Features and characteristics of Loopring

Features and characteristics of Loopring

By Lềm Thị Phiến | An an | 27 May 2020


1. Reduce partner risks and transaction costs:


Loopring does not require members when using them to send tokens to the floor to deposit. Token will always be in blockchain addresses during the whole transaction process. Users can transfer their tokens to another place after sending or placing buy and sell orders - Loopring will automatically adjust the amount of transactions at the original price. In addition, Loopring protects its members from threats such as bankruptcy exchanges and DDOS

2. Decentralization:


After placing a purchase order, the user's order is automatically executed while the funds used in the transaction remain under their control in a smart decentralized contract on Loopring's blockchain platform.


3. Share purchase and sale orders:


 Loopring's mechanism allows trading orders to be divided into small parts, then determining the best time and the best exchanges to exchange those parts, the purpose of this mechanism is to help Optimizing the trading results. Loopring can also protect transactions from DDOS attacks

4. Round order matching:


Loopring is a smart and decentralized automated exchange protocol between cryptocurrency exchanges and blockchains, using its balance of metrics to help users realize that at At any given time, whichever cryptocurrency exchange is traded on which exchange will have the best trading results. This is done by analyzing the available data in the platform and dividing the trading order into small parts and dividing multiple exchanges at the same time.

5.Cross-chain protocol:


 Loopring is designed not to depend on any blockchain platform. As long as the blockchain platform supports smart contracts, Loopring supports all virtual currencies compliant with ERC20 standards can use Loopring to trade.

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