This article was first published on Loopring Protocol - Medium
As 2018 wraps up, we wanted to take a quick look back to see what we’ve accomplished and what we’ve learned, all to ensure Loopring keeps improving in the years ahead.
It’s been a rollercoaster year for the entire ecosystem. Prices have fallen, innovation has risen, and things are starting to become usable and useful! The one constant has been a lot of amazing teams continuing to #buidl, and we are extremely enthused about the future of blockchain technology, Ethereum community, non-custodial value exchange, and so much more.
The winter may be cold, but the projects and protocols adding real value will come out stronger than ever; most people agree that this shakeout was necessary. It’s hard to believe what has transpired in one short (crypto) year — within the general field, and within Loopring itself.
We want to express our appreciation for our unbelievably supportive community, third-party builders, partners, industry peers, and everyone else that makes this space so special. We’re truly grateful.
In 2018, we deployed Loopring 1.0, 1.5 and 2.0 on Ethereum mainnet. Loopring 1.0 implemented Ring Matching; allowing multiple orders to be stitched together across trading pairs in order rings; Loopring 1.5 introduced Dual Authoring technology to prevent the nefarious front-running problem, and middlemen from stealing orders.
Loopring 2.0 launched recently. Amongst other powerful features making Loopring much more efficient and versatile, we designed an innovative token fee model, and became the first blockchain project to support traders paying fees with any ERC20 token. Loopring users are no longer required to purchase and own LRC first. We hope this flexible fee model will not only reduce friction, but also facilitate integration of Loopring Protocol by third-party decentralized trading platforms that have already issued tokens — and actually help provide more value for their tokens.
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Loopring Protocol - Medium