Loopring (LRC)

by | Aug 18, 2021

About Loopring

Loopring is a decentralized trading and payment protocol built on Ethereum that aims to speed up the time it takes to make a transaction. On Loopring, trades are settled in seconds (or less) because they do not need to be confirmed by the Ethereum network. Instead, it provides a faster, low-fee alternative by utilizing layer 2 rollups. This process makes the protocol perform quickly and at scale without sacrificing Ethereum’s security. Loopring’s governance token, LRC, is earned by taking actions beneficial to Loopring’s ecosystem.

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