Review on Loopring by LUIS RIVERO R
Protocol to create DEX exchanges
It allows anyone to create an infrastructure for high-performance, decentralized exchanges based on the etherium network.
The novelty of this project is that the transactions are processed alternately in the Loopring network, which is highly secure open source and audited.
In general this is a platform to create decentralized exchanges using loopring code, open source and fast transactions. Their support is based on the exchange as such and that it is implemented by other users, that is, they create their own exchanges thus increasing the demand for their token since it moves the entire platform.
Pros
- Security in your open source protocol.
- Ato performance executed on underlying strings.
- Reduced costs in operations, reduction of gas consumption using eth.
- Token backed with its platform.
Cons
- Relatively new project.
- Currently its platform is in Beta version.
