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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.
28 Jun 2019 2 minute read 2 comments Ravir3z
Not too many people know about Loopring (LRC), a small cap altcoin that is sitting at a very attractive price for the potential it has to offer. Loopring is creating a new crypto trading standard that gives users full control over their tokens. I kno...
24 Jun 2019 2 minute read 3 comments Loopring
Starting next week, Loopring will shift its engineering focus from protocol development to relayer development to ensure the launch of our first v3 public beta in Q4, 2019. We’ve also decided to minimize the effort on frontend/product development and...
12 Jun 2019 2 minute read 1 comment Loopring
We managed to complete the development of a new fee model and further optimize the throughput of our zero-knowledge proof-based Loopring protocol and made remarkable progress in relayer implementation. Research & Development Loopring Protocol v3 We f...
6 Jun 2019 2 minute read 1 comment Loopring
TokenMarket, the blockchain-based global investment platform, today announces its partnership with Loopring, the protocol for decentralised token exchanges. The collaboration will accelerate security and transparency in the US$222 billion digital a...
6 Jun 2019 13 minute read 3 comments Loopring
Fast, trustless, token trading. Not an oxymoron anymore. It’s with great excitement that today we unveil the design of our newest, fastest, and most forward-looking protocol, Loopring Protocol 3.0. Protocol 3.0 has two main benefits: Way higher t...
27 Mar 2019 1 minute read 1 comment Steven Aitchison
Technical Indicators There's a few technical indicators showing that we could see a rise of 100% for Loopring over the next few weeks.Crossover: Crossover on 50 EMA , Recenecy Effect: still filling the vacuum created by the last run up to 3,000 an...
18 Mar 2019 2 minute read 0 comments Loopring
We published the design of a new auction-based trading protocol, scheduled an LRC token contract upgrade, and made substantial progress in Loopring Protocol 3.0. Research & Development Protocols We have made significant progress in Loopring Protocol...
18 Mar 2019 2 minute read 3 comments Loopring
Loopring, a protocol for decentralized token exchange, has partnered with Changelly, a popular instant cryptocurrency exchange, to open LRC to USD and EUR trading channels. Users can use their credit card to purchase LRC directly through Changelly,...
5 Mar 2019 4 minute read 3 comments Loopring
Polymath, the securities token platform, and Loopring, the decentralized exchange protocol, announce a successful peer-to-peer test trade of ST-20“security” tokens through Loopring protocol smart contracts. Polymath and Loopring demonstrated that...
5 Mar 2019 3 minute read 0 comments Loopring
After some time off for the Lunar New Year holiday, the Loopring team returned in full force in mid-February. Now we are back in action and ready to rock. A talented and experienced UI/UX designer has joined us last week. Our global community hoste...
