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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.
24 Apr 2020 1 minute read 5 comments Crypto [Neo]
Unless you've been living under a rock you've probably seen Loopring all over Publish0x lately, Loopring is a decentralized exchange protocol and an “automated execution system” built on Ethereum that will allow its users to trade assets across excha...
23 Apr 2020 2 minute read 44 comments tomoyan
Everyday we get to tip articles for free and we get to choose how much(%) we want to tip them. But I was curious how tipping actually works, what is the actual difference between 80% tip and 20% tip so I have done some experiments. How much do we get...
23 Apr 2020 1 minute read 1 comment Jitheshwar
Hi all, this is my first trading experience on the loopring.io DEX Exchange. I did the entire process via my phone (yes in smartphone). As you might know loopring.io not yet compatible to use via smartphone. This article might help you. Since I'm sol...
22 Apr 2020 1 minute read 22 comments Absolute Unit
We've all read the articles recently on how to stake our Loopring tip earnings and I have to give it to the people that figured it out, I am very impressed. The article I linked above was very well written and detailed, but the process to stake LRC,...
22 Apr 2020 6 minute read 10 comments Absolute Unit
Before we get into the post, I am not experienced in the slightest using any exchange platform, especially a Decentralized Exchange (DEX). I give 100% credit to this guide written by Yaz Sheikh. If it were not for his guide I would still be lost and...
22 Apr 2020 2 minute read 15 comments xqanxxx
Introduction At some point in time in our Publish0x journey, we may have to choose a wallet to receive and mange our earnings. This is mostly common to new entrants into the crypto space and have been lucky to have found Publish0x to start their c...
22 Apr 2020 3 minute read 2 comments bitcoindelight
This article will give you an overview of my first trade experience on Loopring.io. Although I will enter the 2nd part of the current Publish0x challenge with this article, I pass on making this article really pretty taking a lot of screenshots. I de...
22 Apr 2020 1 minute read 3 comments bitcoindelight
First of all, I have to apologize as I couldn't keep my promise to post consistently during the last few days. I am kind of angry with myself as I defined this as my top priority for blogging. Life can be tough sometimes...but it is what it is... I n...
21 Apr 2020 3 minute read 197 comments ITofPub0x
This month we've integrated Loopring’s LRC for tipping. Loopring.io is a decentralised exchange protocol which recently released its own DEX loopring.io with the feel and speed of a centralized exchange - 21000 TPS, fast order confirmations, liquid...
21 Apr 2020 10 minute read 21 comments yourmitchy
Registrations, Know Your Customer (KYC) requirements, deposit times, deposit fees, withdrawal fees, withdrawal times, withdrawal limits, server downtimes and server maintenance periods are just some of the problems traders face every day when trying...
