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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.
19 Feb 2021 1 minute read 0 comments Ruth eMouse
The TLDR Loopring wanted me to pay $401 to start using their wallet, and I said - HECK NO Sign up images below Background I enjoy exploring, and trying new services - particularly if they’re related to the services that I’m al...
16 Feb 2021 2 minute read 3 comments Ruth eMouse
Here’s the TLDR (Too Long Didn’t Read) Mistakes Thinking that the initial deposit into L2 is akin to an entrance fee Thinking that the token that you’re after is available (if you see the token icon) Before we set off on the learning journ...
12 Feb 2021 2 minute read 7 comments PVM
Every day ... a new discovery! This is one of the forces driving me towards success in this sleepless and heatless crypto ecosystem. Sometimes I discover a new token, a new project, a new author and after reading the "introduction" I want to know mo...
11 Feb 2021 4 minute read 8 comments CryptoChartWizard91
If you are looking for a project that is set up for some incredible growth this year, then I have the perfect one for you to look into. As you may know, Ethereum transaction fees have started to go through the roof. We thought they were pretty expens...
10 Feb 2021 1 minute read 5 comments Kamend1
While I enjoy the idea and the development of Publish0x, I am afraid I don't completely share their passion of DeFi and various strange ERC-20 tokens. I do like HODLing ETH itself, I cannot fully comprehend where this whole ERC-20 environment is movi...
5 Feb 2021 1 minute read 0 comments Makingdigital
Loopring's proposal for this 2021 is one of the ones that convinces me the most, I fully trust this project and more after having seen the stab of centralized Exchanges. Loopring is going to break this control and allow users to enjoy more transparen...
29 Jan 2021 3 minute read 0 comments Joel Kite
Ethereum is slow and expensive, and with growing popularity will only continue to get slower and more expensive. One of the ways in which the Ethereum community is working to fix both these problems is by using the Layer 2 scaling solution known as z...
27 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan
On Jan. 27, The Loopring (LRC) team revealed the new tokenomics model for the protocol, which is better designed to reward those who contribute towards the growth of protocol. The goal of the new model is to incentivize behavior that supports the gr...
26 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan
According to a blog post published on Jan. 23, Loopring (LRC) will end staking on Loopring v1 and fully transition to v2, with a new token model also expected next week. Staking on Loopring v1 will end to provide more support for the all-round bette...
26 Jan 2021 3 minute read 4 comments yourmitchy
Uniswap has been around since November 2018 when Hayden Adams released the first version of Uniswap Since then, it has been growing slowly, but surely until its popularity skyrocketed around $UNI airdrop on September 16th, 2020. Anybody who used Uni...
