Loopring LRC

$0.1056
Market Cap $ 60.439 MM (#94)
24h Volume $ 3.743 MM
Chg. 24h: 2.80%
Algo. score 3.6/5  (#128)
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Loopring project purpose and description

Loopring clarity of purpose

Loopring purpose and aspects

Decentralized Exchange, decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading, Zero risk: Loopring does not require members to send tokens to exchanges for custody. Tokens always remain in their blockchain addresses during the whole transaction life cycle, Order Sharing: allows to order break into small pieces; identifies the best exchanges and times to trade those pieces on; and applies game theoretic logic to optimize trading results; Cross-chain protocol

Loopring categories

ExchangeDecentralized exchange

Short description

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 reduce the cost of trading. By essentially rising the liquidity of cryptocurrencies, we are building the financial system of the future.

Abstract

Loopring is an open, multilateral token exchange protocol, for decentralized exchange on the Ethereum blockchain. Loopring is intended to serve as 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.

Link to Roadmap: https://medium.com/loopring-protocol/loopring-2018-rnd-roadmap-33b423526669
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