Loopring is a blockchain protocol for Etherium Layer-2, built using zk-rollup. In other words, the company has come up with a system to reduce the commission, accelerate Etherium transactions. Advantages of the protocol: security, low fees for transfers, speed, commission for transfers inside Loopring (Ethereum Layer-2) is less than $1, almost instant transactions.

Loopring news today, LRC crypto latest news of token ticker

Loopring

Please take immediate action to withdraw and redeem any renBTC and renDOGE that you may have on Loopring, as the Ren network will be shutting down. It is important to do this ASAP! https://t.co/ZfaGoJ7HKQ

1) Important notice ⚠️

As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda

As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them! https://t.co/20vpGBc8W0

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Please take immediate action to withdraw and redeem any renBTC and renDOGE that you may have on Loopring, as the Ren network will be shutting down. It is important to do this ASAP! https://t.co/ZfaGoJ7HKQ

1) Important notice ⚠️

As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda

As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them! https://t.co/20vpGBc8W0