Loom Network crypto is a multichain interoperability platform, where users can transfer information and exchange data between blockchains. Loom is optimized for scaling high-performance dApps (decentralized applications) which have a smooth user experience (UX). Further, dApps created on the Loom Network will be able to offer a simplified UX, similar to traditional applications, and onboarding users without any needed crypto wallet software.
The Network is integrated to Ethereum, Tron, Binance Chain, and Bitcoin, meaning that developers can integrate assets from all of these chains, building dApps only once and offering them on all platforms at the same time. As such, the network is scalable for high-performance dApps.
The Loom Network coin is LOOM, an ERC-20 token. Loom network uses the proof-of-stake to secure the platform’s mainnet called Basechain.
Loom Network price UK history shows the highest value of 0.18 GBP . We recorded this price on April 3, 2021, but we cannot exclude that a higher price was registered before April 11, 2019.