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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.
16 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan
The Loopring (LRC) team announced on Dec. 15 that it would shut down the Loopring Exchange V1 and its relayer service in 2021. The exchange has already released Loopring Exchange V2 along with its Loopring 3.6 protocol upgrade. Deposits, transfers a...
12 Dec 2020 2 minute read 12 comments paragism
Cover Image Source Ethereum’s TPS has improved significantly in the recent time but still, it’s not equipped to handle high traffic. Ethereum 2.0 is going to address a lot of issues regarding the base layer scalability but we need to wait for a long...
8 Dec 2020 1 minute read 3 comments rah
I am sure it is a coincidence and I am certainly not criticising, but a couple of things went amiss over the last 24 hours. From time to times things go wrong. Murphy's Law (also known as Sod's Law in the UK) states with Newtonian precision If somet...
6 Dec 2020 5 minute read 6 comments 0xJonnyDee
Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I li...
4 Dec 2020 5 minute read 0 comments DrBreakThru
On December 2, 2020, Loopring (LRC) – a zkRollup-powered decentralized exchange and payment protocol – launched its AMM based on their improved Ethereum zkRollup implementation Loopring 3.6. The launch of Loopring’s layer 2 Automated Market Maker (A...
3 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan
The Loopring (LRC) project announced the launch of its zkRollup AMM on Loopring 3.6, according to a blog post published on Dec. 2. Loopring has launched its Ethereum zkRollup implementation on Loopring 3.6, bringing instant and gas-free transactions...
2 Dec 2020 5 minute read 21 comments yourmitchy
You know “the Coinbase Effect” right? It’s when a coin gets listed on Coinbase and the price immediately surges up. It doesn’t matter what coin gets listed, there’s no apparent trend, but when Coinbase supports a new coin, it goes up in a big way. T...
1 Dec 2020 1 minute read 14 comments Abhimanyu Krishnan
The Loopring (LRC) project is running a mining incentive campaign from Nov. 27 to Dec. 26, in a bid to attract users to its newly launched Loopring Wallet beta. Called withdrawal mining, Loopring will distribute a total of 1 million LRC, worth about...
30 Nov 2020 2 minute read 2 comments qsyal
Hey folks,I'm back with the second part of my review on Loopring project. If you missed the first one, I recommend you to check it out from here.Today's post will more practical, I'm going to talk about one of the most interesting products Loopring p...
![How to execute a FREE transaction on the Ethereum blockchain [Loopring review Part2]](https://cdn.publish0x.com/prod/fs/cachedimages/3944599368-b28d684d6e0c6a6ae14e332ed6bc8485143403d3090f06803800cb367903b462.png)
30 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan
On Nov. 25, the Loopring (LRC) announced the release of a beta version of the Loopring Wallet, an Ethereum smart wallet with the zkRollup scaling solution built in. The Loopring wallet lets users transfer funds for free and instantly to other users...
