Loopring (LRC)

Loopring (LRC), is a decentralized cryptocurrency coin designed to facilitate token exchange on the Ethereum blockchain. The project was founded by Daniel Wang, in 2017 and has since become one of the top 50 cryptocurrencies by market capitalization. Loopring’s core mission is to facilitate secure, low-cost token exchange on the Ethereum network. What makes Loopring unique is its focus on security and low costs. By utilizing a system called zkSNARKs, Loopring is able to provide a secure system for digital asset transactions. Additionally, as Loopring’s decentralized protocol is open source, it can be used by any platform wishing to offer token trading on the Ethereum blockchain. This allows for a system to be built which is able to offer token exchange at a much lower cost than its centralized competitor. Loopring is used primarily as a token exchange platform, however it is being increasingly adopted by other services such as lending, payments, and asset tracking. Platforms wishing to take advantage of its low cost, secure transactions make up the bulk of Loopring’s users. Loopring can be bought and sold on a variety of exchanges, including Binance, Huobi, Changelly, and Bithumb. The LRC token can also be purchased directly from an approved wallet provider such as Coinomi, MyEtherWallet, and MetaMask. Additionally, users can unlock new features by staking their LRC in a validator node on the Loopring blockchain. Overall, Loopring has quickly become one of the top decentralized crypto projects. With its focus on secure and low-cost token exchange, Loopring is well-positioned to become a major force in the blockchain and cryptocurrency space.