Loopring
LRC

0.4005
$
12.04 %
Change 24h
Genesis
August 1, 2017
Market Cap
$ 497,292,000
Volume 24h
$ 122,441,000
Circulating Supply
1,246,500,000
Total Supply
1,374,510,000
LRC
$
Description
Loopring is an Ethereum zkRollup protocol - a type of layer 2 scaling solution. Layer 2s are an environment that sits above Ethereum, where transaction throughput can be increased, and transaction cost can be decreased. From a user's POV, that means faster, cheaper, gas-free transactions. Importantly, zkRollups maintain the complete self-custodial security guarantees of Ethereum. Loopring is also a collection of products built on top of its open source protocol. These products include a non-custodial exchange (AMM and orderbook), payments, and wallets, powered by Loopring zkRollup.