Ano ang Loopring? (LRC)
The Beginner’s Guide
Ang Loopring ay isang software na tumatakbo sa Ethereum na naglalayong mapasigla ang isang pandaigdigang network ng mga user upang mapatakbo ang isang platform na nagbibigay-daan sa paglikha ng bagongmga uri ng crypto asset exchange.
Isa sa isang umuusbong na bilang ng decentralized finance (DeFi) protocols, Loopring uses multiple na mga cryptocurrency, kabilang ang sarili nitong LRC cryptocurrency, upang magkasama na magbigay para sa platform na ito.
Pinaka-kapansin-pansin sa lahat, inaangkin ng Loopring na ang platform nito ay papahintulutan ang mga nalikhang palitan na mag-sidestep sa mga slow speeds at mataas na gastos na kaugnay sa desentralisadong palitan sa Ethereum sa pamamagitan ng paggamit ng isang mas bagong uri ng cryptography na tinatawag na zero-knowledge rollups, o zkRollups.
Sa mga zkRollup, iginiit ng Loopring na ang mga palitan nito na nag-aalok ng mas mabilis na mga settlement para sa mga trader. Sa halip na direktang pag-ayos ng mga trade sa Ethereum blockchain (tulad ng ginagawa ng iba pang desentralisadong palitan), pinapagana ng zkRollups ang mga palitan ng Loopring upang kumpletuhin ang mga key computation sa ibang lugar.
Ang ideya ay na mabawasan nito ang bilang ng mga transaksyon na kakailanganin upang isumite ng Loopring exchange sa Ethereum network, sa gayon ay itaas ang bilis at bawasan ang mga gastos para sa mga trader.
Taliwas ito sa iba pang desentralisadong palitan, kung saan ang mga trade ay nangangailangan ng mga transaksyon na kumpirmahin ng Ethereum network, na kumukuha ng minuto sa halip na mga segundo o milliseconds.
Who Created Loopring?
Loopring was founded by Daniel Wang, a software engineer based in China who worked at internet companies including Google and JD.com.
In 2017, Loopring conducted an initial coin offering, raising 120,000 in ether worth $45 million. However, a tightening of regulations around such offerings in China at the time later prompted Loopring to return much of their public sale funds.
The team returned about 80% of the funds raised, according to Wang, and the Loopring team continued to develop its exchange with the remainder of the proceeds.
How Does Loopring Work?
Loopring’s key value proposition is the cutting-edge cryptography it integrates on its platform.
As such, it’s important to note zkRollups are just one proposed way of making the Ethereum blockchain more suitable for DeFi applications. Competing cryptographic proposals include xDai, Matic, Optimistic Rollups and Plasma.
ZkRollups are considered promising by some advocates, as they take advantage of a known form of cryptography called zero-knowledge proofs, a technique that lets a computer program make a claim about data without actually sharing the data.
As an example, a zero-knowledge proof might enable a government agency to verify that you are above the age required to access a website, without revealing your exact birthdate.
Using this same technique, zkRollups bundle hundreds of transfers into a single transaction, which allows fast and cheap trades to first occur outside the Ethereum blockchain.
These transactions are then settled on the blockchain, where zero-knowledge proofs are used to confirm that off-chain transactions are accurate.
zkRollups on Loopring
In order to begin trading on a Loopring exchange, users must first send their funds to a smart contract managed by the Loopring protocol.
From there, Loopring exchanges move the computation necessary to complete trades off of the main Ethereum blockchain. This includes information such as a user’s account balances and order histories.
Loopring then settles transactions on the Ethereum blockchain to finalize trades between users that were first matched off-chain. These trades are batched to reduce cost and increase speed. Loopring claims it can perform over 2,000 trades per second with this technique.
Each batch of transactions is then added to the Ethereum blockchain with zero-knowledge proofs that allow anyone to reconstruct the transactions that took place off-chain.
This allows users to be confident that the transactions are genuine and that they have not been tampered with by any unwanted parties.
Bakit may value ang LRC?
The Loopring cryptocurrency, LRC, is necessary for key operations on the protocol.
For instance, anyone who wishes to operate a decentralized exchange on Loopring must lock up at least 250,000 LRC, which enables the operator to run an exchange that uses its on-chain data proofs. An operator must stake 1 million LRC to run an exchange without this feature.
Further, LRC helps incentivize the proper use of the Loopring network. Exchange operators who deposit LRC could even have deposits confiscated by the protocol if they operate exchanges poorly. These confiscated funds would then be distributed to users who choose to lock up LRC.
Elsewhere, any user can stake LRC to earn a portion of trading fees paid to the protocol.
Some 70% of fees are distributed to users who stake LRC. A further 20% is allocated to the Loopring Decentralized Autonomous Organization (DAO), which is designed to allow a pool of funds to be spent at the discretion of Loopring users in future.
Finally, 10% of fees are burned. This means the total supply of LRC will decrease over time, putting pressure on its price. The total supply of LRC is capped at 1.395 million tokens.
Mga Crypto Guide ng Kraken
- What is Bitcoin? (BTC)
- What is Ethereum? (ETH)
- What is Ripple? (XRP)
- What is Bitcoin Cash? (BCH)
- What is Litecoin? (LTC)
- What is Chainlink? (LINK)
- What is EOSIO? (EOS)
- What is Stellar? (XLM)
- What is Cardano? (ADA)
- What is Monero? (XMR)
- What is Tron? (TRX)
- What is Dash? (DASH)
- What is Ethereum Classic? (ETC)
- What is Zcash? (ZEC)
- What is Basic Attention Token? (BAT)
- What is Algorand? (ALGO)
- What is Icon? (ICX)
- What is Waves? (WAVES)
- What is OmiseGo? (OMG)
- What is Gnosis? (GNO)
- What is Melon? (MLN)
- What is Nano? (NANO)
- What is Dogecoin? (DOGE)
- What is Tether? (USDT)
- What is Dai? (DAI)
- What is Siacoin? (SC)
- What is Lisk? (LSK)
- What is Tezos? (XTZ)
- What is Cosmos? (ATOM)
- What is Augur? (REP)
Bakit kailangan kong gumamit ng LRC?
You should use LRC if you believe traders will continue to use decentralized exchange venues in concert with traditional options, and that Loopring has an advantage over alternatives due to the novel cryptography it uses.
Users may also be interested in the increased trading opportunities decentralized exchanges allow. When used in conjunction with an exchange like Kraken, users may also be able to spot arbitrage opportunities between the wide range of accessible markets.
Further, Loopring may also be of interest to investors who seek to access a wide range of projects built on the Ethereum blockchain.