DappChains are built using the Loom SDK, a streamlined development toolkit that caters towards those with limited blockchain experience. Sidechains used to host dApps are referred to as DappChains and feature customizable parameters regarding consensus, decentralization and scalability. While LOOM is also used to pay transaction fees, those fees are ultimately incurred by each individual application, eliminating the need for users to make consuming gas payments to the network.Īccording to project documentation, Loom maintains integration with several leading blockchain networks, including Ethereum, Bitcoin, and BNB Smart Chain, creating a framework in which developers can build applications with utility across multiple ecosystems. ![]() Projects built on the network are required to pay a LOOM-denominated fee each month to maintain operations. Under the platform’s DPoS consensus framework, LOOM holders delegate their tokens to one of 21 external validators. ![]() ![]() Loom has a native staking token, LOOM, which allows users to secure the network and earn an annual yield. Looking to dominate the burgeoning GameFi sector, Loom Network is a blockchain-based platform as a service (PaaS) that fosters speed and scalability in the building of sidechains and dApps.īilled as an ‘interoperable multi-chain platform’, Loom Network consists of an EVM compatible, delegated proof of stake (DPoS) basechain that is capable of achieving high speeds, at no cost, as well as various sidechains that play host to individual dApps.
0 Comments
Leave a Reply. |