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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.
14 Jun 2020 2 minute read 32 comments Dzoelx
Per request from readers of my previous article I will be giving a complete guide on how to use the new and exciting loopring pay. Just for knowledge sake, Loopring pay a new feature on the Loppring dex which allows users to transfer Ethereum ba...
30 Apr 2020 2 minute read 4 comments LRC Moderator
Loopring.io is launching its referral program today. Inviting friends to the exchange gives you up to 60% of their trading fees, and your friend receives up to 20% of their trading fee back. It’s as easy as getting your referral link, inviting friend...
27 Apr 2020 1 minute read 1 comment doubledotz
Question. I have been wondering what is the simplest wallet to deposit loopring into that already has the exchange in it, also without a high exchange minimum or a high withdraw minimum. Please real feed back this will help me alot and you guys see...
15 Apr 2020 1 minute read 0 comments MrBitcoin
What is loopring? Many noticed that loopring tokens have been accepted at Publish0x for a few days. What is loopring?It is a trading platform with high security and low costs. At the moment there are not so many tokens that are accepted. which of co...
8 Sep 2019 6 minute read 1 comment Rumi
Overview Lоорring іѕ а decentralized еxсhangе (DEX) рrоtосоl that саn bе dерlоуеd bу cryptocurrency and other dіgіtаl аѕѕеt еxсhangеѕ. Rather than lосking аѕѕеtѕ іn аn еxсhangе wаllеt оr ѕmаrt contract, theу rеmаіn іn the uѕеr’ѕ wаllеt. Trаdе оrdеr...
