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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.
18 Nov 2019 3 minute read 1 comment Loopring
We are getting close to deploying Loopring 3.0 on Ethereum mainnet. The Lightcone relayer is also making significant progress. All our blog posts and updates are also released on https://loopring.org. Research & Development Protocol We made a cha...
18 Nov 2019 1 minute read 0 comments Loopring
We are thrilled to announce that Brecht Devos is now Loopring’s Chief Architect. Brecht has been part of the Loopring team for one year and a half. As the architect behind Loopring 3.0 and one of the lead developers, he is the driving force behind Lo...
13 Nov 2019 2 minute read 1 comment Loopring
Headquarters for the ceremony is at https://loopring.org/#/ceremony, where participants and observers can keep up with the progress. This is the final step before the Loopring v3 beta will be used in production! Why is the ceremony necessary? Loo...
6 Nov 2019 4 minute read 2 comments Loopring
Note: all our blog posts and updates are released on our website as well — https://loopring.org/#/post/bi-weekly-update-11-03-2019 Research & Development Protocol We have been preparing the multiparty computation ceremony required for Loopring 3.0’s...
6 Nov 2019 1 minute read 0 comments Loopring
On August 30, 2017, we kicked off the Long-Term Incentive Program (LTIP) to reward LRC’s long-term holders. The lock held for 18 months minimum, and thus participants have been able to withdraw from the LTIP since February 22, 2019. As of today, ther...
30 Oct 2019 2 minute read 0 comments Loopring
Loopring has just open-sourced the circuit repository for protocol 3.0: protocol3-circuits. The repository contains the following circuits: Deposit, for handling (on-chain) deposit requests (including account creation and public key reset); Transf...
29 Oct 2019 1 minute read 0 comments Loopring
“ China should accelerate the development of blockchain technology as the core for innovation.” Said by President of the People’s Republic of China, Xi Jinping Speaking as part of the 18th collective study of the Political Bureau of the Central C...
29 Oct 2019 1 minute read 0 comments Loopring
Loopring has decided to grant 10 million LRC from its Loopring Ecosystem Advancement Fund (LEAF) to WeDEX, a decentralized exchange founded by Loopring’s co-founder and former COO, Johnston Chen. WeDEX will build their product on top of Loopring 3.0,...
24 Oct 2019 1 minute read 0 comments Loopring
Loopring CTO Steve Guo and CMO Jay Zhou attended DevCon5 and other Osaka blockchain week events. Besides meeting and learning from the extraordinary Ethereum community, we also shared some DEX and zero-knowledge proofs (ZKPs) developments on our side...
24 Oct 2019 3 minute read 0 comments Loopring
Welcome back after we took a Bi-Weekly break for the National Day holiday week in China! In that time, we’ve been at Ethereum Devcon in Osaka, continued protocol and Lightcone development, as well as a slew of operations activities. Note: we expect L...
