LOOM

LOOM

Loom Network
$0.046695
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
1,000,000,000622,374,9982018-03-12$0.070000
POS1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
1,000,000,000Ethashhttps://github.com/loomnetwork-http://loomx.ioTOKEN

Loom Network (“Loom” or the “Project”) is a Layer-2 scaling solution for Ethereum that is a network of Delegated Proof of Stake (“DPoS”) sidechains, allowing for highly-scalable games and user-facing dApps while still being backed by the security of Ethereum. Key Features of Loom: Loom SDK: The fundamental building block of Loom Network is an SDK that allows developers to quickly build their own blockchains without having to understand blockchain infrastructure — a "build your own blockchain" generator. Shared Sidechains: A network of interconnected, high-throughput sidechains, such as GameChain and SocialChain, that use Ethereum as their base-layer. PlasmaChain: A Layer-2 hub that bridges multiple sidechains to Ethereum, allowing for faster and cheaper token transactions and a more performant chain for developers to deploy their dApps. Delegated Proof of Stake: Loom supports DPoS out of the box, which enables dApps to scale with gasless transactions and sub-second transaction times. Online games and social apps are the two initial types of dApps that Loom is focusing on, but developers can build any type of dApp using the Loom SDK. Secured by Plasma on Ethereum: Loom inherits the security of Ethereum mainnet on its Layer-2 sidechains by using Plasma Cash-based relays to transfer assets across chains.

  • The Latest Rating
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陀螺财经
3.5

Follow-up Tracking Rating: LOOM| Rank: BB| Risk: Medium-

2018-10-23
As an Ethereum-based sidechain and development platform, Loom Network has a great potential of market growth. In addition, from the official social channels of Loom Network, we can see that Loom Network is also actively developing and updating the progress of the project. The future of Loom Network is worth looking forward to.
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大炮评级
3.0

Loom Network(LOOM) Qualification: B, Risk: Medium.

2018-10-11
Rating Overview Rating:B -> B With Loom Alpha SDK and other existing products and application integrated with the Dapp chain, Loom aims to build a complete Ethereum sidechain. With an ideal entry point and innovative solution, Loom holds first-mover advantage and offers a very unique product on the market. The team has a sufficient number of employees, mostly developers. The core team is experienced in software development. The founder, Luke, worked in an Ethereum credit protocol; while co-founder James has previously founded two start-ups. Since the last product release Loom report (four months ago), Loom has released several new products: EthDeploy, Zombie Battleground, Axie Infinity, Neon District. Loom has attracted significantly more followers on social media since their last report release four months ago. But the level of interactivity has dropped. Risk: Medium As for project fundamentals, uncertainty lies in the missing technical documentation for Dapp node selection rules and interoperability between Dapp chains and the mainchain. As of Q4 of 2017, Loom has done little marketing before the launch of new products. The marketing is considered a disadvantage for Loom—meanwhile the success of games can heavily rely on marketing. It is expected that Loom can improve in this dimension. Issues may occur in the testing of Dapps, which is a non-negligible risk. The disclosed information does not include team’s token position and lock-up plan. The policy risk is low; team risk is low; fulfillment risk is low.
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TokenInsight
3.5

Loom Network | Rating: BBB | Outlook: Stable | Risk: Medium

2018-09-01
Loom Network aims to build an Ethereum scaling solution targeting gaming and social network areas through a DApp developing platform. Although no mid-to-long-term roadmap is disclosed, the project is progressing well and already has a line of products released. Nevertheless, lack of disclosure on future plans bring a high level of uncertainty and increases the potential strategic risk of the project.