Review on Loopring by Olukayode Oyelami
LOOPRING
Loopring is a decentralized exchange protocol and an automated execution system built on Ethereum that allows it users to trade assets across exchange. Its pool all orders sent to its network and fill these orders through the order book of multiple exchanges.
It gives the exchanges access to cross blockchain and cross exchange liquidity and giving investors access to the best prices available on the broader market. Any platform that uses smart contracts can integrate with it.
On Loopring to begin trading traders do not have to deposit find into exchange. you are given autonomy over funds while trading, you can cancel, trim, or increase an order, you should note that this will affect your final order because the protocol's ring miners would be alerted to the wallet's balance before matching orders.
Pros
- - decentralized exchange platform
- - it allows anyone to run a node as a decentralized exchange.
- - its accessing multiple exchange at once.
- - it's users are able to realized liquidity many times greater than what's available in any single exchange.
Cons
- Noted non for now
New products
Comments (1)
May 11, 2020
Today, any successful crypto project will have looping around them. Sometimes, the best crypto currency platform or tokens have robust incentive loops built around them. The crypto currencies that graner the organic growth and the real world utility have an incentive loop as their basic structure, otherwise the project will collapse.
