Loom Network Price

Loom Network is a Platform-as-a-Service (PaaS) blockchain solution deliberate in its mission to build scalable decentralized applications. Central to its structure is the use of a sidechain architecture that serves to alleviate congestion on the Ethereum mainnet. This allows for the seamless execution of high-performance dApps without compromising on essential elements such as security and decentralization.

The Loom Network employs the Delegated Proof-of-Stake (DPoS) consensus mechanism, a notably energy-efficient and scalable alternative to the traditional Proof-of-Work model. This innovative architecture positions Loom Network uniquely among other blockchain solutions, as it prioritizes both performance and sustainability.