What is the LOOM network?
Could you elaborate on the LOOM network? I've heard it mentioned in the cryptocurrency and finance circles but I'm not entirely sure what it entails. Is it a blockchain-based platform? Does it focus on specific use cases? I'm particularly interested in understanding its unique features and how it differs from other similar networks. Additionally, what are the potential benefits and challenges associated with adopting the LOOM network for financial transactions or other applications? Your insights would be greatly appreciated.