Loom Network (LOOM) offered a blockchain platform for scalable decentralized applications (dApps). More
| Fully Diluted Valuation | $1.87M |
|---|---|
| 24H Trading Volume | $147,794 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 1.24B |
| Total Supply | 1.30B |
| Max Supply | ∞ |
| Categories | Ethereum Ecosystem 2 more |
|---|---|
| Founder | James Duffy 2 more |
| Website | loomx.io |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Energi 3 more |
| Contracts |
0x424....3f75d
1 more
|
| Name | Pair | OG Score |
|---|
Loom Network (LOOMOLD)
Loom Network (LOOM) is a blockchain platform designed for building scalable decentralized applications (dApps). It aimed to address scalability issues faced by many blockchain networks by using sidechains to offload computation, allowing for faster and cheaper transactions.
Features and Technology
Loom Network offered developers a software development kit (SDK) called the "Loom SDK" to simplify the creation of dApps. The platform utilized delegated proof-of-stake (DPoS) as its consensus mechanism, which was more energy-efficient compared to proof-of-work (PoW) used by networks like Bitcoin.
Founders and History
Loom Network was founded in 2017 by James Duffy, Luke Zhang, and Matt Campbell. The project gained attention for its approach to scalability and attracted investment from notable venture capital firms.
Rebranding and Current Status
Following the rebranding, Loom Network pivoted to focus on building blockchain infrastructure for gaming and non-fungible tokens (NFTs). The platform launched new products and initiatives, including the integration with Ethereum for enhanced scalability solutions.
Conclusion
While LOOM represented the initial vision of Loom Network, the project has since evolved and rebranded to focus on different aspects of blockchain technology. The shift in focus reflects the dynamic nature of the blockchain industry, where projects continuously adapt to meet the evolving needs of users and developers.
Loom Network (LOOM) stood out for its approach to scalability, using sidechains to enable faster and cheaper transactions for decentralized applications (dApps).
Loom Network (LOOM) was founded by James Duffy, Luke Zhang, and Matt Campbell in 2017.
You can buy Loom Network (NEW) (LOOM) on Gate.io, Binance US, Bitunix, CoinEx, Indodax cryptocurrency exchanges.
Join
OGAudit
