What is Loom Network (OLD)?
Operating on a blockchain, Loom Network was specially designed for games and social apps with large scaling opportunities. It provides not solely the formulation of Dapps and Dappchains, but furthermore, the network operates as a simple blockchain. So, using the Loom gives a bunch of advantages of blockchains, extra security and a possibility of scaling. This platform also has its individual currency known as LOOM. It provides members of the system with an all-access license for the on-platform-built apps. In May 2019 Loom’s market capitalization reached $46 million.