Description
Loom Network, accessible through loomx.io, positions itself as a Layer 2 scaling solution for Ethereum, aiming to provide developers with the means to run large-scale applications. This is possible through the creation of DApps with smooth and real-time user experiences, addressing the common issues of scalability and transaction processing speed that plague many blockchain networks. Loom Network extends this offering by enabling multi-chain integrations across Bitcoin, Ethereum, Binance Chain, and others, facilitating a more interconnected and efficient blockchain ecosystem. At its core, the Loom Network facilitates the development of high-performance DApps by utilizing sidechains that are optimized for scalable user experiences. These sidechains not only help in managing high throughput but also ensure that assets can securely move between the main Ethereum blockchain and Loom’s Layer 2 chains. This is realized through the deployment of what they call “Basechain”, a highly scalable DPoS (Delegated Proof of Stake) blockchain, which acts as a backbone for these transactions and applications, offering features such as Ethereum compatibility, making it a versatile platform for de...
Loom Network, accessible through loomx.io, positions itself as a Layer 2 scaling solution for Ethereum, aiming to provide developers with the means to run large-scale applications. This is possible through the creation of DApps with smooth and real-time user experiences, addressing the common issues of scalability and transaction processing speed that plague many blockchain networks. Loom Network extends this offering by enabling multi-chain integrations across Bitcoin, Ethereum, Binance Chain, and others, facilitating a more interconnected and efficient blockchain ecosystem. At its core, the Loom Network facilitates the development of high-performance DApps by utilizing sidechains that are optimized for scalable user experiences. These sidechains not only help in managing high throughput but also ensure that assets can securely move between the main Ethereum blockchain and Loom’s Layer 2 chains. This is realized through the deployment of what they call “Basechain”, a highly scalable DPoS (Delegated Proof of Stake) blockchain, which acts as a backbone for these transactions and applications, offering features such as Ethereum compatibility, making it a versatile platform for de...
