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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.
18 May 2020 4 minute read 7 comments PierreL
I've seen more and more talks emerge about tipping in Publish0x regarding which coins are given the most, if the chosen percentage has an impact on the tip value, and so on. I've been a reader/writer here since January, and over the past three weeks,...
16 May 2020 1 minute read 5 comments tomoyan
I made this easy app the other day so you can use it to convert ETH tokens. Go to tomoyanSwap And click "START TOKEN SWAP" Change "From Token" to LRC and "To Token" to ETH. Change LRC token amount and check on "Agree" and "NEXT" Transaction Detail...
15 May 2020 2 minute read 0 comments CryptozNewb
Publish0x, the crypto-powered blogging platform, has recently made a much needed improvement to their coin withdrawal system allowing users to select different withdrawal wallets for each type of coin they can earn on the site. Publish0x Overview F...
15 May 2020 1 minute read 1 comment 777yeet
Loopring.io. The offical platform for trading loopring. Loopring is suggested by Loopring.org, coingecko and none other than our own publish0x as a reliable and official Loopring trading platform. ETH 0.000000 registration ETH 0.010000 gas fees ETH...
13 May 2020 4 minute read 15 comments Thomas Wolf
This is a confirmed technique. I received all three of my payments and have no plans to change withdrawal methods!|I recommend you use MyCrypto over Atomic Wallet, AW proved to be unreliable and shady. The process is the same. First, cashing out t...
13 May 2020 3 minute read 1 comment Nikhil Saji
LRC decentralized convention arrangement hit a significant achievement toward the beginning of May with the dispatch of form 3.0 - including off-chain based scaling and expense improvement utilizing zk-SNARKS. Specialized pointers lean bearish, be th...
12 May 2020 2 minute read 5 comments Li_KungFu
The latest scaling innovation to be realized on Ethereum 1.0 is zkRollups, a sophisticated layer-2 scaling solution that increases scalability through the bundling of transfers into a single transaction. zkRollups, (‘Zero-Knowledge’ Rollups), increas...
11 May 2020 2 minute read 8 comments xqanxxx
Loopring Exchange in the month of April, announced the improvement of their exchange platform's user interface (UI) to support the "WalletConnect" infrastructure. This will allow users to connect to the exchange right from supported wallets by simpl...
11 May 2020 9 minute read 18 comments Chenhuang_defi
You probably know what DeFi is since you clicked on this headline, but in case you don't, here's a quick explanation of what it is and why you should care about it: Defining DeFi DeFi is the acronym for ‘decentralized finance’, also known as ‘open fi...
8 May 2020 7 minute read 20 comments kevW!ls0n
For those of you who’ve been following me for quite some time, you’re probably well aware that 1: I’m a sucker for new ways to earn money (crypto) online, 2: I’m obsessed with finding undervalued crypto gems, and 3: I’ve become quite the fan of Loopr...
