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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.
24 Oct 2019 1 minute read 1 comment Dolomite
Current solutions limit adoption Private keys, MetaMask, wrapping ETH, approving tokens, unwrapping ETH, ETH gas fees — trading crypto from your wallet can be quite a handful for anyone not in the decentralized finance (DeFi) space, and it’s limiting...
24 Oct 2019 2 minute read 0 comments Dolomite
What is Loopring? Loopring is an open protocol for scalable, non-custodial exchanges being built on Ethereum to power the next generation of decentralized exchanges. Loopring allows anyone to build high-throughput, non-custodial, orderbook-based dece...
2 Oct 2019 8 minute read 1 comment Jeremy Wall
In the Fat Protocols thesis written by Joel Monegro in 2016, he predicted that where value is captured with blockchain, it will be the opposite to that of the internet. Explaining, he said the foundation of the internet – the shared protocols in whic...
25 Sep 2019 8 minute read 3 comments Jeremy Wall
Anyone who’s taken the time to delve into this crazy world of crypto knows how expansive and revolutionary this industry is and it’s crazy to think of how far it has come. It all started in 2009 with the launch of Bitcoin as peer-to-peer electronic c...
16 Sep 2019 2 minute read 6 comments CryptoChartWizard91
I have always wondered how much development activity can influence the price of a cryptocurrency. Surely if there is strong development activity within a project this should translate into that project having an increased level of confidence - simply...
16 Sep 2019 2 minute read 1 comment Loopring
Happy Mid-Autumn Festival! We hope you have enjoyed some delicious mooncakes. Research & Development Protocol We have implemented some of the core functions of the Loopring DEX Browser JavaScript library. We will later use the library to process DE...
2 Sep 2019 1 minute read 2 comments Loopring
Over the past two weeks, we have been testing the off-chain proof generation performance and cost, and have achieved very satisfactory results. We have also been busy in Berlin with Blockchain Week, learning from the great ecosystem there, and sharin...
19 Aug 2019 2 minute read 0 comments Loopring
Loopring v3 beta3 has been deployed on Ethereum mainnet. We have made another 15% TPS improvements from the last update and we expect the throughput without data availability to break 10,000 TPS after Istanbul fork. The v3 smart contract & ZKP circui...
16 Aug 2019 1 minute read 1 comment CryptoChartWizard91
I’ve been exploring some new tools to help with my analysis and I stumbled across the metrics provided by Santiment which are pretty interesting! Although I’m a technical heavy-based type of trader, I do love to look for other metrics to help reinfor...
12 Aug 2019 6 minute read 8 comments paulOf91
With altcoins struggling it is safe to say that Bitcoin is the only space-bound project that is on a bull run at this moment in time. However, we must never forget that the altcoin industry is still far from defeated as the development teams behind m...
