Loom Network (NEW)
LOOM
Loom Network (NEW) (LOOM) Feed: Events, News & Roadmap
LOOM/ETH Trading Pair to Be Delisted From KuCoin on November 24th
LOOM/ETH trading pair will be retired from KuCoin on November 24th at 03:00 UTC.
LOOM/USDT Trading Pair to Be Listed on KuCoin on November 22nd
Loom Network (NEW) is set to enhance its trading convenience on the KuCoin exchange.
Listing on XT
Loom Network (NEW) Events on the Chart
What is Loom Network (NEW)?
Loom Network is a platform as a service built on top of Ethereum, designed to help developers run large-scale decentralized applications. Launched on October 1st, 2017, its primary goal is to provide applications with the ability to access greater computing power or maintain consistent power at lower costs. Loom Network facilitates the integration of smart contracts with external systems, while allowing developers to continue using familiar programming languages.
The Loom Network operates on the Plasma scaling solution, enhancing transaction speeds across the network. It allows Ethereum Solidity applications to run on side chains, enabling these applications to have consensus mechanisms tailored to their specific needs and threat models. Loom’s infrastructure focuses on scaling decentralized applications (DApps) on the Ethereum network, utilizing DPoS (Delegated Proof of Stake) sidechains to provide scalability while maintaining the security of the Ethereum mainnet.
The LOOM token serves as a membership pass, granting holders access to all apps running on the Loom Network. It operates across all DAppChains within the Loom Network, enabling the transfer of digital assets and data between Ethereum and Loom DAppChains. The token’s multifunctionality enhances interoperability and user engagement within the Loom ecosystem.