GameStop’s Choice for NFTs: Loopring and LRC Explained

 

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Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.

zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015.

Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

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GameStop's Choice for NFTs: Loopring and LRC Explained

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Created by Sara Bauer and Richard Abermann

17 comments

  1. 🚀Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access. Join the Altcoin Buzz Access PRO Plan now starting from just $99 per month🚀 ➡https://bit.ly/AB_Access

  2. I’m a holder of lrc coin and continue to buy dips and Bitcoin shiba doge imx coin as well

  3. Why would you not include IMX? Ethereum, first ZK powered layer2 and primary partner of GameStop?

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