416 Articles 61 Followers
$0.08128
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.
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...
5 Aug 2019 2 minute read 1 comment Loopring
We have completed all planned features in the Loopring v3 beta3 release, including a much-simplified fee model to reduce the constraints in the settlement circuit, and an address whitelist mechanism to support customizable whitelisting logics. As a r...
22 Jul 2019 2 minute read 0 comments Loopring
We started to develop the beta3 version of the Loopring Protocol 3.0, which will greatly increase the throughput and reduce the cost per settlement. We are excited to share some preliminary results in this bi-weekly update. Research & Development Loo...
19 Jul 2019 3 minute read 4 comments yourmitchy
With many analysts predicting AltSeason around the corner it is time to start to load up on some of these lesser-known projects! In this article, I have 3 great prospects for you to keep your eye on before it gets too busy! Lisk Lisk is an open-sou...
9 Jul 2019 1 minute read 1 comment Li_KungFu
When your project hires a guy who managed to get accepted into a top 100 ranked worldwide university at the age of 15 - there is a slight cause for excitement. Well, that is exactly what Loopring has done in hiring Steven Guo into their team to act a...
8 Jul 2019 2 minute read 2 comments Loopring
Last week we released the second beta of Loopring 3.0 — beta2. This version has been repeatedly tested and is very stable. In the coming week, we will release a bug bounty for this. Research & Development Loopring Protocol v3 We finalized the 2nd bet...
7 Jul 2019 1 minute read 4 comments CryptoChartWizard91
Alright, so the market looks good right? :D Besides getting deeper into BTC, I’ve also purchased a handful of altcoins here and there because I know that there are some real gains to be had there in this kind of market atmosphere. Publish0x is runnin...
7 Jul 2019 2 minute read 1 comment Da_Sound
The #showyourportfolio contest is going on and I thought I'd show off mine in the hopes of winning something! My investment approach is basically getting my fingers in different pies and as you'll see, my portfolio reflects that. So with the market...
3 Jul 2019 5 minute read 0 comments kevW!ls0n
It’s cool to HODL with Bitcoin and be assured that you will make money in the future, but if you want to make quicker shorter term and medium term gains, then altcoins are the way to go. And there’s definitely no shortage of altcoins in the market t...
2 Jul 2019 1 minute read 0 comments CryptoChartWizard91
Loopring has been pretty static over the past couple of months as the cryptocurrency ranges between $0.078 and $0.053 - not being able to make any movement above or below either direction. Despite the recent overall stagnation, the cryptocurrency sti...
