Ethereum-based dApp Platform Loom Network Releases SDK and Receives Upbit Listing 🚨 This article is 7 years old...
Ethereum-based dApp Platform Loom Network Releases SDK and Receives Upbit Listing
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Updated: Jun. 12, 2018 at 8:37 pm UTC
Photo by Ahsan Avi on Unsplash
Based out of Thailand, Loom Network (LOOM) is an Ethereum-based blockchain platform created for the development of decentralized games and social apps.
Loom Network Releases Beta SDK
Building the platform on top of the Ethereum blockchain, Loom Network utilizes the Plasma second-layer scaling solution to generate DAppChains – a sidechain to Ethereum that is attached but runs independently from the Ethereum network.
The Loom SDK is the project’s core product. With its beta released to the public on June 12, the Loom SDK allows developers a seamless way to build their own blockchains with customizable consensus mechanisms and scalability options.
Described in the official announcement, the Loom SDK is meant to simplify the dApp development process and bring blockchain to the mainstream:
“We’ve abstracted out all the hard “blockchainy” stuff like consensus and made it plug-and-play — so now all developers need to focus on is coding the core application logic. This will massively increase the number of developers who are able to build blockchain applications with the potential to go mainstream, and decrease the time and budget necessary to make it happen.”
The Loom Network is intended for the development of large-scale online games and social apps but the SDK can support any decentralized application (dApp) building.
With their current roadmap reaching its end, Loom Network also released plans to develop their own blockchain applications, ZombieChain, and mobile collectible card game, Zombie Battleground.
Loom Network Market Data
At the time of press 8:37 pm UTC on Jun. 12, 2018, Loom Network is ranked #73 by market cap and the price is down 1.03% over the past 24 hours. Loom Network has a market capitalization of $153.24 million with a 24-hour trading volume of $24.35 million. Learn more about Loom Network ›
Crypto Market Summary
At the time of press 8:37 pm UTC on Jun. 12, 2018, the total crypto market is valued at at $282.55 billion with a 24-hour volume of $14.76 billion. Bitcoin dominance is currently at 39.71%. Learn more about the crypto market ›
Posted In: Price Watch, Technology
