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Loom Network Review

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Revainrating 3.5 out of 5  
Rating 
3.6
Crypto Projects, ERC20

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Description of Loom Network

Loom Network (LOOM) is a cryptocurrency and operates on the Ethereum platform. Loom Network has a current supply of 1,300,000,000 with 1,132,425,697.5790398 in circulation. The last known price of Loom Network is 0.06672443 USD and is up 2.21 over the last 24 hours. It is currently trading on 70 active market(s) with $45,462,225.17 traded over the last 24 hours. More information can be found at https://loomx.io/.

Reviews

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Type of review

Revainrating 4 out of 5

Here is my article and it is about Loom Network

What is Loom Network (LOOM)? Loom Network: The Basics Loom Network is a blockchain-based platform designed with large-scale social apps and games. The platform was developed with the idea of ​​proving that applications of blockchain technology are not limited to transactions. The platform allows developers to run their own large-scale DApps, including social apps and games, in a seamless environment. It does not require any programming language knowledge and applications can even be…

Pros
  • scalability
Cons
  • DApps are not unique

Revainrating 4 out of 5

It has become a useful project for developers

Loom Network is a multipurpose crypto money project created with blockchain technology. It runs on the Ethereum network. Its native token is compatible with erc-20. The broad purpose of Loom Network is to regulate and correct network traffic on the Ethereum network. Applications running on the Ethereum network are slow due to density. Loom Network is using sidechain technology to reduce the density of chains that are swelling due to the number of transactions on the Ethereum network. The…

Pros
  • It has become a solution for the ETH network
  • Listed on some major exchanges
  • Allows content creation on the network
Cons
  • Usually for developers
  • Still not popular

eLoom Network is another great form of programming that allows developers to run huge decentralized applications. This allows developers to gather DApps with the world’s most trusted and secure open source, with Loom having to be another decentralized web show programming, along with key accounting tools to oversee business. Unparalleled multiplayer games and dapps can work wonders and can also be absolutely sturdy on Ethereum. However, it should be noted that the Loom Network is not standard…

Pros
  • Allows designers to advertise their programs without describing them
Cons
  • No flaws

Revainrating 3 out of 5

Do you enjoy video games and social platforms?

The sustained growth in the volume of users on social interaction platforms has led to the collapse of many popular networks that do not have the large technological infrastructure necessary to handle a large number of connections. In this sense, Loom provides an innovative solution by providing virtual machinery with the capacity to manage a large number of users on the platform, in addition to using an SDK that allows the construction of databases that facilitate the creation of own…

Pros
  • Allows developers to market their applications without intermediaries
  • Ability to handle large volume of users
  • Provides the necessary tools for building blockchain in a simple way
  • Allows users to obtain cryptocurrencies through the interaction of content related to blockchain
Cons
  • Does not have whitepaper

Revainrating 3 out of 5

Loom Network: A useful project for creators

The Loom Network is an Ethereum-based Ethereum Blockchain to allow customers and designers to run decentralized programs on-site. It has been described as the latest blockchain application phase for Ethereum. Loom Network's DPoS side includes really customized blocking games and DApps with Ethereum backbone security. These, in my opinion, are based on the fact that you can understand a slightly finer textile organization, based on the formation of new layers in existing organizations, and thus

Pros
  • If the business system is very complete and the commercial system can reach very high speeds in commercial transactions, there is a high commercial security system.
Cons
  • The platform does not have strict technical documentation.

Revainrating 2 out of 5

A company with a multi-chain growth phase.

Loom Network is a step above Ethereum's help, allowing designers to run huge decentralized applications. This allows designers to build DApps with the trust and security of the world’s most trusted public block, along with recyclable assets that are important to running business administrations. Loom expects the new decentralized web to be a targeted software convention. The Loom Network additionally has its own Loom logo; fills as a driving force for prudent contracts and decentralized…

Pros
  • The Collecting Convention is established through the Delegated Relationship Test (DPoS)
  • Your exchanges in the LOOM environment are immediate and free of charge.
Cons
  • In fact, there are limitations to improving dapps and joining them in the blockchain.

Loom Network (LOOM): is a project that is responsible for the development of applications, in order to ensure services one of its main objectives as a project is to achieve the balance between games and market, is a project that uses blockchain services in a very balanced way, allows a high transmission of data in real time giving its linkage with its network of services and its chain allows the rapid generation in its creation of blocks, its system allows through the use of its tools and…

Pros
  • It is a project that can be adapted in a very general way, and allows to consider the points of major social development.
  • It is a project that allows to create application and counting on that development to offer solutions to diverse commercial problems.
  • Its work network is very complete, and has high commercial security system, if commercial system can reach very high speeds in commercial transfers.
Cons
  • It is a project that should improve only in some technical aspects of its operating structure, it should offer users more details of its entire ecosystem, it has to increase its level of advertising to go further.

Revainrating 4 out of 5

Loom Network For Scalable Dapps.

