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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.
5 Dec 2021 4 minute read 2 comments MintDice.com
Work on Ethereum 2.0 is well underway, and many are enjoying the benefits of the updated blockchain software. One of these updates are the many new solutions to dapp building complications, the newest of which is one called Loopring. Loopring or LRC...
30 Nov 2021 1 minute read 1 comment DailyCoin
Visit DailyCoin for more articles About Loopring (LRC) is the token of Loopring, an open Ethereum Layer-2 protocol that was created as a response to the limitations of traditional cryptocurrency exchanges and aims to solve the issues of transaction s...
30 Nov 2021 3 minute read 5 comments Austras
The more a blockchain is utilized, the more expensive it is to maintain and use. Ethereum is the biggest example as it has the largest DEFI ecosystem but currently the barrier of entry is so high that new adopters would go through a significant risk....
24 Nov 2021 1 minute read 7 comments Cryptonator`s
Last year, readers and writers on Publish0x were able to earn Loopring Coins. Those of you who are still holding them are lucky because the recent price action was insane but what caused this massive increase in value? Well, it has not been official...
21 Nov 2021 3 minute read 12 comments Cryptonator`s
Anyone, really anyone can participate in the world of cryptocurrencies, not only the smart investor but also Moonboys, Pump Chasers, and Paperhands. While the smart investor can become a millionaire by investing in cryptocurrencies, Moonboys, Paperha...
15 Nov 2021 4 minute read 1 comment DailyCoin
Visit DailyCoin for more articles Loopring says it “builds protocols, infrastructure, and user-facing products for the future of finance.” Following hints of a possible NFT marketplace launch, rumors have emerged that Loopring is partnering with...
11 Nov 2021 1 minute read 6 comments Nevsie
I wish. I want. I beg. Bring back what made Publish0x great... Were you an early adopter to Publish0x? I wish I was. I joined up when the train was full steam ahead. It was great, I learnt loads, articles were full of insight, and the rewards were in...
9 Nov 2021 2 minute read 0 comments Bitcoin Renegade
Loopring is a Crypto that actually runs on Ethereum, Qtum, and the Neo blockchains as of now! They just introduced a new Vip tier level reward system for 30 day transaction volumes to get a trading discount! For old users they will keep...
8 Nov 2021 1 minute read 1 comment ericdoescrypto
Loopring is a zkRollup Layer2 for trading and payment. You can go read about the protocol on their website: https://loopring.org/#/protocol. You might compare them to something like Uniswap in terms of market cap. And if you're interested technology-...
2 Nov 2021 1 minute read 1 comment Md Ausaf Rashid
Loopring Protocol According to the official website, Loopring protocol is an open-source zkRollup protocol. Let’s unpack it. First, let’s understand Zero-Knowledge proofs. In a nutshell, a zero-knowledge proof is a method by which one party (the prov...
