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Loom Network Stock

Loom Network

LOOM

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Loom Network Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
UpbitLOOM/KRW08,969.974,494.72106.62 M0cex15/7/2025, 8:00 AM
BithumbLOOM/KRW0.056,139.6410,450.811.86 M0.19cex2864/1/2025, 6:36 AM
OrangeXLOOM/USDT0941.631,715.76793,251.90.11cex1387/9/2025, 6:18 AM
GateLOOM/USDT0138.67307.05121,154.760cex1027/9/2025, 6:23 AM
SuperExLOOM/USDT0.02245.74345.55119,960.230cex14/8/2025, 5:00 AM
MEXCLOOM/USDT0134.9387.45116,662.410cex527/9/2025, 6:18 AM
BYDFiLOOM/USDT0254.89452.05103,590.620.07cex17/9/2025, 6:21 AM
BitgetLOOM/USDT0.021,691.672,888.3691,450.270cex1384/10/2025, 3:30 PM
Gate.ioLOOM/TRY0.0325.28117.6852,748.740cex164/21/2025, 3:40 PM
CoinCatchLOOM/USDT0.02281.37288.7751,544.520cex1144/10/2025, 12:21 PM
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Loom Network FAQ

What is Loom Network (LOOM)?

Loom Network is a platform-as-a-service built atop Ethereum, designed to enable developers to run large-scale decentralized applications. The platform was launched on October 1, 2017. Its aim is to provide application developers with smart contracts that offer enhanced computing power when necessary, or maintain existing power levels at reduced costs for tasks such as onboarding new users or for applications that do not require the full security of blockchain initially. The system facilitates interaction with APIs developed by third parties that are not on-chain. Loom Network seeks to establish itself as the premier platform for smart contract developers to create applications without needing to adopt a new programming language. This allows for seamless integration of applications with external environments. Loom Network operates on Plasma, a scaling solution that enables faster transactions across the network. For more detailed information on Loom Network, you can find it on Eulerpool.

Who Founded Loom Network?

The Loom Network was established in 2017 by Matthew Campbell, James Martin Duffy, and Luke Zhang. Matthew Campbell is a co-founder and a principal of Loom Network. In addition to his role at Loom Network, he serves as the principal of Hyperwork Inc. His previous positions include lead software engineer at Digital Ocean, architect of an instant messaging server at Thomson Reuters, engine mechanic and co-founder of Errplane, Scala Dude at Tapad, architect at Bloomberg, technical architect at Thomson Reuters, senior R&D engineer at Bertelsmann, and lead technical engineer at Superdeluxe. Notably, he revamped the Gucci website using Ruby on Rails and served as a software analyst at Bellsouth, building on his programming background with Listman Home Technologies and Insurance House. James Martin Duffy holds the position of CMO at Loom Network. He is also CEO of Epictetus Ventures and founder of Auragin. His career history includes development work with the Cryptocurrency Trading Bot, founding KoreaJobFinder, and serving as lead developer at Casual Steps Inc. Prior to these roles, he was engaged as a freelance web developer and online marketer. Luke Zhang is a co-founder of Loom Network. Prior to this, he made significant contributions as a lead developer at BlockMason, and held developer roles at Elemica and Workopolis. Additionally, he has expertise in prototyping from his time at Shifthub.

What Distinguishes Loom Network? Loom Network's distinctiveness lies in its innovative approach to blockchain technology. As an adaptable and scalable platform, it is designed to support a wide array of decentralized applications (dApps). By incorporating a high-throughput side chain architecture, Loom Network effectively addresses common scalability issues faced by traditional blockchain networks. The platform enables developers to build highly efficient and scalable decentralized applications without sacrificing ease of use. The Loom Network also has a focus on enhancing the user experience through seamless integration with popular developer tools and environments. This ensures that developers can effortlessly create and deploy applications within the Loom Network ecosystem. In addition, Loom Network is pioneering cross-chain compatibility, allowing developers to integrate features from multiple blockchains, thereby enhancing the versatility and functionality of their dApps. The emphasis on cross-chain interactions demonstrates Loom Network’s commitment to fostering an interconnected blockchain ecosystem. For further details, including real-time updates and market data, visit Eulerpool.

Loom Network is a platform as a service that enables Ethereum Solidity applications to operate through side chains. This approach allows applications to implement consensus mechanisms tailored to their specific requirements and threat models. Loom facilitates the scaling of decentralized applications more efficiently and rapidly on the Ethereum network by utilizing DPoS sidechains for scalability of DApps while leveraging the security of the Ethereum mainnet. The LOOM token serves as a membership token that each participant acquires to gain access to the full suite of applications running on the Loom Network. This token functions across all DAppChains operating on the Loom Network and allows for the transfer of digital assets and data between Ethereum and Loom DAppChains.

**How is the Loom Network Secured?**

The Loom Network is safeguarded by the zkLoom protocol, designed for efficient blockchain operations. As one of the most renowned open-source blockchains for smart contracts, the Ethereum network is supported by the second largest cryptocurrency. The zkLoom blockchain eliminates the need to trust validators by relying on the security assurances provided by Ethereum. By utilizing Ethereum for security, zkLoom blockchains can function securely with a minimal number of validators, facilitating the launch of new blockchains and enabling their operation at a reduced cost.

What is the Current Circulation of Loom Network (LOOM)?

LOOM serves as the digital token utilized for transactions and services on the Loom Network. It operates on the Ethereum blockchain, adhering to the ERC-20 standard. It's important to note that the LOOM token is not mined. Rather, it is acquired by users who participate in DApps on the Loom Network. The total supply of LOOM tokens is capped at 1 billion.

Where Can Loom Network (LOOM) Be Purchased?

The leading exchanges for trading Loom Network include: - Huobi - VCC Exchange - Coinbase Pro - Upbit - Bilaxy - Bittrex - Bithumb - HitBTC Additional exchanges can be found on our crypto exchanges page on Eulerpool.

Investors interested in Loom Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.