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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 Sep 2020 1 minute read 7 comments rah
Over the last few weeks Coinbase have added to their portfolio of carried currencies. Added currencies have included: Then at some point in the last few days, the following appeared: This has completed the Coinbase loop with all three tipping curre...
18 Sep 2020 2 minute read 0 comments Kamend1
I was slow to move when the whole DeFi craziness started and I sadly would like to report that I almost 100% missed on this. I already see a huge balloon and I am wondering when it will be ready to pop. I was preoccupied with the Bitcoin's mining has...
18 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan
Coinbase has listed DeFi governance token YFI and Loopring (LRC), according to an announcement made on September 17. The YFI and LRC tokens will be available on Coinbase’s retail platform, including the Android and iOS apps Tokens will be available...
18 Sep 2020 2 minute read 3 comments RFereru
In my interest to write about what I like or about what I am learning about the world of Blockchain and Cryptocurrencies, I began to use Medium as a basis for my publications. But a few days ago I discovered Publish0x. Publish0x is a platform where...
17 Sep 2020 1 minute read 0 comments Lucasgaio
It's official, the famous Exchange Coinbase has listed Loopring (LRC) and YFI. Starting today, traders and Publish0x users like us can buy or sell LRC. How many like me have accumulated and hodl Loopring, coming to have a modest amount? We have seen...
17 Sep 2020 8 minute read 9 comments yourmitchy
DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...
15 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan
Huobi has listed $LRC token of the decentralized exchange protocol project Loopring (LRC), according to an announcement published on September 15. Huobi will $LRC and $UMA at 14:00 on September 15 (GMT +8) As is always the case, deposits will be ope...
13 Sep 2020 1 minute read 6 comments alberdioni8406
I was just sitting on my room watching a very good movie when something in the move made me to get back in time, a scene with a man struggling to find a place to publish his work, at the time he got dismissed from his duties in a big tech company and...
12 Sep 2020 2 minute read 9 comments Sapphire Crypto
Late Friday Night Chart Studies As I was going through charts, coins and projects on Friday evening I noticed something very interesting as I was checking out the price action on some of the BULL tokens available on FTX. These are FTX leveraged token...
11 Sep 2020 5 minute read 33 comments MoreGainStrategies
Here is a quick summary around tipping on Publish0x. I have written this as a kind of FAQ. How often can I tip? You have 6 tips per day. I have just tipped, when can I tip again? You have to wait at least 10 minutes in between two tips. Can I incre...
