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.

What Is Loopring | Detailed Review

5 Feb 2024 2 minute read 2 comments Guarda Wallet

What Is Loopring? Loopring (LRC) is a protocol designed to enhance the efficiency and scalability of decentralized exchanges (DEX) through the use of a cutting-edge scalability solution known as zkRollups, or Zero-Knowledge Rollups. This technology a...

Loopring Is Now a L3 on Taiko..... WTF Does All that Mean?!

5 Jul 2023 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Best Loopring Wallet - Top Loopring (LRC) Wallets 2023

3 May 2023 9 minute read 0 comments CryptoDisrupt.com

Loopring (LRC) has recently created quite a stir in the market. Hold your grudges because today we are going to give you an extensive list of top Loopring wallets that are worth to try in 2023. Because of the benefits their community is providing and...

TOP 5 Zero Knowledge (ZK) Coins And Tokens

26 Apr 2023 3 minute read 14 comments Cryptonator`s

Everyone is talking about Zero Knowledge Protocols but what are they? Let me explain before we dive deeper into the TOP 5 Zero Knowledge (ZK) coins and tokens by the current market capitalization.   What is Zero Knowledge (ZK)? Sometimes when I read...

LRC Staking Has Been Added To The Loopring Earn Features

30 Mar 2023 2 minute read 14 comments Cryptonator`s

Recently, I published an article about Loopring Earn, an Ethereum Layer-2 that gives you all the tools to become your own bank. If you missed it, you can still read my article about Loopring Earn here. With $LRC staking another long-awaited feature g...

Say Goodbye To Centralized Finance And Become Your Own Bank With Loopring Earn

29 Jan 2023 3 minute read 15 comments Cryptonator`s

The bear market events from 2022 have changed the crypto space in many different ways. One of the biggest changes is that more and more users who only used centralized solutions to generate yield on their crypto holdings before are now switching to d...

Truly Understanding Ethereum's Zk-Rollup Loopring and Its Novel DEX

18 Jan 2023 7 minute read 6 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Interacting With Decentralized Finance Protocols Can Be Extremely Beneficial. Here Is Why.

13 Dec 2022 2 minute read 40 comments Cryptonator`s

There are different kinds of airdrops. On one side, there are those airdrops that I consider worthless and simply a waste of time like the ones from CoinMarketCap. To be honest, the airdrops from CoinMarketCap are more like bounties than airdrops. Yo...

TOP 3 Ways to Stake Ethereum 2.0

28 Sep 2022 2 minute read 6 comments Cryptonator`s

With the recent transition to Proof of Stake, there is now the opportunity to stake your Ethereum. While becoming a validator is quite complicated, it is quite easy to delegate your Ethereum to a validator to earn staking rewards.  Here are the TOP 3...

Loopring's Smart wallet - the future is here.

18 Sep 2022 8 minute read 7 comments Destiny_

"Not your keys, not your coins" is a phrase which has proved to be true so many times (coughs Celsius). Holding your coins over a centralized exchange defeats the whole purpose of having decentralized blockchain in the first place. To be the owner of...