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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.
21 Apr 2020 1 minute read 47 comments ScreenTag
And so, you received your newly introduced Publish0x payout in Loopring tokens. And you think: 'What better option, than supporting the native Loopring DEX?' Right? Wrong! Exchanging your LRC to ETH using Loopring Exchange is a pain in the neck! Firs...
20 Apr 2020 1 minute read 1 comment alberdioni8406
Loopring LRC is the new tipping asset on the Publish0x platform and that already is gaining some good support thru the content creators and readers who are involved in Publish0x, being for many a complete unknown asset but with the commitment from th...
19 Apr 2020 3 minute read 0 comments Lucian Nagy Composer Multi ethnic instrumentalist
Lots of things have been going on inside my artistical Matrix ... My webpage started to look quite a bit different from what it used to look'till now https://luciannagy.com/?page_id=513 I've been updating the list of my albums and inserted the new l...
19 Apr 2020 4 minute read 11 comments Thomas Wolf
Update 4/20: I wrote a new article called MyCrypto BETA - Easy LRC, DAI and BAT Cross-Conversion which shows how I quickly adapted to the new token and no longer have to worry about BAT earnings! I truly hope Loopring is the future of decentralized...
19 Apr 2020 2 minute read 0 comments alberdioni8406
Despite being agnostic platform Publish0x is far away one of the best blockchain based websites and all efforts made by the Team behind it justify the success. Publish0x isn't just a Publisher blockchain ecosystem, but the best around and all this ca...
18 Apr 2020 1 minute read 1 comment GROUNDx
Hello again!! First of all I want to thank everyone for the support, the likes and the tips.I am very encouraged to continue doing technical analysis.Well, let's go with the analysis:It looks like we are having a powerful pum...
18 Apr 2020 1 minute read 0 comments Lucian Nagy Composer Multi ethnic instrumentalist
Maybe for some of you will sound insane ... but not for me ... AND, everytime when my senses whispered me something ... the true came at the surface very quick ... As we all have experienced this awesome adding of Loopring inside Publish0x, we coul...
18 Apr 2020 1 minute read 1 comment Wlad
As soon as LRC was introduced on publishOx.com as one of coins with which we can tip authors for their articles I noticed people are massively switching to it. It made me wonder whether it is a temporary trend or indeed the Loopring concept is that g...
18 Apr 2020 1 minute read 9 comments CryptoOwen
Remember the other day I was talking about what Loopring does, its utility & purpose in the crypto space, & also that it is currently undervalued? Well it was around $.025 cents then. Now it's $.036, about a 50% rise since then! Imagine getting 50% g...
18 Apr 2020 1 minute read 0 comments Stat1c
Loopring has a very good experienced team, the team includes specialists with experience in JD.com, Google, PayPal and 3NOD. Also now we can see (LRC) as reward token on publish0x and it grants price growth I'm sure at 99.9%. Among the partners and a...
