Review on Loopring by Julio Varela
Loopring
Loopring is a project especially aimed at entrepreneurs who want to develop their own exchanges, currently the project is available in a beta version with which It will be possible to analyze the performance and demand of its users in addition to the fact that with this new exchange generator it will establish a demand for tokens in the market In addition to being an ethereum-based project, it will reduce gas consumption in its exchanges. This project is decentralized providing excellent security and providing multiple options to its users. In addition to being using a loop code to generate your exchanges with optimal security and excellent speed in your operations. In addition to the fact that the platform gives its users full power over their assets in the operations, since the orders in the exchanges can be edited in the same way, the user will be notified of the Balance of your assets in the wallet before reconciling the operation
Pros
- Guaranteed security by being decentralized
- Low cost operations and reduction of gas use in ethereum
- Token backed by your platform
- P2P transactions
Cons
- Relatively new project
