3 Questions
What technology does Loopring use to process and route trades?
zkRollups
What type of experience does Loopring offer?
Centralized exchange
What is the native token of Loopring?
LRC
Study Notes
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Loopring is a layer-2 protocol that uses a cryptographic technology called zkRollups to process and route trades without ever requiring possession of the buyers’ or sellers’ funds.
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Loopring is orderbook-based, which is different from most DEXes. The experience of trading on a Loopring-powered DEX is more akin to the experience of trading on centralized exchanges.
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Loopring is founded by ex-Google software engineer Daniel Wang and is backed by some of the biggest names in the Ethereum space, including ConsenSys and OKCoin.
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Loopring is one of the oldest and most established DeFi projects, having launched in 2017.
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Loopring is currently in beta, and is expected to launch publicly in early 2022.
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Loopring is a decentralized platform that allows for the exchange of cryptocurrencies and other digital assets.
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Loopring is highly performant and can process 200 trades/transactions per second.
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LRC is Loopring's native token and holders can participate in governance and receive liquidity rewards.
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Loopring is planning major upgrades in 2022, including support for NFTs and other features.
Test your knowledge about Loopring, a layer-2 protocol utilizing zkRollups for processing trades without holding traders' funds. Learn about its unique orderbook-based system, native token LRC, performance, and upcoming upgrades.
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