Overview of Loopring

  • Loopring provides market participants with a decentralized, automated trade execution system that executes their trades across cryptocurrency exchanges, shielding them from counterparty risk and reducing trading costs.
  • Loopring builds non-custodial, high-performance products atop our layer-2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring Exchange — an L2 orderbook and AMM DEX.
  • Loopring mechanism allows to order break into small pieces, identifies the best exchanges and times to trade those japan bank ripple xrp vaccine on, and applies game theoretic logic to optimize trading results.
  • Loopring is inseemed to serve as a common building block with open standards, driving interoperability among decentralized applications (DAPPs) that incorporate exchange functionality.
  • Loopring leverages zero-knowledge proofs — a blockchain innovation that bundles transactions together for efficiency — to allow anyone to build a high-throughput, non-custodial DEX.
  • Loopring features an on-chain/off-chain switch called OCDA that enables significantly faster transactions in instances that data is available to move off-chain for computation.
  • Loopring’s decision to focus on scalability rather than attract users is now paying off as ERC-20 token holders come to the project’s working solution willingly.
  • Loopring released a 2018 roadmap at the conclusion of 2017 and they made slow progress towards achieving the goals set out in that document.
  • Loopring ist auf Ethereum- und Neo-Blockchains funktionsfähig, wobei geplant ist, auch den Support für die Qtum-Blockchain hinzuzufügen.
  • Loopring (LRC) price surged to highs of $0.63 yesterday, spiking 32% on the day as bulls rallied amid a positive fundamental outlook.
  • Blockchain

    Decentralized and centralized exchanges alike will be able to implement Loopring, giving the exchanges access to cross blockchain and cross exchange liquidity and giving investors access to the best prices available on the broader market.Founded in 2017, the Loopring protocol was created to disrupt the centralized exchange industry.Loopring enables decentralized exchanges to be built on top of the protocol.Loopring is blockchain agnostic, meaning that any platform that uses smart contracts (e.g., NEO, Ethereum, Qtum) can integrate with Loopring.Loopring will pool all orders sent to its network and fill these orders through the order books of multiple exchanges.


    The consensus on which the Loopring network is run is called Not mineable, while
    the underlying algorithm is called None.In the current state of Loopring currently is On-going development


    One can say that, at first sight, Loopring faces strong competitors with the likes of Kyber Network or 0x.Similar can be said of 0x which sources its liquidity from the exchanges existing on its platform, unlike Loopring with which the same is done with just about any exchange that is connected to its network.Unlike Kyber’s market-making protocol which offers liquidity at set prices within a defined timeframe, Loopring focuses on its ring order and ring matching technologies to power its third-party matching-as-a-service (MAAS) system.Yet, the team claims that these platforms are designed for different use cases.



    If OCDA is disabled, Loopring throughput becomes as high as 10,500 trades per second, but security reduces to that of the consortium which maintains said data.Loopring 3.0 can settle up to 1,400 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain.The average settlement cost for each trade with Loopring 3.0 is as low as $0.002 USD, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms.This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA.

    How do I buy Loopring?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Loopring.

    Questions and Feedback?

    If you’d like to talk to us for partnership, questions, and/or feedback, please join our Discord, or drop us a line at foundation@loopring.org.We also have a new Discourse-based forum now: community.loopring.io.

    What Is Loopring [LRC]?

    LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

    What coins are similar to Loopring?

    The following coins use Loopring’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

    How Is the Loopring Network Secured?

    Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain.Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ.

    What is the value of Loopring?

    One Loopring (LRC) is currently worth $0.53 on major cryptocurrency exchanges.You can also exchange one Loopring for 0.00000970 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Loopring in U.S.dollars is $646.43 million.

    What is Loopring?

    Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading.By pooling the liquidity of cryptocurrencies, we are building the financial system of the future.

    How Many Loopring [LRC] Coins Are There in Circulation?

    The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol.

    What is Loopring?

    Loopring technology was developed in parallel with the growing use of tokenized and other assets which now exist on the blockchain.After its creators abandoned the idea of creating a centralized exchange back in 2014, they started working on Loopring – the idea was to come with the platform which is supposed to solve at least some of the numerous issues faced by trading platforms such as centralized and decentralized exchanges.

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    What Makes Loopring Unique?

    The main idea behind Loopring is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy their unique advantages and eliminate inefficiencies.

    Was ist Loopring (LRC)?

    LRC ist der auf Ethereum basierte Kryptowährungstoken von Loopring, einem offenen Protokoll, das für den Aufbau dezentraler Kryptobörsen entwickelt wurde.

    How to use Loopring?

    On desktop, users can access Loopring Exchange.On mobile, the Loopring Wallet app can be downloaded.In both cases, once you deposit assets from Ethereum (L1), the full functionality of Loopring L2 is accessible: instant, gas-free transfers, trades and liquidity provision.

    How Can One Trade with Loopring?

    For starters, users who want to start working with Loopring are fully exempted from having to place deposit funds into an exchange, which is sometimes required even by decentralized exchanges.In this sense, Loopring will function similarly to debit account transactions, with transaction authorizations taking place prior to the final settlement which is handled subsequently.

    Is Loopring a Good Investment?

    Loopring has intense competition from a few other blockchain protocols aiming to accomplish similar goals.Kyber Network and 0x are similar projects, both with 9-figure market capitalizations.

    How Does Loopring Work?

