Sirwin
Sirwin

What is Loopring

By giada | CRYPTO INVESTMENTS | 24 Apr 2020


Loop: what it is Loopring is the cryptocurrency born in August 2017 and part of the decentralized exchange of the same name. LRC is an Erc20 smart contract like many other cryptocurrencies, such as Eos, Binance, Qtum, OmiseGo, Golem, Augur and Dragonchain, for which it is possible to purchase in all Ethereum compatible wallets.

 

The Loopring protocol facilitates the exchange of Erc20 tokens that are beneficial to both the buyer and the seller by minimizing commissions. It then connects all those decentralized apps that incorporate exchange functions. Loopring (LRC symbol) is currently in 59th place in the cryptocurrency ranking by market capitalization. To date 17 January 2018, the market capitalization reaches approximately 430 million dollars and the price is equal to 0.76 $ (source: coinmarketcap).

813c0edb5b23366287bdebb0e0da64916e5c64fed12897260441d8741fe2155b.jpeg

Loopring: how it works Loopring is a token based on the Proof-Of-Stake algorithm, which means that it cannot be mined but has already been issued in the total quantity 1.3 billion LRC. Loopring protects its users from threats such as DDoS attacks or centralized exchange failure because LRC tokens remain tied to their addresses on the blockchain, even during transactions. The purpose of Loopring is therefore to compare the prices of the various exchanges and report the best exchange solution. The protocol is made up of several Ethereum smart contracts, including the mix-matched contract, order contract, registration contract and stats contract. Loopring: quotation in euros, capitalization and trading volume in real time

05cdee6a248b3b298648cae8a974e9b1217eab00623fc70d486818858f10fd8b.jpeg

Buy Loopring by credit card or bank transfer Now we will reveal all the steps to buy Loopring safely and legally. The starting point is always the purchase of Ethereum on the Coinbase website, where you can pay either by VISA or Mastercard credit card, or by bank transfer. Then you will have to register for one of the few exchanges that currently deals with Loopring, that is Binance, and exchange the Ether with Loopring. The latter can then be safely stored in a bitcoin key such as the Trezor.

How do you rate this article?

1



CRYPTO INVESTMENTS
CRYPTO INVESTMENTS

CRYPTO INVESTMENS, FAQ, CURIOSITY, ENVIRONMENTS, POSSIBILITY OF INVESTMENTS, RISKS AND EFFECTS, HOW TO NAVIGATE IN THIS NEW MARKET, IS STILL A NEW MARKET? iS IT CONVENIENTE? wHO CAN EFFORT TO INVESTE IN THIS WORLD? ALL PEOPLE ORA JUST THE EXPERTIZE PEOPLE? HOW TO DO IT? WHY TO DO IT?

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.