Is Loopring (LRC) safe?
Loopring is a Layer 2 scaling solution. This means that it is built on top of Ethereum – so, Loopring exists as an additional layer. Exchanges built on Loopring operate faster and with lower fees than Ethereum-powered exchanges. It is an open-source protocol that acts as an intermediary between different exchanges, allowing users to swap tokens without having to trust a third party.
Loopring’s network is built on a secure infrastructure that is designed to protect users from various forms of fraud and malicious attacks. Loopring is considered to be a safe and reliable platform for exchanging digital assets.