Loopring (LRC) Tausch

What Is Loopring?

Loopring is a decentralized platform that allows users to move cryptocurrencies across exchanges. The protocol in itself is not a decentralized exchange. Instead, it matches orders to enable a decentralized asset transfer. Essentially it is a non-custodial order book that runs on the Ethereum blockchain. The platform pools orders from multiple platforms, centralized and decentralized, and then matches them with participants in the protocol. Using Loopring comes with a benefit of higher liquidity.

For crypto investors, Loopring allows them to access the best possible prices without having to manually check different places. It is also important to note that Loopring is blockchain agnostic, and anyone with an implementable smart contract can integrate it into the Loopring protocol.

To keep the network functional, Loopring has miners who ensure that all orders are filled or that they get canceled when there is a need to cancel. These miners are paid in LRC, the native token of the ecosystem. They can then change them to any other crypto or fiat using an Loopring converter such as ChangeNOW. Here the process of LRC exchange won't take long and will be performed at most advantageous rates.