Name: Loopring (LRC Token) Explained Simply
Uploaded: 2022-01-03T18:00:00+00:00
Duration: 2 min 1 s
Description: Loopring is an open protocol where developers can create decentralized exchanges through a zkRollup construction. This construction allegedly makes scalability possible and also uses smart contracts a

2 years ago

Loopring is an open protocol where developers can create decentralized exchanges through a zkRollup construction. This construction allegedly makes scalability possible and also uses smart contracts and zero knowledge proof circuits. LRC is the native token which can be staked to earn Loopring protocol fees. Another perk to staking a lot of LRC is that the settlement cost will be much lower for the DEX.

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