Review on Loopring [NEO] by Toprak Dere
About Loopring [NEO]
I just purchased $LRC today on #MXC_Exchange I think $0.5 is coming, I will just hold and accumulate more when it dips again. $LRC is good project that you need to look into and put some money.
Loopring functions as a second layer to Ethereum. It bundles thousands of transactions into individual blocks using zkRollups and submits the block as a single transaction on the Ethereum blockchain.
Although anyone can build a DEX on Loopring, the project has not had much luck in convincing large players to do so. As such, Loopring created its own Loopring DEX which recently surpassed 6000 users. No KYC/AML documentation is required to use the Loopring DEX, just a Web 3.0 wallet
![img 1 attached to Loopring [NEO] review by Toprak Dere](https://images.revain.org/blob/review_3548495f_f1d5_4a56_95c0_924fccd0d963_image_0_d3e46d5bff.jpeg)
Pros
- high security
- Opportunity to make high profits with little investment
Cons
- using a centralized exchange
