Loom Network

Built on a robust Delegated Proof of Stake (DPoS) consensus algorithm, Loom Network is a production-ready, multichain interop platform designed to empower serious dapp developers with the scalability and usability they need to build high-performance user-facing dapps today. With seamless integrations to Bitcoin, Ethereum, Binance Chain, and all major blockchains, deploying once to Loom lets developers future-proof their dapp by reaching the largest possible user base.

Loom Network's technology is optimized for scaling high-performance dapps that require a fast and smooth user experience. The network enables transactions at lightning speeds and at zero cost to users, eliminating the need for gas fees and MetaMask popups. With Universal Transaction Signing, users from every major chain can access Loom dapps using their native wallets, making it easy to onboard new users without friction.

The LOOM token is a proof-of-stake token used to secure Loom Network's mainnet, called Basechain. LOOM holders can stake their tokens to help secure Basechain and earn rewards in the process. The token is also used by developers to pay for dapp hosting on Loom Network, providing a flat monthly fee that eliminates transaction costs for users.

Loom Network has been live in production since early 2018, with over 247,828,530 LOOM staked. The chain has been audited by Trail of Bits, a renowned information security company specializing in blockchain tech. With its robust security and scalability features, Loom Network is positioned as a leading solution for serious dapp developers looking to build high-performance dapps that require a fast and seamless UX across multiple chains.

Loom Network's community is active and engaged, with over 1,056,527+ articles read on their blog since October 2017. The team has also been recognized by notable industry players such as Axie Infinity and ConsenSys, who have praised Loom Network's innovative approach to scaling solutions. With its strong technical foundation, robust security features, and growing community, Loom Network is well-positioned for future growth and adoption.