Loom Network is an advanced blockchain application platform that enhances Ethereum's capabilities. It utilizes DPoS (Delegated Proof of Stake) sidechains to enable scalable blockchain games and decentralized applications (DApps) with the robust security of the Ethereum mainnet, akin to integrating EOS's scalability within the Ethereum ecosystem.
Overview of Loom Network:
Loom Network stands as a production-ready Layer 2 scaling solution for Ethereum, featuring a constellation of DPoS sidechains. This architecture facilitates the creation of scalable games and DApps that benefit from Ethereum's security layer.
Operational Since March 2018:
The Loom Network has been operational and available for developers since March 2018, inviting them to build on its platform.
Scalability Through Sidechains:
Often referred to as 'EOS on Ethereum,' Loom Network's DPoS sidechains offer a level of scalability and processing capacity comparable to that of EOS. This is achieved while maintaining full compatibility and security within the Ethereum network.
Ethereum's Security Foundation:
Loom Network has pioneered the first implementation of Plasma Cash, a framework that enables tokens from the Ethereum blockchain to be transacted on Loom's sidechains without compromising Ethereum's established security measures.