Loom Network is an Ethereum sidechain that is built on the Ethereum Blockchain to allow users and developers to run their decentralized applications on the platform. It has been described as the next generation blockchain application platform for Ethereum. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Highly scalable games and dapps can function quite efficiently and also be very secure on the Ethereum network. As m

Pros
  • Loom Network facilitates the development of highly scalable games and decentralized applications
  • Developers have the tools they need to make their dapps on the Loom platform
  • Loom coins are ERC20 compliant
  • Loom token can be traded on multiple popular exchanges
Cons
  • The price of the Loom token is still very low in comparison to other tokens

Revainrating 4 out of 5

Loom Network: promoting decentralized applications

Crypto project entrepreneurs are frequently looking for a technology source that simplifies and brings robust and innovative technology to their applications. It is like that; how they make connections with important technological platforms that offer basic tools for the development of their decentralized and secure applications. Loom Network is a platform with a robust structure that offers a source of technology capable of creating blockchain solutions adaptable to any requirement of its…

Pros
  • It is supported by Ethereum technology
  • Allows you to create more scalable solutions
  • Used to create game applications and other chain solutions
Cons
  • Unstable value of the coin

Revainrating 3 out of 5

Dapps through the ethereum network

Loom Network is developing a platform designed to help Ethereum scale. With standard support for DPoS, the two initial types of dapps that the network focuses on are large-scale online games and social applications. The first Loom Network dapp was launched in March 2018. Known as DelegateCall,com, it is a question and answer site about blockchain programming and Ethereum.

Pros
  • Multi-chain dapps development platform
  • Its protocol of harvest is developed through the Delegated Participation Test (DPoS)
  • Your transactions in the LOOM ecosystem are instantly and without transaction cost.
Cons
  • It still has limitations for the development of dapps and their integration in the blockchain.

Revainrating 4 out of 5

Loom Network

In general loom Nexwork is a platform in the development of lateral DApps using the etherium network, solving scalability problems, creating diverse applications, for example online games. Loom Network is compatible with other chains, for now according to data from its website, only available for its integration with Etherium and Tron, although it is in development the compatibility with new chains, this is to say that developers only need to create an application. in this code and will be…

Pros
  • Development of applications outside the main etherium network.
  • Highly scalable
  • Applications developed compatible with other chains.
  • There are several developers, creating applications on the network.
  • It is possible to access the different products already developed.
  • Speed in transactions
Cons
  • There are several technical details that allowed the fraud to players.
  • It does not have rigorous technical documents of the platform.

I think it is awesome project. I really like their tech and what they are trying to achieve or have already achieved. I think This is a project which provides a much needed solution for Ethereum, the biggest blockchain platform, will be big in the crypto space in the future, expressly in the Ethereum space. I pay attention to a few things, how their team responds to the situation, and especially to the community itself without any roadmaps. And also the economics I think it’s quite flawed. The…

Pros
  • Games & applications running on the Ethereum blockchain will thrive once sharding & raiden increase scalability & transaction speed. I think the tech of this project is great, but the economics is flawed. It is a second layer that is built on Ethereum. So when you build Dapps, you are strictly building on Loom not on Ethereum. Loom Dapps are built as side chains, not on the actual Blockchain. They already have working products.
  • It aims to have developers actually code & create on the platform. This model can Co-Exist with other models. Wonderful website they have, clean and informative with great graphics detailing features. Working games & applications. Interactive demos. Plenty of resources large team covering a range of important sectors.
Cons
  • Running on the Ethereum network, It is reliant on a lot of the technical limitations Ethereum currently has. It's Inflation could cause membership tiers to become very expensive.

There is significant competition and the early stage of development of Loom Network, also emphasize the lack of decentralization. Separately, the main idea of the project is considered - in the case of increasing the scaling of Ethereum, the proposed platform may lose its relevance. In view of these aspects, investing in Loom Network involves certain risks. It is recommended not to lose sight of the project and keep track of news events, as well as clearer signals that open the prospects and p

Pros
  • Loom Network developers identify two main areas in which their platform can get significant development - the gaming industry and social interaction. The first allows you to create a network of games associated with common tokens and asset transfer capabilities. Regarding the social factor, Loom Network implements a wide range of tasks on the basis of smart contracts and applications- from chats with integrated microtransactions to analytical forums and voting. At the same time, increased network scaling allows for faster user interaction than on the basis of Ethereum projects. As a result, Loom Network becomes a popular opportunity to create decentralized and scalable applications of entertainment and social nature.
Cons
  • Special attention is paid to the existing shortcomings of Loom Network in addition to the high level of competition. The developers themselves emphasize the lack of the same security as the ether, although the side blockchains are reliable enough to ensure the operation of applications and the preservation of data privacy. The lack of decentralization at the early stage of the platform development is also highlighted. Taking into account this factor while the project is recommended for use in cases in which the application will not suffer from the centralized control of the developers.

By having the advance system through Ethereum network especially DApps, Loom already used by many DApps users, already launched the Zombie Battleground alpha game running on GameChain to 1,800 early backers on Windows, macOS, Android and iOS.

Pros
  • Loom is a network solution for Ethereum DApps (Games, Social Media and etc). Loom Network acted as a Delegated Proof of Stake (DPoS) as sidechains, highly-scalable games and user-facing DApps integrated while still being backed by the security of Ethereum. Loom is ERC-20 token whereas built on the ethereum network, having a good partnership built, and listed in Binance, KuCoin and Poloniex.
Cons
  • As ERC-20 token, Loom regulation tend similar to the Ethereum network. Need more advertisement and promotion to make it well popular. transaction/fees and any other regulations seems tends to the mother network.

The Loom Network is focused on creating DApps for end users. When CryptoKitties was launched, it was shown that an application like this could significantly slow down the Ethereum blockchain. The Loom Network wants to avoid having these types of problems by using Ethereum sidechains.

Pros
  • Loom Network is the blockchain technology more than financial transactions that are Games and Social Media. This dApps are built for large-scale online apps like World of Warcraft and social media like Twitter.
Cons
  • It seems like Eos, it is the same but has more security from Ethereum main chain