Loopring is a layer-2 scaling solution built on the Ethereum network.
With a focus on improving the performance and security of decentralised exchanges (DEXs), Loopring uses a technology called zkRollups to achieve transaction throughput of up to 1000x the regular Ethereum network at 1/100th of the cost.
LRC is the native token of the Loopring network. It’s used to pay for transactions and take part in governance decisions, and is paid out to those who participate in the network’s liquidity pools.
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