Cryptocurrency Loom Network (LOOM): review, course and chart

Total offer 1,000,000,000 LOOM

The main creators are Luke Zhang, James Duffy, and Matthew Campbell. The project itself was launched in 2018, in Bangkok.

Loom Network is a new decentralized Ethereum-based platform. However, it is not considered a competitor in the field of financial activities. Loom Network goes beyond that and is designed to run a variety of scalable applications such as social projects, online games. Users will be able to vote and make small transactions.

At the same time, all developments will have their blockchain to reduce the load on the core network. As a result, the system will be faster and participants will be able to interact with it immediately. Developers can create their projects using the tools and templates that the platform offers. Creators aim to provide users with high performance and virtually unlimited scalability, reducing commission fees.

Smart contracts get different levels of priority. DApps have high priority and require increased security, so the commission will be higher. If the level is low, then the fees are reduced accordingly. In Ethereum, all applications are evaluated equally.

LOOM is an internal token (ERC20) with which you can access functionality.

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