporate all bug fixes and optimizations.

Going forward, we may work with additional third parties to perform more rounds of auditing for the protocol.

About SECBIT

SECBIT Labs aims to help users build secure, trustworthy, and healthy blockchain Apps. Security threats in the age of blockchain are quite different from the past since the design, protocols, and codes are entirely exposed to the public. The members of SECBIT Labs are skilled at blockchain architecture, cryptography, formal verification, program analysis, etc. They work together to conduct research and develop new tools to solve security issues in the blockchain ecosystem.

SECBIT Labs provides services of code auditing and technological consulting for blockchain teams and DApp developers, and explores the applications of formal methods and cryptography. SECBIT Labs have been sharing many results and tools on Github, contributing new ideas and experiences regularly to the community.