Loom Network was started in 2017 and founded by current CEO Matthew Campbell, current CTO Luke Zhang, and current CMO James Duffy. Loom has developed several types of side chains such as PlasmaChain, DAppChains, and GameChain, and SocialChain. These layer 2 solutions are based on proof-of-stake mechanisms and side chains. Loom has built ‘layer 2’ scaling that does not rely on a change in the base Ethereum protocol, but instead builds a structure on top of Ethereum that allows fast applications to be built. These customized side chains allow developers to tweak security, decentralization, and scalability requirements instead of relying solely on Ethereum’s primary features. The development of these side chains is Loom’s primary offering in which developers can create their own specially focused blockchain networks depending on the objective of each application. Side chains are essentially minor blockchains that are linked to a larger blockchain network such as Ethereum. It is part of the TechStars accelerator.$0.00039723 1.73% Terra Classic (Wormhole) Loom Network was founded by Matthew Campbell, Luke Zhang, and Duffy in 2017. Since it’s launch just a few months ago, over 130,000-plus developers have used CryptoZombies to learn DApp development. CryptoZombies teaches developers how to write smart contracts in a series of interactive tutorials in which users build their own crypto-collectible Zombie Game. Loom Network is also responsible for CryptoZombies – the resource on learning how to build Ethereum DApps. When questions and answers are voted up by other users, rather than simply earning useless karma points, they can exchange their karma for an ERC20 token, which can be sold for real money. DelegateCall gives financial incentives for users who provide the highest quality answers. On DelegateCall, users can ask and answer questions about blockchains and DApp development. To highlight the concept of DAppChains, Loom Network recently released DelegateCall, a social question-and-answer site for developers that runs entirely on the blockchain. There’s a kind of organic freedom there that’s almost poetic.” Applications become like living, breathing entities. “Changes to the code are voted on by community members, so once a developer releases an application to the world, it takes on a life of its own and he no longer has total control over it. “I foresee a future where the Internet is built up of large-scale decentralized applications that are community-owned, forkable, transparent, and immune to censorship or control from a single party,” Duffy said. Developers can use Loom Network’s software development kit (SDK) to quickly build their own blockchain-based DApps without having to understand the underlying blockchain infrastructure. Since the rules on a DAppChain can be customized based on an individual DApp’s needs, Loom Network makes it possible to run big apps on the blockchain without worrying about scalability, decentralization, or censorship from a third party. With Loom Network, you could run a million CryptoKitties simultaneously without having to worry about network congestion or interrupting other important transactions, the company said. Loom Network provides DApps with much greater scalability by running each DApp on its own blockchain - called a DAppChain - which runs in parallel to an Ethereum smart contract. “Ethereum took it a step further by allowing developers to upload indelible pieces of code into the Blockchain, called ‘smart contracts.’ Loom Network is the next logical step in this evolution - it allows developers to run these unstoppable applications on a massive scale.” “With Bitcoin came the world’s first blockchain, a decentralized ledger of financial transactions that cannot be counterfeited, forged, or modified,” said James Duffy, cofounder of Loom Network, in a statement. It is the purest form of digital democracy for the future of the internet, the company said. In fact, the community at large will always have the final say with any decentralized apps (DApps) that run on the blockchain. When blockchain is used in this manner on Loom Network, users will own a copy of their data and servers cannot be shut down arbitrarily without community approval. The company said it has raised $25 million in funding. It says it enables large-scale games and social apps to be built on top of the blockchain. The Bangkok-based Loom Network claims it has created a blockchain infrastructure that is faster.
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