After a few days, since i've wrote a blog about the new possibility of adding new cryptos inside Publish0x platform for the remuneration protocol of each person who is writing/creating content inside that platform ... Voila!!!
Loopring was added ... One of the interesting cryptos out there inside the market.
After reading lots of news about Loopring LRC this tandem between LRC and Publish0x was on e of the best things that could happen'right at this very moment in time for the crypto market.
In one of the interviews with the CEO of LRC, Daniel Wang, the conversation touched a variety of subjects related to the role of LRC inside this vast crypto space, but also, included the motivation behind the design and its futuristic development, all its technical outlines that power its structure and so many other subjects ...
What caught my attention, were 3 major things, about what they've discussed, which i think are very important for this crypto space and LRC will be able to solve them ...
First subject was about the fact that, Ethereum won’t be able to solve all the scalability solutions for crypto market space. They won't be able to have only their own options to solve all those problems.
As the CEO, Daniel Wand mentioned, a large swathe of the crypto market is concentrating on developing scalability solutions, but as we all know, there are tones of approaches that are still under review. He mentioned very often the importance of a solid security inside the cryptonian space, and he also emphasized the use of layer two solutions, for example, solutions including Plasma, zk - rollups and zk - sync, which might be some major game changers to improve the overall efficiency and security protocol of the network.
The second subject was also very interesting, since the CEO Daniel Wang said that Loopring will launch soon a smart wallet for the chinese cryptonian market, which in my opinion will represent a totally imense step further inside the crypo space and will place LRC into a higher rank inside the cryptonian market.
As we all know, the digital wallets, which are already widely used in China, are providing access to an enormous number of users, but Daniel Wang said that Loopring will build a new smart wallet that will offer to a higher percentage of chinese citizens, the access to Ethereum dapps and this will take LRC to a much better scale for adoption.
The third point discussed in that interview was about the fact that Loopring next priority will be the Engineering and Equity Fundraising protocol. We all know about LRC ICO protocol from the year 2017, when, after raising about 120000 ETH the chinese authorities passed some laws regarding their ICO and they've must returning the majority of the funds raised.
It still amuses me, how, from something that was declared "decentralized" ... in some cases ... everything became very centralized ...
As i've seen, Daniel Wang and its team from Loopring LRC said that under their new prtocol, they are good to raise another round but through a new protocol of equity fundraising.
Sounds cool.
Let's see all its Journey, but,, as i've seen until now ... LRC will be a game changer inside the cryptonian space. Especially through the new tandem protocol made with Publish0x.
I still want to see Kyber Network inside that platform too :-)
( Not financial advice) about LRC ... do your own research and keep travelling inside the Cryptonian Planet ...
A simple visionary thought from an artist :-)
You can support my art through my "Pay with tokens" Protocol inside my webpage:
https://luciannagy.com/?page_id=758
Much appreciated.