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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.
7 Apr 2020 4 minute read 2 comments Loopring
From March 16th to March 31st, to further test the usability and performance of Loopring Exchange, we held a two-week trading competition and issued LRC rewards. The trading competition has been completed and we’d like to share some data with the...
31 Mar 2020 8 minute read 6 comments list3r
Hey guys :) Today I present to you a comprehensive list of partnerships and collaborations for, what I believe to be, one of the most revolutionary projects in crypto – Loopring (LRC). In this piece, I provide a brief overview of Loorping’s partnersh...
19 Mar 2020 8 minute read 8 comments Adamic0
It finally happened. After such a long bullish run in the wider economic markets, a sell-off has been created. The economy has been booming for over 12 years now and skeptical investors have been wondering whatever happened to the good old tradition...
19 Mar 2020 2 minute read 0 comments Cryptonator`s
Recently, I signed up for a new decentralized crypto exchange and placed a bet on the Loopring Coin (LRC). Let me explain to you why I believe this was a good idea. The Vision Behind Loopring The Loopring is a quite young crypto project, but the goal...
18 Mar 2020 2 minute read 7 comments Ed-california
So in this time of panic in the crypto space, I’ve turned my attention to finding something or the other to keep me going and distract me from all the red in the market. It didn’t take me long to find something. The Loopring team announced that they...
10 Mar 2020 7 minute read 4 comments CryptoChartWizard91
Well, the cryptocurrency markets went down quite significantly over the weekend! Bitcoin fell by a total of 10% on Sunday after it dropped beneath $9,000 and continued to plummet even further, reaching as low as $8,000 to finish the day. The market t...
10 Mar 2020 4 minute read 3 comments Adamic0
The last few days have been a bit of a bloodbath for the market. Not just the crypto market, but every other asset class with the exception of gold. Indices have taken a HUGE beating, the oil price war has sent sudden shock waves through the economy...
10 Mar 2020 6 minute read 5 comments Loopring
LRC is the Loopring protocol’s token. It can be staked by holders to earn protocol fees (a percentage of the volume flowing through all Loopring-based DEXes), and is staked by DEX owners as a bond for service-level guarantees. More information on LRC...
7 Mar 2020 6 minute read 24 comments Mr.CryptoWiki
Loopring (LRC) is a pioneering decentralized protocol project that is experiencing a lot of discussion. Here I'll write all about it. You can also check out my other guides, such as Hydro (HYDRO), Basic Attention Token (BAT) and OmiseGO (OMG). Decent...
![What is Loopring (LRC)? [A Comprehensive Guide to Understanding Loopring]](https://cdn.publish0x.com/prod/fs/cachedimages/3944599368-bf8ae102c97d50dae20dec300b25aee79cc010a17ff856c3ba1bb0e1a0868ebb.png)
6 Mar 2020 6 minute read 1 comment Loopring
We apologize that this month’s report is a few days late. It’s just been a hectic end of month — in the best way possible! We hope you enjoy these updates. R&D Loopring Protocol We’ve spent some time optimizing our ZKP prover with great results: the...
