Loopring: [LRC] A Deeper Dive


as cryptocurrencies make their way to the mainstream more and more traders are joining exchanges to get their piece of the pie loop ring is an open multilateral token exchange protocol for decentralized exchanges on the e theorem blockchain loop ring is intended to serve as a common building block with open standards driving interoperability among decentralized applications or adapts that incorporate exchange functionality trades are executed by a system of aetherium smart contracts that are publicly accessible for you to use and that any DAP can hook into loop ring is a decentralized automated execution system that trades across the crypto token exchanges shielding users from counterparty risk and reducing the cost of trading by pooling the liquidity of crypto currencies loop ring claims to be building the financial system of the future loop ring does not require members to send tokens to exchanges for custody tokens always remain in their blockchain addresses during the whole transaction lifecycle members can even transfer their tokens around after orders are submitted loop ring will automatically adjust trading amount at the initial price loop ring protects members from threats such as exchange bankruptcies and DDoS or distributed denial-of-service the loop ring mechanism allows an order break into small pieces identifies the best exchanges and times to trade those pieces on and applies game theoretical logic to optimize trading results loop ring was designed to be blockchain agnostic as long as blockchain has smart contract support loop ring can be implemented and all ERC 20 like tokens on such a blockchain can be traded under loop a loop ring offers benefits to both users and exchanges by deferring risk from both parties in decentralized smart contracts minimizing fees and cost to create more profitable orders through ring matching and order sharing and as a cross-platform protocol loop rings roadmap for 2018 looks amazing and I see it’s protocol being adopted not only within the ëthere iam based decentralized exchanges but also with the neo and cute tums blockchain building decentralized exchanges requires a lot of parts in place and is currently being built by several company and that’s where loop ring comes in loop ring is not partaking in the exchange business but has developed the protocol that decentralized exchanges use without getting too technical its protocol allows exchanges to swap aetherium or er c20 based coins with each other since 90% or more of the alt coins in existence are ERC 20 based the decision to focus on aetherium was clearly a wise one loop rings protocol also allows trading of non common pairs and helps with liquidity by executing trades with intelligence and lowers fees and costs while loop ring does have a technical advantage over its competitors the reason why I like it the most right now is that it has strong ties with the Chinese community and other crypto companies loop ring is a China based company that came on to the scene in 2017 the backers are incredibly loyal and strong the team is small but is composed of people who know what they’re doing loop ring CEO Daniel Wang has worked at Google jvcom and has held many other impressive jobs within Asia its CMO Jay Zhou has worked at E&Y and PayPal as for the advisors the biggest one has to be da Hong Fei which is Neos founder and CEO Daniel and da have been longtime friends for those of you that don’t know neo is considered the etherium of China it is the largest enterprise base block chain in China and in all of Asia by market cap loop ring will soon be developing its protocol for Neos blockchain as well as cute um which is another large enterprise block chain from China this is important as no one else is doing this when loop ring is done it will be air-dropping free tokens given to the holders of lrc free airdrops is a big deal since everyone likes free money this alone usually causes a huge rise in the price lastly it was rumoured that loop ring was brought in to help neo finish developing their next exchange specialty on some cross chain swaps this means that aetherium based coins can soon be swapped with neo based coins and vice versa if true this is extremely exciting the white paper is super super technical but worth at least a glance over and for Christ’s sake guys this is not financial advice go do some more research of your own and please do not depend on me to make your fortune I know most of you don’t and I really do appreciate you guys I certainly sense a great community here and I know you guys got my back let’s make 2018 a year to remember and as always thanks for watching

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