LoomNetwork is a platform-as-a-service based on Ethereum that allows developers to run large-scale, decentralized applications. This allows developers to leverage the trust and security of the world's safest public blockchain and the computing resources needed to run commercial-scale services to build DApps. Like Filecoin tokenizing disk space, Loom is designed to be the token-based application protocol for new decentralized networks. LOOM tokens are used for all products and services offered by LoomNetwork.
2. Basic Information
- Name: Loom Network
- Abbreviation: LOOM
- Founder: Matthew Campbell
- Core Algorithm: Ethash
- Issue Date: 2018-03-15
- Total Supply: 1,000,000,000
- Consensus Mechanism: DPoS
- Currency Unit: LOOM
3. Related Links
Official website: https://loomx.io
White paper: https://github.com/loomnetwork/plasma-paper/blob/master/plasma_cash.pdf
Block explorer: https://etherscan.io/token/0xa4e8c3ec456107ea67d3075bf9e3df3a75823db0
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