Loom Network (NEW)LOOM
Convert LOOM to your currency
Last Updated on Oct 05, 2025 12:08 PM
What is Loom Network (NEW)?
About the coin
Loom Network is a next-generation blockchain application platform designed to enhance Ethereum's capabilities. It serves as a Layer 2 scaling solution, utilizing a network of Delegated Proof of Stake (DPoS) sidechains. This setup allows developers to create highly scalable games and user-facing decentralized applications (DApps) while maintaining the security provided by the Ethereum mainnet.
Main features
Loom Network's DPoS sidechains are often referred to as EOS on Ethereum due to their high scalability and throughput. These sidechains offer the same performance benefits as platforms like EOS but with the added advantage of being fully compatible with Ethereum. This compatibility ensures that developers can leverage Ethereum's robust security features while enjoying enhanced scalability.
How it works
The platform has been live in production since March 2018, providing developers with a reliable environment to build on. One of Loom Network's key innovations is the implementation of Plasma Cash, which allows Ethereum-based tokens to be used on Loom sidechains. This integration ensures that tokens retain the full security guarantees of Ethereum, making Loom Network a secure and efficient choice for blockchain developers.
Wallet for Loom Network (NEW)
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Tangem supports networks for Loom Network (NEW)
- Ethereum
- Bnb Smart Chain
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Loom Network (NEW) FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- About Loom NetworkLoom Network (LOOM) isan Ethereum token that powers a network of delegated proof of stake sidechains(a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
- Loom Network is a multichain interop platform live in production sinceearly 2018.
How to secure Loom Network (NEW) with Tangem Wallet?
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Why choose Loom Network (NEW) wallet with Tangem.
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