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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.
10 Jan 2021 1 minute read 0 comments alquimista1501
The new LoopRing update can help not only scalability and performance, but this Layer 2 solution can balance that gap that this protocol presents with liquidity at the time of closing transactions. The bottleneck that is formed gives rise to certain...
9 Jan 2021 5 minute read 23 comments Cryptonator`s
What have you done with your Loopies that you have earned on Publish0x in 2020? When $LRC was introduced as a tipping token on Publish0x back in April 2020, the price of $LRC was around three cents, today it is worth around 40 cents! I believe that...
8 Jan 2021 3 minute read 0 comments DrBreakThru
A lot of things have happened in the Loopring ecosystem in 2020. Here’s the top of the top: 27 Feb 2020 - Launch of the Loopring.io Exchange Loopring.io Beta1 exchange interface Loopring launched their first publicly accessible zkRollup exchange, “B...
8 Jan 2021 13 minute read 4 comments SirGerardThe1st
In these days of early 2021, characterized by a roller coaster in the crypto-sphere, the most diverse opinions about the price of cryptocurrencies have been heard. On the one hand, the optimists who speak of incredible prices that exceed the lunar or...
7 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan
On Jan. 7, the Loopring Protocol’s relayer services were temporarily suspended after a large number of users joined the network. The relayer service stopped as a result of the users eager to try Loopring’s liquidity mining program; users’ assets are...
6 Jan 2021 6 minute read 5 comments Ed-california
I wholeheartedly believe that 2021 will be the year that Ethereum layer-2 (L2) and/or other scaling solutions really start to boom. It's not just a feeling or hunch that I have. All of my research, connections, analysis, and in-depth knowledge for t...
6 Jan 2021 2 minute read 0 comments Cryptonalyzed blog
The world cryptocurrency pioneer Bitcoin was able to reach it's all time highest level of $33k on 4th January 2021, most analyst believe that bitcoin could reach a record level of $100k before the end of 2021 sole because of the increased number of...
6 Jan 2021 2 minute read 0 comments JakeB
Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...
5 Jan 2021 1 minute read 12 comments Crypto camarero
Our friend Loopring (LRC) pumps 76% in the last 24 hours and could keep pumping in the coming hours. Only 6 days after launching Loopring Exchange v2 based on Loopring Protocol 3.6 it has reached the price of $0.6. Great week for Loopring (LRC), nice...
5 Jan 2021 4 minute read 2 comments D3F1
Hello guys, I am back with another Whale Wallet Analysis for your pleasure and research. I have previously conducted a similar analysis for AMPL, SNX, BASED, LINK, YFI, YFV, UNI, SUSHI, and WBTC. The Loopring rich list is accessible on the Etherscan...
