by euthrow
Loopring (LRC): What it is and why you should know about it.
https://www.reddit.com/r/CryptoCurrency/comments/7604ei/loopring_lrc_what_it_is_and_why_you_should_know/What is loopring?
If I thought Loopring was going to be just another DEX it wouldn't be worth my time. It is not a decentralized exchange. It is an exchange PROTOCOL. I believe the Loopring protocol presents a big step forward in furthering the efficiency of crypto trading (especially decentralized crypto trading).
Here are some 4 key quotes from their website/whitepaper/documents section that describes what Loopring does:
1 "The Loopring mechanism allows orders to be broken into small pieces, identifies the best exchanges and times to trade those pieces on, and applies game theory logic to optimize trading results."
2 "Loopring is a decentralized, automated trading intelligence interface between crypto exchanges and blockchains, using our balance sheet to enable users to realize liquidity many times greater than available directly in the market, by both generating liquidity within the platform and breaking orders into small pieces that are placed across all market venues simultaneously."
3 "Loopring allows multi-token transaction exchange, as well as acceptance of exchange of liquidation on the blockchain under different circumstances. Loopring offers benefit to both users and exchanges by deferring risk from both parties in decentralized smart contracts, minimising fees and cost to create more profitable orders through ring-matching and order-sharing, and as a cross-platform protocol."
4 "Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. By essentially rising the liquidity of cryptocurrencies, we are building the financial system of the future."