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Loom Network (LOOM)

Loom Network, launched on October 1st, 2017, is a platform as a service built atop Ethereum. It enables developers to operate large-scale decentralized applications (dApps). The primary objective is to provide smart contract capabilities with enhanced computational power on demand, or to maintain the same power at reduced costs. This facilitates various tasks, including user onboarding trials and applications that don't necessitate full blockchain security. Moreover, Loom Network offers interaction with off-chain APIs developed by third parties. It aims to serve as a comprehensive platform, enabling smart contract developers to build applications seamlessly without the need for switching programming languages.

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