Loom Network Description
Loom Network gives developers the flexibility and usability to create high-performance, user-facing dapps. Loom Network allows you to future-proof your app by deploying once to Loom. It integrates seamlessly to Bitcoin, Ethereum and Binance Chain. Loom Network is a multichain interop system that has been in production since early 2018. The network is optimized for scaling high-performance apps that require a smooth user experience. It allows dapps offer a UX comparable with traditional applications and onboard new customers without the need to download crypto wallet software. Developers can integrate assets from all major blockchains, and also create a dapp once and make it available to all users across all platforms. Developers can also use the token to pay for Loom Network dapp hosting. Developers pay a flat monthly fee to host dapps on Loom, which is different from Ethereum.
Loom Network Alternatives
DAppChain
DAppChain, TRON's sidechain project, is called DAppChain. DApps can now operate on TRON with lower energy consumption and faster speeds. This will allow for unlimited capacity for TRON’s main network. The sidechain uses the same DPoS consensus as the mainchain. It supports smart contracts, as well as almost all the functions of the mainchain. TRON users can easily adapt the sidechain to their needs. Developers can migrate existing DApps or create new ones on the sidechain. DAppChain is committed providing ecosystem participants with a flexible, well-configured and highly customized network of multiple sideschains. This is another characteristic of each sidechain in DAppChain. Sidechains can consume much less resources than the main chain. The cost of resources consumed on the sidechain is only a fraction that of the mainchain transaction.
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Hoo Smart Chain
The Hoo Smart Chain Platform (HSC) is a unified platform that uses the Hoo Group's traffic, technical and ecosystem resources. It will gradually be open to the blockchain industry. It will make it easier to build decentralized applications and give you complete control over traffic, promotion, and other resources. Global developers will have access to a variety of innovative facilities and services through HSC. Hoo Smart Chain, the first product of the Hoo Organization, is a decentralized, energy-saving, high-efficiency public chain. It supports high-performance transactions and is compatible with smart contracts. The PoSA consensus mechanism is also adopted by the endogenous HOO token. HSC will continue to enhance the efficiency of Ethereum via sidechain and empower decentralized ecosystems
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Starknet
Starknet is an unrestricted decentralized ZK Rollup that operates as an L2 network on Ethereum. Any dApp may achieve unlimited computation scale without compromising Ethereum’s composability or security. Starknet maintains the security of L1 Ethereum while achieving scale. It does this by producing STARK Proofs off-chain and verifying these proofs on-chain. Starknet Contracts allow developers to deploy any business logic. Starknet will offer composability at Ethereum's level, allowing for easy development and compounding of innovation. The STARK Prover is the engine that powers StarkEx's scalability engine. It has already demonstrated its ability to process 600K transactions on Mainnet in a single proof.
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Trinity
Line Trinity is a privacy-conscious network that uses multiple technologies to enhance privacy protection and data security. Trinity state channel allows multiple transactions off-chain to be done quickly. Trinity protocol is completely open-sourced and developers can create their own products using it. Trinity is an off-chain scaling solution that can be used to achieve real-time payments, low transaction fees, scalability, and privacy protection for mainchain assets. Trinity uses state channel technology to significantly increase the transaction throughput on underlying chains and smart contract assets. Cross-chain conversion via TNC facilitates data and value flow among multiple chains. Trinity will be a fully autonomous and decentralized performance-enhancing network for the entire ecosystem and provides all-round support to Dapps on bottom layer chains in the future.
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Integrations
Company Details
Company:
Loom
Year Founded:
2017
Headquarters:
Thailand
Website:
loomx.io
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Product Details
Platforms
SaaS
iPhone
iPad
Android
Type of Training
Documentation
Customer Support
Online
Loom Network Features and Options
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