03/01/2023 Financial & Legal Services
The main cryptocurrency for the Loopring blockchain network is the ERC-20 token LRC. On the other side, it is a decentralised exchanges-supporting open-source blockchain system (DEXs). It is a layer 2 scaling solution hosted on the Ethereum mainnet.
The first zkRollup L2 to appear on the Ethereum platform was Loopring. The other Layer 2s, like Polygon, are generic to suit different niches, whereas it was specifically designed to enable the creation and deployment of decentralised exchanges.
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