Review on Loopring [NEO] by José A Rodríguez
Loopring: Technical Blockchain of Protocols Designer for the Trading
Most projects depend on open-source protocols that give them a structure of a whole financial network for their services. This structure controls how services are provided as regards rates, outcomes, and time of transactions. Some of the projects which are controlled by these structures are exchanges, trading platforms, and markets. Loopring is a basic protocol that belongs to the blockchain network interested in trading and exchanging.
But the task that is executed here is more technical since the platform was designed to be a protocol builder connected to the Ethereum platform. There is a great flow of crypto in the platform, especially ETH ones. Users do not have to worry about it and how secure they are since the platform also provides a really safe interface with a non-custodial feature. The amount of crypto is considerably fine and this serves to boost new exchanges that are going to be supported by this network. And the best of all is that prices are reduced until making the site so affordable for users where they can trade properly, without worrying about fees, commissions in transactions, and others.
It currently counts with the 3.0 version of the exchange that was founded flowing the previous features explained. Users can find access easier than in any other blockchain project since they can interact rapidly with a secure connection to the metamask connection. But that's all that the page offers, there is no more service, and although the content is great, it is still limited.
Sincerely, Loopring has good features, but for me is not as appropriate as it seems. It is just another project sharing similar features, although a little bit improved. However, it still requires development, management, and professional support to be really practical in the marketplace.
Pros
- Technical design that contributes to the good interface the platform offers.
- Good and explanative content about the concepts of the platforms, and how it works with reliable practice.
- It is part of the Ethereum blockchain. All the transactions executed on it are directly connected to the main platform. The principal trading occurs in ETH.
Cons
- Project under development. It still must provide reliable information about the roadmap of the company, and goals were reached.
- Until now the content of the page is very limited. Certain types of areas require management.
- It has high competence in the market with lots of services offering similar features and sharing the same purpose.
