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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.
20 Feb 2019 2 minute read 0 comments Loopring
One of the most exciting things about cryptocurrencies and blockchain technology is the ability to build on others’ work, integrating and iterating, and adding value where your team is skilled. To throw in a couple clichés: don’t waste time reinventi...
20 Feb 2019 1 minute read 1 comment Loopring
Earlier this week, Loopring joined #DeFi, a community of protocols and projects seeking to decentralize finance. More specifically, #DeFi members share the passion and goal of building out the decentralized financial stack, and providing billions o...
20 Feb 2019 1 minute read 1 comment Loopring
PwC Hong Kong, a member of the PwC global professional services network, has formed a joint research initiative with Loopring, a blockchain research organisation focusing on decentralised trading protocols. The initiative is tasked with understanding...
20 Feb 2019 3 minute read 0 comments Loopring
Loopring protocol 2.0 recently completed smart contract audits by third-party smart contract security firm SecBit, and has been deployed. We wanted to go over some of the new features, and give a bit more detail on the technical aspects. More Effic...
18 Feb 2019 2 minute read 0 comments Loopring
Loopring is the second project to have their ERC20 token, LRC, be integrated into Wanchain. Wanchain 3.0 is currently capable of supporting cross-chain functionality for Ethereum and Bitcoin. As a blockchain agnostic exchange protocol, Loopring has a...
18 Feb 2019 8 minute read 0 comments Loopring
We like to think that Loopring’s core research and development in 2019 will be reflected in two broad buckets: innovation + focus. Innovation: maintain a high degree of attention and respect for new advancements in blockchain, and strive to absorb...
18 Feb 2019 1 minute read 0 comments Loopring
Loopring collaborates with Sydney-based blockchain community bitfwd to host workshops, build open source tools, and help advance decentralized solutions. Loopring has established a joint research initiative with bitfwd community in Sydney, powered by...
16 Feb 2019 4 minute read 2 comments Loopring
A few months ago, the Loopring Foundation and PwC China began working together to explore some of the greatest opportunities and challenges facing the blockchain and cryptocurrency ecosystem, as well as traditional corporations who are navigating its...
2 Nov 2021 1 minute read 0 comments wantumeni
Coinbase Loopring ($LRC) Earn campaign is live since October 30th. What is Loopring? Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodi...
28 Feb 2021 12 minute read 0 comments Good$ News Podcast w/ Micah Dewey
New GoodDollar Giveaway Announced, Fuse on Loopring, GNC Faucet Live! | Good$ News 2-28-21 -INTRO Hey everyone, I'm not doing the normal intro because I need to make an important announcement about yesterday’s stream. If you did not watch the video...
