Review on Loom Network by Robiul Islam
Loom Network provides developers the scalability and UX layer they need to build functional user-facing dapps today.
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 truth is, most investors will probably look at the tech and the working product and FOMO into the project, I expressly think it’s a coin that will have decent gains in the short term.
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.
