9/18/2023 0 Comments Loom network games![]() The Loom Network offers developers the option of having scalability now while sacrificing some aspects of security and decentralization instead of waiting for Ethereum 2.0. The base Ethereum protocol has currently chosen to focus on decentralization and security as its core features with scalability being cautiously developed for the next version: Ethereum 2.0. In blockchain design, there is a concept known as the scalability trilemma in which a blockchain network can only maximize two of the following three options: scalability,ĭecentralization, or security. 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. ![]()
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