Loopring is a decentralized trading and payment protocol built on Ethereum that aims to speed up the time it takes to make a transaction. On Loopring, trades are settled in seconds (or less) because they do not need to be confirmed by the Ethereum network. Instead, it provides a faster, low-fee alternative by utilizing layer 2 rollups. This process makes the protocol perform quickly and at scale without sacrificing Ethereum’s security. Loopring’s governance token, LRC, is earned by taking actions beneficial to Loopring’s ecosystem.
What is Loopring (LRC)?
Discover the key facts about Loopring (LRC).
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Looking for more resources?
Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
