Glossary
Definition of terms
Last updated
Definition of terms
Last updated
The target token to trade. For example, in the LRC-ETH trading pair, LRC is referred to as the base token.
Decentralized Exchange - An exchange that uses self-custodial wallets ensuring each person retains their assets at all times.
The signing algorithm is used by Loopring to sign off-chain requests. EdDSA is more circuit friendly compared to Ethereum's ECDSA algorithm.
A hash of NFT parameters: minter address, NFT type, NFT ID, token address, and more.
User requests are sent to the Loopring Exchange using Loopring's API.
User requests are sent to the Loopring Exchange through Ethereum transactions.
The token to quote price. For example, in the LRC-ETH trading pair, ETH is referred to as the quote token.
Loopring Exchange's backend system that handles order matching and settlement, deposits, withdrawals, Zero-Knowledge Proof generation, etc.
The quantity of the base token in an order or a fill.
The quantity of the quote token in an order or a fill
A method by which one party (the prover) can prove to another party (the verifier) that they know a value x, without conveying any information apart from the fact that they know the value x.