Loom Network

Loom It was born of a desire to create a simple, fast, and extensible middleware platform that would enable developers and companies to build applications more efficiently on the Ethereum network. Middleware is often compared to "software glue." Ethereum faces scalability issues common to many public blockchain networks, especially those that require multiple network nodes to validate each new block of transactions added to the blockchain. The different consensus approaches that various blockchains choose to integrate into their respective protocols can significantly affect the speed of consensus, but all consensus mechanisms take time. ") This concept asserts that it is impossible to build a blockchain protocol that perfectly implements three main features: Create a truly balanced, state-of-the-art system And optimized for broad enterprise use. In other words, it is often necessary to compromise on one or more of these three areas due to scalability issues. 
 Various solutions to the scalability trilemma have been implemented. The Layer 1 solution is a solution that makes direct changes to the Layer 1 blockchain protocol itself. An example of this change is to increase the block size In order to pack more transaction data into each new block, The goal is to increase network scalability and transaction completion times. However, one of the disadvantages of increasing the overall block size is that each node must subsequently process more data-intensive blocks for finalization. It can be argued that in this example, the increased throughput may ultimately reduce decentralization because many network participants do not have the capacity to efficiently handle larger chunks. This, in turn, could make the barriers to entry too high for individuals and amateurs, while concentrating power in the hands of large and complex corporations. 
 The Layer 2 scale-out solution works by increasing network speeds without significantly increasing the burden on individual nodes. They do this by taking some of the required data processing out of the main blockchain network, thereby reducing the network liability of individual network nodes in the process. The Layer 2 solution does not change the protocols underlying the main blockchain, but rather improves operational efficiency by performing operations outside the main blockchain. Off-chain processes relieve the processing stress of the underlying blockchain protocol while still maintaining many of its security, decentralized, and transaction speed characteristics. 
第 2 页 Layer solutions often exist as smart contracts built on top of the original blockchain . As smart contracts, they have the ability to interact with external third-party software where part of the network's processing operations are migrated. Tier 2 development also allows the creation of "sub-chains" or "side chains," which are secondary chains connected to the main blockchain. Side chains can handle complex processing tasks and even host entire DApps while interacting minimally with the base-layer blockchains they anchor. This is exactly the type of system Loom Network provides for developers building DApps on the Ethereum blockchain. Dapps built on the Loom Network platform are given a dedicated dAppChain, which becomes their own unique side chain built on the Ethereum blockchain.

0x0391D2021f89DC339F60Fff84546EA23E337750f

Website

Explorer1

Research1

Whitepaper

Source Code

Telegram

reddit

Twitter

Facebook

medium

Loom Network (LOOM) Intro

Private Sale

James Duffy - Co-FounderLuke Zhang - Co-FounderMatthew Campbell - Co-Founder

Team

Media

Explorer

Bitcoin

Ethereum

Dogecoin

Litecoin

Ripple

Binance Coin

Tether

Solana

TRON

Bitcoin Cash

Ripple spot ETF approval unlikely this year, says Bloomberg analyst

Bloomberg Claims All 11 Spot Bitcoin ETF Will Be Approved Today

Bitcoin ETF Approval is Close to Done: Bloomberg Expert

Important Event

项目简介

Binance

Gate.io

KuCoin

Bitget

MEXC

Related Exchanges

Nirvana Capital

LuneX Ventures

NueValue Capital

RocketFuel

Cipher Ventures

BTC12

MiH Ventures

IOSG Venture

Feng shui money

MW Partners

Investment Firm

Token Distribution

First Financing

total financing

Project动态

Project Introduction

Project Vision

Solution

Basic Info

Project Implementation Mechanism

Token Usage Scenarios

Using The Algorithm

Mechanism

Release Mechanism

The Development Status Of

Characteristic

Market Risk

Points

Competition

Gist

Co-founder is a graduate of Georgia State University. He worked as an architect at Thomson Reuters and DigitalOcean.

Matthew Campbell 

The co-founder graduated from New York University. He worked as technical director at Elemica and Blockmason

Luke Zhang 

Co-founder is a Graduate of Virginia Tech. KoreaJobFinder is the founder of KoreaJobFinder, one of the largest English language job portals in Korea, and has been ranked among the top three key keywords in Google for many years.

James Duffy

Kyle Teague 

Georgios Konstantopoulos is a Plasma developer who does ethereum expansion through side chains, code reviews for smart contracts, in-depth reading of application cryptography, and experience in blockchain scalability and security research.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Upbit	1	Upbit	LOOM/KRW	60.7700	0.71%	$25,178,984.58	43.6188%	2024-09-16 20:16:03
2	Binance	2	Binance	LOOM/USDT	0.04831000	0%	$701,455.14	1.2152%	2024-09-16 20:19:12
3	Gate.io	3	Gate.io	LOOM/USDT	0.04494000	0.4%	$214,558.96	0.3717%	2024-09-16 20:19:11
4	Bitget	4	Bitget	LOOM/USDT	0.04498000	0.6%	$116,581.3	0.2020%	2024-09-16 20:19:16
5	Binance	5	Binance	LOOM/TRY	1.6540	0%	$37,449.54	0.0649%	2024-09-16 20:19:14
6	BingX	6	BingX	LOOM/USDT	0.04502000	0.78%	$30,038.06	0.0520%	2024-09-16 20:19:28
7	MEXC	7	MEXC	LOOM/USDT	0.04499000	0.67%	$19,350.42	0.0335%	2024-09-16 20:16:23
8	Binance	8	Binance	LOOM/BTC	0.00000075	0%	$12,492.19	0.0216%	2024-09-16 20:18:35
9	KuCoin	9	KuCoin	LOOM/BTC	0.00000078	5.95%	$6,330.15	0.0110%	2024-09-16 20:18:50
10	Upbit	10	Upbit	LOOM/BTC	0.00000078	2.63%	$2,651.79	0.0046%	2024-09-16 20:07:09
11	Gate.io	11	Gate.io	LOOM/TRY	1.5416	0.84%	$181.2	0.0003%	2024-09-16 20:16:45
12	BitMart	12	BitMart	LOOM/USDT	0.04500000	0.67%	$369,896.14	0.6408%	2024-09-16 20:19:38

	Volume(24H)	Trading Percent
Binance	Binance	$751,396.87	2.5526%	Visit
Gate.io	Gate.io	$214,740.16	0.7295%	Visit
KuCoin	KuCoin	$6,330.15	0.0215%	Visit
Bitget	Bitget	$116,581.3	0.3960%	Visit
MEXC	MEXC	$19,350.42	0.0657%	Visit
BingX	BingX	$30,038.06	0.1020%	Visit
Upbit	Upbit	$25,181,636.37	85.5463%	Visit
BitMart	BitMart	$369,896.14	1.2566%	Visit
XT.COM	XT.COM	$68,482.8	0.2326%	Visit
Indodax	Indodax	$37,853.46	0.1286%	Visit
CoinEx	CoinEx	$12,180.32	0.0414%	Visit

Market information

Price history

Information

Converter

Pairs

Trading platform transaction information

Trading Percent

More Attention