Loom Network is a platform as a Service (PaaS) blockchain solution that provides side chain development for Ethereum-based applications. Loom believes that decentralized applications (dApps) have their own unique needs in terms of consensus approaches and security measures, so they should be able to create and enforce their own rules to scale faster and more easily. Initially, Loom Network focused on blockchain-based social media and gaming Dapps. But it has since changed its business model to focus on providing enterprise blockchain applications for government agencies and healthcare providers. The Loom Network's ERC-20 token Loom is the practical token that powers the Loom Network.

Ethereum's second tier extension, which focuses on gaming and social networking.

Loom Network is a platform-as-a-service that allows Ethereum Solidity applications to run via side links. Applications can have consensus mechanisms that are specific to their requirements and specific models. Loom makes it easy to add distributed applications faster and easier, and uses disabled organization side chains with scalable DApps to revenge Mainnet's security.

Loom Network implements the vision of easily scaling decentralized applications (DApps) on the Ethereum blockchain using the following tools: Loom Network's software Development kit (SDK) entrusts Proof of Stake (DPoS) consensus method dAppChains as a layer 2 extension solution

1. Verify that the node pledges LOOM to participate in mining and get rewards; 2. Gas fees.

Loom Network runs on a proof of trust (DPoS) consensus mechanism. Much like the more common proof-of-stake (PoS) system, DPoS incentivizes users to confirm network data and secure the system by pledging collateral. However, the distinctive feature of DPoS is that the system is layered on voting and delegation structures, where stakeholders can not only pledge their collateral, but also have an active say in making consensus more efficient, transparent and democratic. In contrast to PoS, where nodes are typically granted the ability to process new blocks based solely on the total amount held by each node, DPoS systems allow users to delegate their own shares to nodes of their choice (called delegates), essentially choosing which nodes they wish to validate new blocks. Furthermore, unlike most PoS models, Loom Network's DPoS system is designed so that the finality of its transactions does not depend on the opportunity for all Network nodes to compete to validate a new block. By democratically selecting representatives of new blocks to verify in advance, DPoS consensus mechanisms are designed much faster than conventional PoS systems. This feature enables Loom's DPoS system to achieve transaction finalization faster than normal PoS based blockchains, significantly improving network scalability by generating faster transaction confirmations and reducing network latency.

LOOM is an ERC-20 token with a fixed total supply of 1 billion. The company keeps 35% of the total supply in a reserve fund to ensure the continued growth and longevity of the project, while 10% is held by team members and consultants. The remaining 55% of the token supply is in public circulation. In order for customers and partners to access the Loom Network, they need to have at least one Loom Network token. To use LOOM, businesses not only pay a subscription fee for the LOOM Web Platform as a Service (PaaS) model, but also pay a transfer fee to move assets between the LOOM network side chain and the Ethereum main blockchain. We discuss this side chain architecture in more detail below.

Loom Network initially focused on developing blockchain-based social media and gaming Dapps. Some of these dapps, including Crypto Zombies and Crazy House, are very popular. Despite Loom's relative success in this regard, it seems that many of the Dapps that Loom is attached to are having financial problems and never make it to the launch stage. Loom Network radically changed its mission and value proposition in 2019-20, shifting its focus to providing data accessibility to enterprise-level government departments and healthcare providers. Many government departments and healthcare providers in developing countries still rely on physical documents to store data, which can be cumbersome from an administrative standpoint. Loom Network's enterprise blockchain platform aims to provide storage and management services as a solution to address these needs and improve efficiency. Web participants will still use LOOM web tokens to pay for these new services. In 2020, Loom Network changed its business model again, implementing transaction fees and paying with Loom again. This monetization approach will help ensure that verifiers are compensated for their work protecting the Loom network. Transaction fees are paid by dApp developers, not end users, which means developers must deposit and maintain enough LOOM tokens to cover the cost of their dApp users interacting with the underlying blockchain. This process allows dApp developers to determine if and how they pass this cost on to the end users of the system. Shifts in Loom Network's business plan, development priorities, and company team structure have led to a great deal of public speculation about the safety and longevity of the project itself, but many are hoping that these recent developments will pave the way for improved monetization and increase as well as the overall long-term viability of the project.

Living with Ethereum with a high degree of dependency, the goal is difficult to achieve. No white paper transparency is poor, token unreasonable super hair serious.

There are more and more applications that are helping ethereum smart contract adoption, including a number of Ethereum side chains that should help Ethereum grow and thrive: Radien, POA, TomoChain focus on helping the expansion of Ethereum at the same time, Loom Network is focused on game inspiration and community applications to do the popularization of Ethereum education, there is a very large space for community growth.