Loom Network (OLD) $LOOMOLD

Loom Network is an innovative blockchain application platform that aims to advance the capabilities of the Ethereum network. Acting as a Layer 2 scaling solution, Loom Network has designed a system of DPoS (Delegated Proof of Stake) sidechains, which significantly enhances the scalability of blockchain games and DApps while maintaining the robust security of the Ethereum mainnet. Coined as "EOS on Ethereum", Loom Network is a pioneering force in the blockchain space, leading the way towards a scalable and secure future for Ethereum-based applications.

What is Loom Network?

The Loom Network is a cutting-edge Layer 2 scaling solution for Ethereum that is live and productive. The project implements a network of DPoS sidechains. This unique setup makes it possible to develop highly scalable games and DApps that are user-focused, all while preserving the secure backing of the Ethereum network. Loom Network has been live in production since March 2018, offering developers a potent platform to build on.

Highly Scalable Sidechains

The Loom Network's DPoS sidechains have been baptized with the moniker “EOS on Ethereum”, which attests to their innovative character. These sidechains deliver on the high scalability and throughput that rival platforms such as EOS boast, but they also ensure full compatibility with Ethereum, not to mention solid security.

Backed by Ethereum

Loom Network is not only compatible with Ethereum, but it is also backed by it. The Loom Network team has developed the world's first Plasma Cash implementation, which allows tokens based on Ethereum to function on Loom sidechains with the full security guarantees that Ethereum offers. This implementation underscores the Loom Network's commitment to creating a secure, scalable environment for blockchain applications.