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What is Loopring protocol and why is its token LRC scaling new highs?
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cnbctv18.comThe world of cryptocurrencies has been expanding at a dizzying pace. Ethereum, the second-largest crypto by market cap, for example, has already started work on an upgrade to cut transaction fees and scale-up processing speed.
But with the upgrade some time away, investors have been worried about the costs and speed of transactions. This is where the Loopring project comes in handy.Founded by Daniel Wang, an ex-Google software engineer, the Loopring Project aims to overhaul the Ethereum blockchain by multiplying the speed at which the existing smart contracts system operates.
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