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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.
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
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10 Sep 2020 3 minute read 8 comments Sapphire Crypto
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9 Sep 2020 2 minute read 5 comments MadMaxx
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9 Sep 2020 1 minute read 5 comments Steven_BA
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8 Sep 2020 1 minute read 0 comments alberdioni8406
The Publish0x Team made a small update about the recent crisis on the Ethereum network, where fees are unstable and delaying payments, which led the staff to looke for sustainable ways to keep the platform running smoothly and keep paying the most va...
5 Sep 2020 2 minute read 14 comments DrYunani
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5 Sep 2020 1 minute read 9 comments alberdioni8406
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4 Sep 2020 5 minute read 34 comments LRC Moderator
This month we released Loopring Wallet’s smart contract v1.1 and started the app’s UX/UI redesign. We hope to invite users to an early beta in September. Loopring protocol 3.6 is close to code-complete (a quite special new feature was added, read b...
4 Sep 2020 5 minute read 14 comments kevW!ls0n
At the start of September, Loopring released an update that has a very strong potential to put an end to the biggest problem that DeFi faces today - ASTRONOMICAL Transaction Fees. Let's start with a mini-story that sparked this article:Yesterday I wa...
