415 Articles 61 Followers
$0.090096
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.
5 Jan 2021 2 minute read 1 comment 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...
4 Jan 2021 1 minute read 0 comments DTR MONEYMAKER
What is Loopring? It is a cryptocurrency that emerged in September 2017 that seeks to improve the existing exchange conditions between cryptocurrencies. The objective, that users can exchange different tokens among themselves in a fast and agile way....
4 Jan 2021 1 minute read 9 comments Abhimanyu Krishnan
The Loopring (LRC) protocol recorded its highest ever 24 hour volume on Jan. 4, just as altcoins in the market began rallying. The team announced that the Loopring protocol, a layer 2 solution, logged about $2 million in total trading volume, a si...
4 Jan 2021 2 minute read 1 comment 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...
21 Dec 2020 1 minute read 8 comments MISSSUAREZ
When I saw my Dashboard today I saw the payments, and I don't know where are Looprings!!!! Are they missing? Really we had four types of coins of payment and now we have just three. Will Ampleforth replace Loopring? Please If you had lost your coins...
18 Dec 2020 3 minute read 3 comments kevW!ls0n
DeFi redefined the concept of traditional mining by introducing new ways to earn crypto through various methods of incentives. DeFi gave birth to a new type of mining and it all started with Synthetix (SNX) – the godfather of “liquidity mining”. Synt...
16 Dec 2020 2 minute read 8 comments Ben
L2 exchanges Loopring & DeversiFi have joined forces to establish the industry's first L2-specific committee & working-group aptly titled L2 Squared (or L2² for short). Symbolising the launch of L2², Loopring & DeversiFi have also conducted a token s...
16 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan
The Loopring (LRC) team announced on Dec. 15 that it would shut down the Loopring Exchange V1 and its relayer service in 2021. The exchange has already released Loopring Exchange V2 along with its Loopring 3.6 protocol upgrade. Deposits, transfers a...
12 Dec 2020 2 minute read 12 comments paragism
Cover Image Source Ethereum’s TPS has improved significantly in the recent time but still, it’s not equipped to handle high traffic. Ethereum 2.0 is going to address a lot of issues regarding the base layer scalability but we need to wait for a long...
8 Dec 2020 1 minute read 3 comments rah
I am sure it is a coincidence and I am certainly not criticising, but a couple of things went amiss over the last 24 hours. From time to times things go wrong. Murphy's Law (also known as Sod's Law in the UK) states with Newtonian precision If somet...
