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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.
3 Feb 2022 1 minute read 1 comment Crypto Raj
Hi Readers, Loopring (LRC) token is noted for its zkRollups initiative in the Defi Space to minimize the number of transactions in the Etherium block chain and thereby reduces the costs and times for the traders. LRC was a much noted Crypto Token in...
25 Jan 2022 1 minute read 1 comment Crypto Raj
Hi Readers, Hope you have all experienced a hard time amidst the sharp fall of the crypto markets hit by the US FED interest hike and the Central Bank of Russia's decision on the proposed crypto ban. It's always a great saying in the investment formu...
22 Jan 2022 4 minute read 1 comment Destiny_
In an ideal world, all the cryptocurrencies you are holding in your bag are giving you a significant returns. Various governments have finally understood that the digital currency is actually the future and almost every country has legalized them. Bu...
22 Jan 2022 1 minute read 1 comment FX Empire
LRC remains under significant pressure amid broad crypto market sell-off. Loopring has recently managed to settle below the psychologically important $1.00 level and is testing the support at $0.95 amid crypto market sell-off. Three Catalysts Behind...
18 Jan 2022 1 minute read 1 comment FX Empire
LRC has reached levels that were last seen back in November 2021. Loopring gained strong downside momentum and moved towards the $1.20 level as traders continued to sell LRC despite recent rumors about a potential deal with GameStop. GameStop-Loopri...
16 Jan 2022 1 minute read 0 comments グルスキー (gursky)
LRC is a decentralized trading protocol for ERC20 tokens. Currently, only tokens that use the Ethereum blockchain can be traded, but all blockchains will be supported in the future. It reduces counterparty risk and the need to exchange tokens in orde...
13 Jan 2022 1 minute read 0 comments moon333
Don't forget to upvote/tip and share the post, thanks You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333 In order to play and watch the current performance of the chart you need at least a free account on t...
28 Dec 2021 3 minute read 4 comments 2sats
*obligatory not financial advice* What is Loopring? Loopring is a second layer for building advanced decentralized exchanges on Ethereum. Users can send their funds to an address owned by a smart contracts so that they can trade with them on Loopri...
23 Dec 2021 4 minute read 2 comments Zacharias
22 December 2021: The general argument against the utilization and widescale adoption of the leading smart contract network Ethereum is center around a key flaw - the notoriously unaffordable gas prices for everyone using the network. It presently...
10 Dec 2021 2 minute read 1 comment Strobe-Wan Kenobe
LRC is my biggest play, recently, to day-trade. I have other coins that I day-trade with, and others that I hold for years. Most of them are doing fairly well, but LRC is my biggest money-maker at the moment. Before this most recent dip/"crash" at th...
