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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.
23 Dec 2019 3 minute read 1 comment Loopring
WeDEX, the first DEX built on top of Loopring 3.0, is now live on Ethereum mainnet. On the first day of their beta launch, WeDEX successfully settled more than 20K trades, with Ethereum-level security guarantees — and this cost 1.4 ETH in gas total...
17 Dec 2019 16 minute read 2 comments Loopring
As each year draws to a close, Loopring releases the R&D roadmap for the coming year. This supports transparency and allows the community to obtain a greater understanding of the plan. Equally important, it forces us to think hard about the future an...
17 Dec 2019 4 minute read 0 comments Loopring
Now that Loopring 3.0 has been deployed to Ethereum mainnet, let’s talk LRC staking. Loopring Foundation is staking its own LRC. We’ve created a “golden staking window” which opens now and will close at the end of January 2020. This window can be ben...
6 Dec 2019 1 minute read 0 comments Loopring
We are thrilled to announce the release of Loopring 3.0-beta4 and its deployment and configuration on Etheruem mainnet. Loopring 3.0-beta4 will be used in production to serve WeDEX. Although we still call this version a beta, we believe that 3.0-beta...
6 Dec 2019 5 minute read 4 comments Loopring
Last week, Argent published a nice post, showcasing how their wallet stands up to the ‘ultimate non-custodial test’. Spoiler: they stand up very well, and users can always access their funds. It inspired us to take the same test. Our foremost duty is...
3 Dec 2019 4 minute read 2 comments Loopring
The last two weeks have been super exciting for us: Loopring 3.0 beta4 will finally complete deployment early next week. Loopring will be Ethereum’s first zkRollup DEX protocol enforcing on-chain data availability. We are ready to roll! We have rece...
3 Dec 2019 5 minute read 1 comment Loopring
TL;DR; DEXes on Ethereum have hit their stride and are showing strong signs of life. Recent growth has mostly been concentrated in on-chain, curve or reserve based DEX models. With advances in layer 2 such as zkRollup, the next cycle will see scalabl...
25 Nov 2019 1 minute read 1 comment Loopring
We are excited to announce that LRC is listed on VCC Exchange, supporting LRC/BTC trading pair on November 22, 2019. VCC Exchange is partnering with Bittrex to leverage its cutting edge technology to offer customers in Vietnam a secure, reliable and...
25 Nov 2019 1 minute read 0 comments Loopring
We are excited to announce that LRC is listed on Pionex, world’s first exchange designed for cryptocurrency trading bots. Pionex supports LRC/BTC and LRC/ETH trading pairs on November 23, 2019. Pionex is an exchange designed for the trading bot, he...
21 Nov 2019 3 minute read 0 comments Loopring
After three months of code review and analysis, SECBIT Labs has just finished its Security Audit Report for Loopring Protocol 3.0 beta3. We cannot wait to share the report with our community and would also like to take the opportunity to comment on s...
