What is LRC Loopring?

Loopring (LRC) is an ERC-20 token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs.

How many Loopring coins are there?

The total supply of LRC is capped at 1.395 million tokens.

When was Loopring created?

2017
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 will pool all orders sent to its network and fill these orders through the order books of multiple exchanges.

Is Loopring a rollup?

Loopring is a ZK-Rollup solution designed to help Ethereum scale. It aims to increase transaction speed and lower costs by using ZK-SNARKs to bundle transactions.

Is Loopring decentralized?

Loopring is a Zero-Knowledge Rollup (zk-Rollup) protocol. The latest version deployed is Loopring 3.8 constitutes a performant and secure solution for decentralized protocols. The protocol uses the Loopring relayer to a zk-Rollup run.

Is Loopring a token?

Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Is Loopring a Dex?

According to the whitepaper, Loopring is an open protocol for building a decentralized exchange protocol (DEX) on the Ethereum blockchain.

Is Loopring a Blockchain?

Loopring has utility It’s based on the Ethereum (CRYPTO:ETH) blockchain, already noted for its top-notch security, but using what’s called Layer 2 (which carries out transactions off the blockchain to avoid congestion) avoids Ethereum’s slowness and high fees. Additional features and utilities are under development.

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