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/biz/ - Business & Finance

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File: 13 KB, 800x429, The-Loom-Network.jpg [View same] [iqdb] [saucenao] [google]
29121907 No.29121907 [Reply] [Original]

What Is Loom Network (LOOM)?
Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.

The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.

In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.

As such, they can easily integrate their applications with the outside world.

The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.


Just look at the charts, soon breaking out.


https://pro.coinbase.com/trade/LOOM-USDC

https://crypto.com/price/loom-network

https://www.coingecko.com/en/coins/loom-network

>> No.29122109

Bump for interest

>> No.29122163

>>29121907
3k stack am I going to make it?

>> No.29122594

>>29122163
You need to pump those numbers.. those are rookie numbers.. 1$ soon ..

>> No.29123042

>>29122109
Well bumping again for more interest. /Biz gonna fomo in when it hits 1$ tomorrow.

>> No.29123803
File: 271 KB, 705x706, 1613679793798.png [View same] [iqdb] [saucenao] [google]
29123803

I messed around trying to swing LOOM and went from a 25k stack to a 17k stack. I'm done playing. Going to let it sit. Anyone know if this will be on regular Coinbase soon and not just Coinbase Pro?

>> No.29123901

>>29121907
Can you make these every day OP? We are definitely going to pop over .20c-.25c this weekend.

>> No.29124282

>>29123803
Regular coinbase takes a lot of time .... They first accumulate themselves so that they can make profits

>> No.29124409

>>29124282
Ah ok if you hear any rumors someday let us know and we'll brace for the whiplash to $1. I'm just thankful it's on Pro because my state only allows CB and Gemini...

>> No.29124964

>>29124409
It is on gemini.

>> No.29126032

>>29124964
I searched and don't have Loom on Gemini. Maybe it varies by location.

>> No.29126248

Shoot it's dumping now haha.

>> No.29126384

>>29126248
Haha... It will come back.. it's swinging .. someone is accumulating.. keeping a close eye on it ..