LRC is the native token of the Loopring platform. Loopring performs most operations, including trade and transfer settlement, of the Ethereum blockchain. This dramatically reduces gas consumption and overall transaction cost to small fractions of the comparable on-chain costs. The motive behind the launch of Loopring is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy its unique advantages and eliminate inefficiencies. What is Loopring (LRC)? Loopring was founded by Daniel Wang in August 2017 when it launched its initial coin offerings (ICO) but was launched in the Ethereum blockchain as an ERC-20 token in 2019. Loopring powers highly scalable decentralized exchanges and payments by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of Ethereum is no longer the bottleneck. Loopring is an open-sourced, audited, and non-custodial exchange and payment protocol. Nobody in the Loopring ecosystem needs to trust others. zkRollup assures assets are always under users’ own control; 100% Ethereum-level security guarantees. Now, we shall look at the Loopring (LRC) price analysis for the coming years. Flashback: Fundamental Analysis of Loopring (LRC) Loopring is presently positioning itself as the master in Layer2 (L2) applications. One of the recent use is its integration to Beta GameStop NFT. This saw its price su...
