Review on Loopring by Robiul Islam
An open-sourced token exchange protocol for decentralized exchanges.
Its biggest advantage is the ease of execution by dapps and dexs, it is an open toss token exchange protocol for decentralized exchanges. The protocol works on three separate blockchains; Ethereum, Neo and Qtum. It is an "Automated Execution System" that provides business opportunities through various cryptocurrency exchanges. It's trade is done through a set of smart contracts that are open and free and can use decentralized applications.
Pros
- This is not a dex, a module protocol that can be integrated into dexs and dappS to allow them to do cross-exchange trading.
- It should also not be compared to BTC and other P2P transaction-based cryptocurrencies. Although it can also be used for P2P transactions, the purpose of its creation is to use the platform as a gas and as a reward.
- This is a blockchain agonistic protocol, which means it can be easily implemented on any public blockchain that supports the functionality of smart contracts.
Cons
- No noticeable concerns, It has managed to score many partnerships over time, Also it has been integrated into several dApps and wallets.
