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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.
20 Oct 2020 2 minute read 0 comments The Very Confused Martin Babalor
Good news for you lucky people that made thousand $ in Loopring here on Publish0x ;) Despite struggling lately on the market, with the price slowly decreasing, the DeFi project is healthy and developing good partnership in the crypto world. Eidoo Car...
16 Oct 2020 2 minute read 8 comments Sapphire Crypto
A Good Place To Seek Out Potential Investment Opportunities If you have been in the Crypto space a while, you will probably understand the dynamic of getting into new movements and growth sectors early on before the explosion hits. This is a dynamic...
11 Oct 2020 1 minute read 0 comments zpaul_2020blu
Yea I know in advance this is going to be a rant of shaking my fist at the air and hoping it'll rain coin. Gotta be honest, Loopring was the least exciting coin you could get tipped with on the platform. Concept of the token is amazing! Why do we tru...
7 Oct 2020 1 minute read 16 comments Sergei Nemetz
I only met Loopring via publish0x - as a tipping token. As I read daily and write weekly, at times I will go to the publish0x panel and look up the dislikes&likes, the responses, and token balances. While the balances go up, their USD equivalents ten...
3 Oct 2020 4 minute read 38 comments Thomas Wolf
I am pleased to find that Coinbase has launched Loopring (LRC) support in my absence, along with Uniswap (UNI) and a few others.This is an exciting development for me because I understand Coinbase's ERC-20 support and you can send LRC directly to you...
1 Oct 2020 6 minute read 23 comments MoreGainStrategies
Hello good people of Publish0x, I write this post to remind you that the monthly payday is coming up very soon. On October, 5th all requested payouts are processed. I discuss when to request the payout(s) and I give you instructions on how to do it....
1 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan
Decentralized stablecoin platform MakerDAO (MKR) on September 30 added support for Chainlink (LINK), Compound (COMP) and Loopring (LRC) to act as collateral to generate DAI. LINK, COMP and LRC can now be used as collateral in Maker Vaults The govern...
28 Sep 2020 1 minute read 2 comments alberdioni8406
Cryptocurrency platforms where content creators meet together to share amazing and exclusive articles covering all incidents happening on crypto field and not only, just can be found at Publish0x! That is an reality, Publish0x is the best blogging pl...
26 Sep 2020 1 minute read 1 comment MadMaxx
Hello and welcome to another article! I was thinking earlier today about what ETH 2.0 will fix for the network. Having found out a few issues that ETH 2.0 has planned on fixing, it occured to me that most of those features are already on LRC. But con...
21 Sep 2020 1 minute read 7 comments Diabeeton
Hey guys hope we are all well. Today I wont be telling you anything about crypto more asking a question for the distribution of crypto on publisher. I have been using this website not too long. But enough to see a difference in earnings when it comes...
