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LRC is an ERC-20 token that powers transactions on the Loopring ecosystem. Loopring is an open-source, decentralized blockchain project and a non-custodial exchange protocol. The project uses zero-knowledge proof to allow users to develop order book based exchanges on Ethereum.
Loopring is a Layer 2 scaling solution. This means that it is built on top of Ethereum, which is considered Layer 1. So, Loopring exists as an additional layer and leverages its native token LRC and other cryptocurrencies to power transactions on its platform. Most importantly, exchanges built on Loopring will operate faster and with lower fees than Ethereum-powered exchanges.
Buying LRC has never been easier. With Coinmama, you can buy LRC from the comfort of your home or even via your phone while you are on the go! Our industry-leading customer service is available 24/7 to make your purchase simple, smooth, and secure. So, what are you waiting for?
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