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$0-8.35%
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Loom Network (NEW)
More Detail
$0
-8.35%
Total dollar volume24H
$167,643
High24H
0.04792 USDT
Low24H
0.04297 USDT
Market Cap
#527$54,452,365
FDV
$56,953,000
Market Cap / FDV Ratio
0.96
Turnover rate
0.31%
Circulating supply
1,242,920,898
Total supply
1,300,000,000
Max supply
∞
All time high
0.49929 USDT
All time high date
Oct 15, 2023
Down from All time high
-91.23%
Cycle low
0.03968 USDT
Cycle low date
Sep 06, 2024
Up from cycle low
10.41%
Official links
Website
White paper
Socials
Twitter
Telegram
Reddit
Introduction

Loom Network is an advanced blockchain application platform that enhances Ethereum's capabilities. It utilizes DPoS (Delegated Proof of Stake) sidechains to enable scalable blockchain games and decentralized applications (DApps) with the robust security of the Ethereum mainnet, akin to integrating EOS's scalability within the Ethereum ecosystem.


Overview of Loom Network:

Loom Network stands as a production-ready Layer 2 scaling solution for Ethereum, featuring a constellation of DPoS sidechains. This architecture facilitates the creation of scalable games and DApps that benefit from Ethereum's security layer.

Operational Since March 2018:

The Loom Network has been operational and available for developers since March 2018, inviting them to build on its platform.


Scalability Through Sidechains:

Often referred to as 'EOS on Ethereum,' Loom Network's DPoS sidechains offer a level of scalability and processing capacity comparable to that of EOS. This is achieved while maintaining full compatibility and security within the Ethereum network.


Ethereum's Security Foundation:

Loom Network has pioneered the first implementation of Plasma Cash, a framework that enables tokens from the Ethereum blockchain to be transacted on Loom's sidechains without compromising Ethereum's established security measures.

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