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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 Mar 2020 13 minute read 0 comments Loopring
TL;DR We optimized libsnark and reduced Loopring’s total settlement cost to $0.000124 per trade or $124 per 1,000,000 trades. The prover cost is now just $0.000042 per trade or $42 per 1,000,000 trades, a 15x improvement compared to our previous prov...
6 Mar 2020 9 minute read 2 comments Loopring
Today we are thrilled to announce the launch of Loopring Exchange to the Ethereum community. This is the user-facing product we have built on our own Loopring protocol, and we consider the exchange a public beta. This Beta1 is based on the Loopring p...
5 Mar 2020 9 minute read 16 comments CryptoBoomer
Investing in cryptocurrencies can be incredibly lucrative but it can also be extremely risky. Not only are they highly volatile but there are thousands of cryptocurrencies to choose from, so managing your risk and choosing the right ones to invest in...
3 Mar 2020 11 minute read 148 comments MuyAsk
Hey guys! Back with another in-depth list of answers for the most asked questions, this time it is for the magical decentralized exchange protocol - Loopring (LCR). If you haven't seen my latest FAQ articles, feel free to take a look at Lisk (LSK),...
2 Mar 2020 5 minute read 3 comments Brawnd0
The closing week of February has not been the best one for the crypto market and the world’s economy in general. After some hope that we were at the start of an extended bull run, we are not back to the $8,600 support levels. It is not the best outc...
28 Feb 2020 7 minute read 6 comments CryptoChartWizard91
Hello traders! The market conditions are pretty rocky right now during the final week of February 2020, after Bitcoin was unable to break above the $10,000 level and rolled over, causing another market bloodbath amongst altcoins. Nevertheless, we are...
24 Feb 2020 5 minute read 27 comments Brawnd0
It’s been another eventful week for the crypto markets. The market might have dropped a bit since the last time I wrote and unfortunately we haven’t seen the market break the support levels of the $10,000-$11,000 range, but overall things are looking...
17 Jan 2020 1 minute read 4 comments kevW!ls0n
So 2020 has not been like 2017 where the market around this time was manic and the craze was really starting to boil over. It’s more mellow now but I think there’s even more to be optimistic about now, with the hype kind of settling. The market’s st...
9 Jan 2020 1 minute read 11 comments kevW!ls0n
Ethereum co-founder Vitalik Buterin has some positive things to say about Loopring, the zero-knowledge proof protocol that offers high throughput, security through its non-custodial protocol and lower transaction costs. Ethereum, despite having come...
7 Jan 2020 7 minute read 4 comments Loopring
On December 18, 2019, we started to work with WeDEX to test the integration of Loopring Protocol v3, the Lightcone relayer, and WeDEX’s front-end on Ethereum mainnet. For WeDEX, the main goal is to fix integration bugs and improve their DEX’s user ex...
