Loopring
LRC

0.6136
$
2.33 %
Change 24h
Genesis
August 1, 2017
Market Cap
$ 761,571,000
Volume 24h
$ 140,092,000
Circulating Supply
1,246,500,000
Total Supply
1,374,380,000
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.
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