Questions tagged [loom network]

JejuJoyfulHeartSoulMate Mon Oct 28 2024 | 7 answers 1259

I'm interested in understanding the main purpose of Loom Network's Dapp chains. I want to know what they are primarily designed to do and how they fit into the overall Loom Network ecosystem.

BlockchainVisionary Sat Oct 26 2024 | 7 answers 1525

Loom Network is a platform that provides scalable blockchain solutions for developers. It aims to solve the scalability issues of existing blockchain networks by offering a Layer 2 solution that enables high-performance decentralized applications.

SilenceStorm Fri Oct 25 2024 | 5 answers 989

LOOM Network Coin, or simply LOOM, is the native cryptocurrency of the LOOM Network. This network is a blockchain-based platform specifically designed to enhance the scalability of Ethereum-based decentralized applications (DApps), particularly in the gaming and social media sectors. LOOM serves multiple roles within the ecosystem, including as a gas fee for transaction execution, a staking token for network security, and a governance token for community voting.

Andrea Wed Oct 23 2024 | 7 answers 1081

I'm interested in understanding the potential of the LOOM network. Could you provide an overview of its capabilities and the possible opportunities it presents?

Nicola Wed Oct 16 2024 | 5 answers 1027

Loom Network is a project focused on building infrastructure to provide scalability solutions for Ethereum. It is described as 'EOS on Ethereum' due to its DPoS sidechain network allowing highly scalable games and user-oriented DApps to run on it. The CORE product, Loom SDK, enables developers to concentrate on application logic while the SDK handles blockchain complexities. Loom Network addresses Ethereum's congestion and low performance issues, offers resource isolation to prevent resource contention, and applies blockchain technology to improve trust and fairness in the online gaming industry.