Pros
- scalability
Cons
- DApps are not unique
Loom Network Review
15
·
Followers 1
·
Average
Rating
3.6
Crypto Projects, ERC20
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/.
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
Pros
- Allows designers to advertise their programs without describing them
Cons
- No flaws
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
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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
