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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.
6 May 2020 3 minute read 12 comments Chris Walker
Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, censorship resistance, and immutability – which are the traits that make crypto so revolutionary and is the reason we invest in them. However, though cryptos hav...
5 May 2020 1 minute read 6 comments tomoyan
It seems like payouts have been delayed lately? Something to do with loop coin integration? or increased gas fees and transactions are getting stuck or something? If they are having payout issues and transactions are delayed, they should say somethi...
5 May 2020 1 minute read 0 comments NikiSam15
Loopring announces the launch of its new decentralized, non-custodial exchange based on zkRollup technology.A beta versión capable of accommodating precisely 1 million users for the moment.The bottleneck of the platform lies in the relayer cluster of...
4 May 2020 9 minute read 8 comments CryptoChartWizard91
Howdy! Today I would like to discuss something extremely interesting that has popped up on my radar with a few certain coins. The thing that these coins have in common is the fact that they were eating dirt during 2018 until late-2019 as they tanked...
4 May 2020 7 minute read 11 comments kevW!ls0n
MakerDAO Maker is the largest DeFi (Decentralized Finance) platform in the cryptocurrency industry, holding a total of $447 million locked within its smart contracts at the moment of writing: source: https://defipulse.com/maker It is a platform tha...
2 May 2020 1 minute read 12 comments xqanxxx
In response to one of the comments to my posts on how to convert your earned $BAT, $LRC and $DAI to any of the top cryptos, I had to publish this tutorial and I promise to make it simple and easy to understand. Now let's get to work! Things you shou...
1 May 2020 6 minute read 2 comments yourmitchy
Investing in cryptocurrencies can be extremely lucrative, that is if you choose the right ones to invest in. Many cryptos have, and can again, show a 10x, a 100x, and maybe even a 1000x return on investment. These types of returns in crypto are unpa...
30 Apr 2020 3 minute read 1 comment 0fajarpurnama0
Outline About Loopring is currently an Ethereum token. From https://loopring.org, Loopring allows anyone to build high-throughput, non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs. Loopring is claimed to be se...
30 Apr 2020 4 minute read 1 comment Groove
This story begins with a stubborn human seeking to learn more about cryptocurrency. This human is not the adventuresome type. He has no interest in fighting dangerous Crypto Exchange beasts or hunting for mythical Moonshot cryptocurrency. As a hobbyi...
28 Apr 2020 3 minute read 3 comments Wantandable
Everyone who spends time on Publish0x these days is earning Loopring (LRC). And we're going to explore what it is, and how we can put it to work to make money for ourselves! I bring methods of earning income passively to my readers. My goal is always...
