Loom Network (NEW) $LOOM

Loom Network is a pioneering blockchain application platform designed to propel Ethereum's functionality to the next level. Offering a comprehensive Layer 2 scaling solution, Loom Network leverages DPoS sidechains to foster the development of highly scalable blockchain games and user-facing DApps. All of this while maintaining the robust security of the Ethereum mainnet. With this cutting-edge approach, Loom Network has carved its niche as a solution akin to "EOS on Ethereum".

What is Loom Network?

Loom Network represents a significant leap in Ethereum's scaling capabilities. Launched into production in March 2018, Loom Network uses a network of DPoS sidechains to enable the creation of scalable games and DApps that retain the stringent security measures of Ethereum. This has made the platform a go-to choice for developers looking to build on a highly-scalable platform without compromising on security.

Live in Production

Since its launch in March 2018, Loom Network has been live in production, delivering its unique Layer 2 scaling solution to developers worldwide. Its scalability and compatibility with Ethereum have opened up new opportunities for developers to create DApps with enhanced functionality and security.

Highly Scalable Sidechains

Loom Network's DPoS sidechains, often referred to as "EOS on Ethereum," offer high scalability and throughput capabilities on par with alternative platforms like EOS. Despite providing this high performance, these sidechains remain compatible with Ethereum, offering a secure and efficient platform for the development of DApps.

Backed by Ethereum

Loom Network has not only built upon the Ethereum platform but has also contributed to its development. The platform has introduced the world's first Plasma Cash implementation, allowing Ethereum-based tokens to be used on Loom sidechains while retaining the security guarantees of Ethereum. This unique feature underscores Loom Network's commitment to providing safe, scalable, and user-friendly solutions for blockchain developers.