#353. Loom Network (LOOM)

The Next-Generation Blockchain Application Platform for Ethereum. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. What is Loom Network? Loom Network is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. Live in production Loom Network has been live in production since March 2018. Developers, start building on Loom today. Highly Scalable Sidechains Dubbed “EOS on Ethereum”, Loom’s DPoS sidechains provide the same high scalability and throughput promised by alternative platforms like EOS, while still being fully Ethereum-compatible and secure. Backed by Ethereum We built the world’s first Plasma Cash implementation, which allows Ethereum-based tokens to be used on Loom sidechains with the full security guarantees of Ethereum.

LOOM Price Analysis

The price of LOOM has gone down -8.14% in the past 24 hours.

Loom Network (LOOM) is a cryptocurrency token and operates on the Ethereum platform. Loom Network has a current supply of 1,000,000,000 with 970,244,588.674 in circulation. The last known price of Loom Network is $0.020694 USD and is down -3.36% over the last 24 hours. It is currently trading on 64 active market(s) with $2,939,700.127 traded over the last 24 hours. More information can be found at https://loomx.io/.