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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.
10 Sep 2020 3 minute read 8 comments Sapphire Crypto
Learn From The Past I was present in the 2016 and 2017 ICO craze and that has helped me navigate my way through this recent DeFi frenzy. Most of the projects from that time fell by the wayside or at least fell to the bottom end of Coinmarketcap where...
9 Sep 2020 2 minute read 5 comments MadMaxx
This article takes into consideration the following: High gas fees The new Publish0x rules (withdrawal once a month) General bearish sentiment New ways to make even more money! These methods account for every single Publish0x token that is currentl...
9 Sep 2020 1 minute read 5 comments Steven_BA
I am not a very good connoisseur of the crypto world, but I have seen that Publish0x is facing great difficulties. I admit, I have no idea what gas fees and other similar things mean, no matter how much I have read on the subject lately. Anyway, I ha...
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
A warm welcome to another Let’s Simplify Things! post! Today let us have a look at Coinsbit and try to simplify it. Coinsbit is an exchange launch two years ago, specifically on August 2018. It is registered in Estonia and governed by the local legis...
5 Sep 2020 1 minute read 9 comments alberdioni8406
Publish0x will always remain a reliable and very trustable blogging platform, and despite some nonsense comments around one of the biggest social platform that are giving liquidity tokens to users as tipping coin when they publish or read quality art...
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...
2 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan
Decentralized exchange protocol Loopring (LRC) has published a monthly update on September 1, detailing development progress, including support for Automatic Market Makers in version 3.6. The update will bring several new features, including orderbo...
1 Sep 2020 1 minute read 13 comments MoreGainStrategies
You've probably seen the banner on top of the website And maybe you are new to Publish0x -- like me. Maybe you have invested quite a lot of time into reading or even writing articles. And possibly you have just requested your first payout. And right...
