Loopring Announces Staking for Layer 2

Breaking News

Dec 8

Loopring has just announced their latest plan to open up staking for layer 2 protocols on their blockchain network following a community vote that passed the proposed measure.

LRC Staking is officially coming to Loopring L2💙

Thanks to the amazing turn out of the community, the quorum was easily reached and the vote was passed✨

Implementation will be prioritized in our roadmap immediately - look out for more news after the holidays🥳 pic.twitter.com/dCyKfaI7SU
— Loopring💙🏴‍☠️ (@loopringorg) December 8, 2022

The team at Loopring plans to announce more features following the holiday season and implement staking into their roadmap, and it’s safe to assume that benefits to the network will include faster transaction times.

Many cryptocurrencies have been exploring the option of staking with Chainlink also opening up early access to their staking pool for node operators and early users.

It seems, following the FTX collapse, that more users are curious to explore decentralized options instead of risking their assets on exchanges.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/

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