Loopring
LRC
Crypto
Decentralised Networks
USD 0.0088+0.58%
Loopring
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL2
L1/L2Other
Sub-cateegoryethereum
Ecosystem2017
Year of creation
Description
Loopring (LRC) is a Decentralised Networks crypto token. Loopring was founded on 2017-08-01 on the ETHEREUM ecosystem. More information can be found at https://loopring.org.
Key Technical Advantages:
zkRollup Exchange and Payment Protocol: Loopring 3 leverages zkSNARKs to significantly improve throughput. It processes most work off-chain while verifying the work on-chain, offering higher throughput and lower costs. Off-chain balances: Loopring 3 uses Merkle trees to store off-chain balances, enabling trustless and secure token transfers. Users can deposit and withdraw tokens to/from smart contracts, and balances are updated in the Merkle tree. Merkle Tree structure: Loopring 3 employs a specific Merkle tree structure that balances complexity, proving times, and user-friendliness. It allows for a single account to be used for all tokens, a single nonce for every account, and efficient token balance updates. Operators and Blocks: Loopring 3 uses an operator system to create, prove, and submit blocks. Operators can be a simple Ethereum address or a complex contract for collaboration. Block submission must be done sequentially to update the Merkle tree from an old state to a new state. NFT support: Loopring 3 supports minting, transferring, and trading of ERC1155 and ERC721 NFTs directly on layer 2 (L2). NFTs on layer 1 (L1) can also be deposited to L2. Content summarized by AI chatbotSource:
https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.mdKey figures
-87.2%1Y
-94.9%3Y
-98.0%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
30.08.2022
USD 3.41
All Time High
0.26%
% of All Time High
-99.78%All Time
-90.47%1 year
Max drawdown
#884
Ranking by Market Cap
11.96 M
Market cap (USD)
0.00%
% of Market
489.810 B
Category Market Cap (USD)
0.00%
% of Category
1373873397
Circulating Supply
1368406998
Liquid Supply
99.60%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
668380
Volume Traded
8.35%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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