Loopring Price today
Loopring, also known as LRC, has a price today of 0,04$ and a market capitalization of 51.271.412$, which is 0,02% of the total. Loopring has a total of 1.395.076.096 coins in circulation.
In the last 24 hours, the price of Loopring has decreased -0,0008$, which is -2,00% of its valuation.
What is Loopring?
Loopring is an open source decentralized automated execution system. It’s a protocol that’s going to create a stronger financial system of the future. Its main aim is to create such a decentralized exchange architecture that will be widely used through the whole world.
Loopring trades across the crypto-token exchanges. It’s going to decrease the cost of trading and protect users from counterparty risk. Its advanced decentralized technology will remove the flaws of the centralized ecosystem.
Loopring is going to make the revolutionary development of the decentralized blockchain technology. It’s not working on a single decentralized exchange solution. It’s working as a team for the development of all exchanges. It’s going to create a network that reduces risk, guarantees best price for all traders and improve liquidity.
The Loopring project was launched in August 2017. Loopring has got a strong development team. Though operating with virtually nonexistent marketing, consistent community engagement has assisted Loopring.
There are issues with a hybrid exchange model. It includes both centralized and decentralized technology. Loopring is working to come up with a solution to these issues. It’s using a unique array and an open smart contract to accomplish various functions in the Loopring ecosystem.
- Loopring mechanism breaks orders into small pieces and exchange them with the best timing and trading. Thus, it provides order sharing.
- Loopring reduces the risk of Counterparty and Exchange.
- Loopring increase the liquidity of the blockchain platform.
- It provides a decentralized smart contract on the blockchain.
The Loopring ecosystem uses many different elements that work together to accomplish the entire exchange functionality. Its wallet service provides users to access tokens and to execute orders on the Loopring network. It uses nodes which are the ring mining elements. Loopring uses smart contract which manages all transaction properly.Visit website open_in_new
|Price in BTC||0.00000343 BTC|
|Current Supply||1.395.076.096 LRC|
|24h Volume (coin)||0 LRC|
|24h Volume (currency)||$0|
|Last updated||2019-08-19 15:05:38 +01:00 BST|
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