415 Articles 61 Followers
$0.00702
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.
The bear market events from 2022 have changed the crypto space in many different ways. One of the biggest changes is that more and more users who only used centralized solutions to generate yield on their crypto holdings before are now switching to d...
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
There are different kinds of airdrops. On one side, there are those airdrops that I consider worthless and simply a waste of time like the ones from CoinMarketCap. To be honest, the airdrops from CoinMarketCap are more like bounties than airdrops. Yo...
With the recent transition to Proof of Stake, there is now the opportunity to stake your Ethereum. While becoming a validator is quite complicated, it is quite easy to delegate your Ethereum to a validator to earn staking rewards. Here are the TOP 3...
"Not your keys, not your coins" is a phrase which has proved to be true so many times (coughs Celsius). Holding your coins over a centralized exchange defeats the whole purpose of having decentralized blockchain in the first place. To be the owner of...
Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...
Hi Readers, It is good to meet you all and would like to share my observations on Loopring (LRC) It is nice to know that the LRC has touched $ 1.32 and currently trading at $ 1.30. As discussed earlier, when LRC traded at lower you could have done th...
It has been a period of low volatility and price consolidation for Bitcoin markets, which has seen trading rise from $40,544 at the start of last week to the highest level of 47,408 briefly hit on March 28 and slightly down to $47,209 as I write. Thi...
Hi Readers, Happy to meet you through this article again. Last month, I have shared my initial experience of Trading Bot with Kucoin platform. I strongly recommend you to study my above linked article and continue reading this article. After I have...
Visit DailyCoin for more articles The cryptocurrency market has shown signs of recovery and spent the week mostly in green. Market leaders Bitcoin and Ether climbed 8.25% and 11.62% respectively, but several Altcoins experienced more intense bull run...
