#loom network

Can the Loom Network (LOOM) make money from a Multichain Interop and Dapps?

The Loom Network (LOOM) hopes to make money by weaving different blockchains together. In particular, Loom helps decentralized apps (dapps) operate on different blockchains. To elaborate, the Loom Network is a production-ready multichain interop platform for dapp develompment. To explain, an interop platform allows dapps to operate on several blockchains, such as Bitcoin, Ethereum, Tron, and…

LOOM drops a zero: here’s where to buy the Loom Network token after the price surge

Loom Network (LOOM) has surprised the cryptocurrency market by dropping a zero in the span of two days. Over the past two days, the price of LOOM has surged by over 181%. Although the token was in a slight pullback at press time, it has hit a daily high of $0.1384 in the last 24 hours. The current surge comes two years after the Loom project suffered a catastrophic slump making the crypto…

CryptoWars Leaves Loom Sidechain in Pivot to ‘Play-to-Earn,’ Aka Betting

In another data point raising questions for blockchain-based gaming, Experimental Games’ CryptoWars has pivoted away from running on the Plasma sidechain operated by Loom. Meanwhile, Loom appears to be pivoting away from gaming entirely. 

“No decent game can run nowadays fully on-chain, even though that was our gaming utopia,” CEO Matias Nisenson told CoinDesk. Loom, he said, is discontinuing…

Loom Network Launches Bounty Program to Reward Active Contributors 

Loom Network, a Layer 2 scaling solution for Ethereum that provides blockchain developers with the scalability and UX layer needed to build user-facing decentralized applications (dApps), has announced the launch of its bounties and rewards program. Loom plans to give away millions of dollars worth of its native LOOM tokens to its active community membersRead More

What Is Loom Network?  Introduction to LOOM Token

What Is Loom Network?

The Loom Networkis an Ethereum-based, Platform-as-a-Service (PaaS) with a Software Development Kit (SDK) targeting large-scale, decentralized social app and game development. Loom DAppChains are run as parallel sidechains attached to smart contracts on the Ethereum mainnet. The LOOM token is the proprietary ERC-20 membership token that provides access to DAppChains on the…

LOOM is DOOM: Why you should avoid another MMM disaster

Ponzi money making schemes are perfect examples of a bad investment that is even worse than gambling. Yet, even with the Nigerian SEC (Security Exchange Commission) warnings, most Nigerians have refused to stay away from it.

According to Wikipedia:

“A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors”

MMM – Mavrodi…

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3 of 4 Ethereum Tokens Outpace Bitcoin on Day of Coinbase Listing