Loopring (LRC)

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Loopring (LRC), which conducted its ICO in August 2017,  is a token whose purpose is to support the Loopring decentralized exchange protocol. With the tagline “the new crypto trading standard”, Loopring is attempting to do what all decentralized exchanges are focused on: giving users total control of their assets, with an additional focus on improving liquidity and tremendously lowering fees. 

Decentralized exchanges (DEX) are a major trend in the market currently, with multiple exchanges either researching or launching decentralized versions of their respective exchanges. With the number of hacks that have occurred since the bull run of 2017, several projects have expedited their research into decentralized exchanges.

The true distinction of Loopring’s protocol, however, is that anyone can build a DEX using its open source protocol. Such a development, where DEXs are built on the Loopring protocol, would mean a shared network that greatly increases liquidity. The protocol is also blockchain agnostic, which means it can be deployed on any blockchain so long as it possesses smart contract capability.

The Loopring team has stated that their two major focuses of 2019 will be innovation and focus, with the former implying advancements in the blockchain tech, such as new research that may optimize the Loopring protocol. Focus refers to the development and improvement of current goals, features and strategic projects.

Currently, the team is working on version 3 of Loopring, which would bring about such changes as orders being matched off-chain but settled on-chain. Additionally, they are exploring new trading models and deploying Loopring 2.0 to the Loopring Chain, an application specific sidechain used exclusively for Loopring protocol orders.

Loopring also has two tokens on other chains; the first one being LRC (Ethereum), but also LRN (NEO), and LRQ (Qtum). You can enable trades on each of them without the need to lock down your cryptocurrency balances.

In this tag, read Loopring (LRC) news, price predictions, opinions and analyses created by users.

Will Chainlink put Loopring (LRC) in the spotlight?

6 days ago 1 minute read kevW!ls0n $5.44 tipped

So 2020 has not been like 2017 where the market around this time was manic and the craze was really starting to boil over. It’s more mellow now but I think there’s even more to be optimistic about now, with the hype kind of settling.  The market’s st...

Vitalik: Ethereum With Loopring's Tech Will Be a Massive Success

2 weeks ago 1 minute read kevW!ls0n $7.93 tipped

Ethereum co-founder Vitalik Buterin has some positive things to say about Loopring, the zero-knowledge proof protocol that offers high throughput, security through its non-custodial protocol and lower transaction costs. Ethereum, despite having come...

How Dolomite Solved the DEX Onboarding Problem

24 Oct 2019 1 minute read Dolomite $1.69 tipped

Current solutions limit adoption Private keys, MetaMask, wrapping ETH, approving tokens, unwrapping ETH, ETH gas fees — trading crypto from your wallet can be quite a handful for anyone not in the decentralized finance (DeFi) space, and it’s limiting...

The Best Exchange For Trading Loopring’s Token LRC

24 Oct 2019 2 minute read Dolomite $1.78 tipped

What is Loopring? Loopring is an open protocol for scalable, non-custodial exchanges being built on Ethereum to power the next generation of decentralized exchanges. Loopring allows anyone to build high-throughput, non-custodial, orderbook-based dece...

Crypto Protocols Aren't Sexy Yet, But Will Cause The Next Crypto Boom

2 Oct 2019 8 minute read Jeremy Wall $5.98 tipped

In the Fat Protocols thesis written by Joel Monegro in 2016, he predicted that where value is captured with blockchain, it will be the opposite to that of the internet. Explaining, he said the foundation of the internet – the shared protocols in whic...

Game of DEX Protocol - Who's Gonna Win & Where To Be Invested?

25 Sep 2019 8 minute read Jeremy Wall $7.09 tipped

Anyone who’s taken the time to delve into this crazy world of crypto knows how expansive and revolutionary this industry is and it’s crazy to think of how far it has come. It all started in 2009 with the launch of Bitcoin as peer-to-peer electronic c...

Can You Predict Price Increase By Looking At Project's Developer Activity?

16 Sep 2019 2 minute read CryptoChartWizard91 $5.19 tipped

I have always wondered how much development activity can influence the price of a cryptocurrency. Surely if there is strong development activity within a project this should translate into that project having an increased level of confidence - simply...

Loopring Bi-Weekly Update — 08/18/2019

19 Aug 2019 2 minute read Loopring $1.35 tipped

Loopring v3 beta3 has been deployed on Ethereum mainnet. We have made another 15% TPS improvements from the last update and we expect the throughput without data availability to break 10,000 TPS after Istanbul fork. The v3 smart contract & ZKP circui...

Loopring's Developer Activity Reached 2019 ATH's - A Positive Sign That Most Investors Miss

16 Aug 2019 1 minute read CryptoChartWizard91 $4.54 tipped

I’ve been exploring some new tools to help with my analysis and I stumbled across the metrics provided by Santiment which are pretty interesting! Although I’m a technical heavy-based type of trader, I do love to look for other metrics to help reinfor...

Top 5 Potential Moonshots

12 Aug 2019 6 minute read paulOf91 $5.55 tipped

With altcoins struggling it is safe to say that Bitcoin is the only space-bound project that is on a bull run at this moment in time. However, we must never forget that the altcoin industry is still far from defeated as the development teams behind m...