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Venezuela
2 Level
86 Review
264 Karma

Review on Loopring by Eve Vallenilla

Revainrating 4 out of 5

blockchain service to create non-custodial exchange solutions

Having control over our assets is the priority when it comes to using a decentralized e-commerce platform.

Loopring solves two of the main problems of the traditional banking system: centralization and currency price control.

How does this ecosystem solve these problems?

• Loopring is a blockchain technology platform that offers digital infrastructure development services for exchanges that operate without the control or intermediation of third parties.

• It allows you to carry out currency conversions from your own wallet, without the need to use other exchange channels. This is possible, thanks to the use of smart contracts for the automation of requests through the native token, making it possible to specify the trade operation when the correct value is achieved.

• Provides autonomy over the value of assets by defragmentation of orders, due to the use of the atomization process

• Eliminates the risk of participating in an exchange system subject to price variations and manipulation by third parties.



Pros
  • Virtual machinery to develop non-custodial asset exchange services
  • It has a wide variety of IT solutions through open access
  • Provides independence to store digital assets safely
  • Provides autonomy in price control in non-custodial exchanges
Cons
  • No disadvantages

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