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Sequence chain AMA with potential Blockchain projects, Coin98 had a lively discussion with Janam Jhaveri - Marketing Manager at Loom Network. The following are key contents summarized from the last AMA session.
Janam Jhaveri is the Marketing Manager at Loom Network. He has been interested in the Blockchain field for several years now and Loom is one of the most promising projects according to his judgment in 2018.
Loom Network is a Sidechain DPoS network that enables scalable applications (dApps) and games. Through the PlasmaChain layer - a layer hub connecting sidechains with Ethereum, transactions are processed quickly and costly compared to the network. Ethereum.
Basically, Loom Network is an interactive solution. This is a project that allows the application of a wide range of Blockchain technologies. From there, give them the tools needed to create successful applications. That is why they focus so much on developers.
Loom's mainnet, Basechain, is able to interact with Ethereum, Tron, Binance Chain. In this way, developers only have to deploy once and have access to all major Blockchain ecosystems.
User experience, gas usage fees and scalability are outstanding issues in the Blockchain industry today.
LOOM Token Used similar to the way ETH is used to secure the Ethereum network.
Loom Basechain is a Blockchain DPoS, requiring people to contribute LOOM tokens. In return, block producers will earn rewards.
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Users can join stake LOOM.
You can refer to here: https://medium.com/loom-network/plasmachain-validator-staking-economics-part-1-e816d5825849
Loom Network is about to release its biggest ever upgrade to PlasmaChain, which is Basechain. Introduced will make the Ethereum network faster and 10 times cheaper.
You can see more details here: https://medium.com/loom.../basechain-is-coming-99fdb643950a
Loom has no direct competitors.
Loom Network was born with the purpose of serving developers.
At the moment, user experience and the expansion of Blockchain solutions are still not enough. Therefore, the focus of the project is to constantly optimize the experience of developers and users.
Loom Network stands out at a point that focuses entirely on developer and user experience.
Currently developer fees are low to maximize developer participation.
In the future, the fees will be placed in a tighter scope, similar to traditional SaaS services.
So who will control these fees?
Those are the validators setting up the fee structure. They will present the solution and other validators will vote for each solution.
Developers only need to deploy once on Loom. They then have access to all Blockchain ecosystems because they can interact with Ethereum, Tron, Binance Chain ...
1. The project has a real solution.
2. Loom can interact with multiple blockchains, including Binance Chain and Tron.
3. The project continually transports code and adds value to developers.
May be unlimited.
You can track the route of the project here: https://medium.com/.../loom-network-roadmap-2019-5183ce02267
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