More information about LOOM NETWORK
About
Loom Network provides developers the scalability and UX layer they need to build functional user-facing dapps today.
With seamless integrations to Ethereum and all major blockchains, building on Loom allows you to future-proof your dapp and reach the largest number of users possible.
LOOM is a Proof-of-Stake token that is used to secure Loom Network’s mainnet, PlasmaChain, and is the currency that dapp developers use to host their dapps on PlasmaChain.
PlasmaChain is a Delegated Proof of Stake (DPoS) blockchain. There are validators and delegators who stake their LOOM tokens to collectively uphold the security of the network. Validators earn LOOM as block rewards for performing various duties on the network (similar to the role of ETH on Ethereum). LOOM holders earn a portion or these rewards by delegating to validators.
With seamless integrations to Ethereum and all major blockchains, building on Loom allows you to future-proof your dapp and reach the largest number of users possible.
LOOM is a Proof-of-Stake token that is used to secure Loom Network’s mainnet, PlasmaChain, and is the currency that dapp developers use to host their dapps on PlasmaChain.
PlasmaChain is a Delegated Proof of Stake (DPoS) blockchain. There are validators and delegators who stake their LOOM tokens to collectively uphold the security of the network. Validators earn LOOM as block rewards for performing various duties on the network (similar to the role of ETH on Ethereum). LOOM holders earn a portion or these rewards by delegating to validators.
https://loomx.io
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