    In addition to its exchange protocol, the Loopring platform features the automated execution system which runs on Ethereum and allows for the cross-exchange trading of various assets.First, Loopring will perform pooling of orders which are received on its platform.This is followed by communicating these orders off-chain via order books belonging to various exchanges.At the same time, the free Loopring protocol allows decentralized applications to implement exchange functions.

    What hashing algorithm does Loopring use?

    Loopring is a coin that uses the ETH Token algorithm.

    What is Loopring Exchange?

    Loopring Exchange is an orderbook-based exchange on Ethereum leveraging Zero-Knowledge Proofs.Interview with Daniel Wang.

    Where can I get Loopring wallet?

    Loopring produces its own wallet software that is available for download on its website, which allows you to store Loopring on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Who Are Ring-Miners?

    Ring-Miners play an essential role in the Loopring ecosystem.Their activities center on executing (or partially executing at the very least) orders with the help of order rings in exchange for rewards.

    Was macht Loopring einzigartig?

    Die Hauptidee hinter Loopring besteht darin, Elemente zentralisierter und dezentraler Kryptowährungsbörsen zu kombinieren, um ein Protokoll zu erschaffen, das die einzigartigen Vorteile beider Arten nutzt und Ineffizienzen beseitigt.

    What is Loopring?

    Loopring is an open, multilateral token exchange protocol for decentralized exchange on the Ethereum blockchain.Loopring is intended to serve as a common building block with open standards, driving interoperability among decentralized applications (DAPPs) that incorporate exchange functionality.Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use, and that any dApp can hook into.Loopring’s token is based on the ERC20 Ethereum Token Standard and can be liquidated through a Loopring smart contract.

    Wer sind die Gründer von Loopring?

    Der Gründer und aktuelle CEO der Loopring Foundation, welche die Entwicklung des Loopring-Protokolls verwaltet, ist Daniel Wang, ein Software-Ingenieur und Unternehmer ansässig in Shanghai, China.

    What is Loopring?

    Loopring is a smart contract protocol built on Ethereum’s blockchain.A smart contract is just code that’s uploaded to the blockchain.

    What is Loopring?

    Loopring is an Ethereum zkRollup protocol: a layer-2 (L2) scaling solution.Loopring’s L2 increases transaction throughput and decreases cost, while maintaining complete Ethereum security guarantees.Loopring’s zkRollup supports token transfers, orderbook exchanges, and AMM (automated market maker) exchanges.In addition to the open source Loopring Protocol, Loopring also builds products atop, namely the Loopring Exchange – an orderbook and AMM DEX, and Loopring Wallet – a mobile smart contract wallet.From the perspective of users, Loopring allows instant and gas-free transfers, trades, and liquidity provision.Loopring users deposit their assets on-chain into a zkRollup smart contract, which are then represented in an off-chain data structure called a Merkle tree.Transactions then occur off-chain, and changes to the state of the Merkle tree (user transfers, trades, etc.,) are aggregated by relayers, and compressed with a cryptographic proof (zkSNARK) attesting to its validity.Because of these validity proofs and transaction data stored on-chain, users are always able to withdraw their assets from Loopring L2 to Ethereum L1.Loopring’s protocol token, LRC, is used in liquidity pools, an insurance fund, and governance of the protocol.Loopring released their first zkRollup (v3) in December 2019, and their new version (v3.6) in December 2020.Loopring’s latest audit was conducted by Least Authority in November 2020.

    Wie viele Loopring-Coins (LRC) sind im Umlauf?

    Die Ausgabe von LRC-Tokens wird durch Smart Contracts geregelt, aus denen Loopring-Protokoll besteht.

    What is Loopring?

    Loopring is an Ethereum based decentralized exchange protocol that is being created to allow users to exchange assets across various exchanges.Loopring isn’t a decentralized exchange by itself, but instead will facilitate decentralized exchanging using order matching and ring-sharing technologies.In short, it allows anyone to build high-throughput, non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs.

    Why ?

    The loopring protocol was designed to address numerous issues found in centralized exchanges, for a brief explanation checkout the last section of this page.

    What is Loopring (LRC)?

    To make an online trade, users place an order through the loopring.io wallet.The submitted orders are forwarded to the Loopring network and relayed to the smart contracts and off-chain relay nodes.Ring miners are the users who ensure that orders can be filled.They are compensated for helping organize the ring of orders with either a fee in the form of LRC or from a split-margin of an order’s final purchasing amount.

    What Is OMG Network and How Does It Work?

    OMG Network can process thousands of transactions per second, which can reduce the cost of operating on Ethereum by one third.

    What is the Reddit page for Loopring?

    The official Reddit community (subreddit) for Loopring is r/loopringorg.

    Wie wird das Loopring-Netzwerk gesichert?

    Loopring ist auf Ethereum- und Neo-Blockchains funktionsfähig, wobei geplant ist, auch den Support für die Qtum-Blockchain hinzuzufügen.Jedes dieser Netzwerke hat seinen eigenen Token: LRC und LRN für Ethereum beziehungsweise Neo.Der Token, der für das Qtum-Netzwerk gelauncht werden wird, wird LRQ heißen.

    Who Are the Founders of Loopring?

    The founder and current CEO of Loopring Foundation, which manages the development of Loopring protocol, is Daniel Wang, a software engineer and entrepreneur based in Shanghai, China.

    History of Loopring

  • in 2014.