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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 Jul 2020 2 minute read 3 comments MadMaxx
Hello and welcome to another article. Before we get started, I'd like to let you know that I run a very profitable telegram group where I give out signals, education and a lot more. Please check it out here and consider joining. Thanks. In this artic...
14 Jul 2020 1 minute read 1 comment MadMaxx
If you've been following my blog for the past month or so, you'd know that I've been slowly collecting BAT and LRC tokens, both from Publish0x and with my own money. I've also been writing about it very very extensively, and almost everyday I publish...
13 Jul 2020 1 minute read 0 comments Chesatochi
I present to you the interface of Loopring DEX (Decentralized Exchange) where you can trade with the control of your fund. The pleasant benefit of using it is a sidechain that allows 2025 transactions on the Ethereum Network. Website: https://loopri...
13 Jul 2020 1 minute read 0 comments Chesatochi
You might know Ethereum face scalability issue. In the meantime, you can discover a solution with Loopring protocol that supports 2025 TPS on a sidechain. Link article: https://chesatochi.com/loopring-protocol-sidechain-solution-dex/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬...
13 Jul 2020 1 minute read 24 comments Sapphire Crypto
From Out Of Nowhere We have seen the DeFi space making some really amazing moves over the past couple of weeks. However, it was as if Loopring had been left behind, or somehow didn't get invited. While most DeFi projects were pumping, LRC was still s...
13 Jul 2020 1 minute read 0 comments Zemiatin
It seems that Loopring just keeps on crushing. It feels like just yestersay LRC was trading at aproximatelly 0.03$. At the moment of writing this it is currently trading at almost 0.14$ having more than 40% increase in the last 24 hours. I managed...
11 Jul 2020 2 minute read 2 comments Ren Protocol
The Ren and Loopring teams are excited to announce that the renBTC asset is now listed on Loopring.io, Ethereum’s zkRollup Exchange, trading against USDT. Further, this renBTC-USDT pair is being launched with a liquidity mining incentive campaign!...
11 Jul 2020 1 minute read 0 comments Chesatochi
A summary of what I have worked this week where I talk about Elrond smart contract ecosystem. The beauty of this one when the mainnet will be launched, you will stake at 29% the first year. Looping protocol is a feature that enhances the number of tr...
11 Jul 2020 2 minute read 2 comments Crypto adict (Manu VZ)
Hello family, how have you been?I wish you have the best day of all, today I will show how much crypto you can earn by receiving 20,000 visits to your publications on Publish0x, they are only estimated earnings, you can earn even more crypto by 20,00...
7 Jul 2020 4 minute read 2 comments paragism
Cover Image Source "There are two dilemmas that rattle the human skull: How do you hang on to someone who won't stay? And how do you get rid of someone who won't go?" - Danny DeVito Daniel Michael DeVito Jr. or Danny DeVito is an American actor. Th...
