Loom Network LOOM

Loom Network is building a framework for people around the world to create what they call “side chains” – those would allow every decentralized application, video game and social app to function on their own blockchain, providing immense speeds and security, while at the same time connection to the main Loom Network. The whole idea is that every developer will get the opportunity and tools to build any number and type of their own blockchains without necessarily having to spend a lot of time or money. The description that Loom team uses is basically “build your blockchain” kit. The blockchain uses what is called a “delegated Proof-of-Stake” – that is done in order to guarantee the lightning fast transaction speeds going above and beyond anything currently on the market. That being said, the Loom Network is secured by Ethereum. Their team is implementing Plasma in order to allow all users to move their funds and resources without even the hint of risk of being victim to the possibly faulty sidechain algorithm. Putting everything together, Loom Network aims to revolutionize how we consume and build video games, as well as social apps.

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• Token Smart Contract: 0xa4e8c3ec456107ea67d3075bf9e3df3a75823db0
• Symbol: LOOM, Decimals: 18