Earn Interest on LOOM (Loom Network)

Binance 11.00% 1
1: Real APY may vary. Service fees are already deducted.
2: Better rates available under specific conditions.
Average APY per Day

About Loom Network

Loom Network was created on base of the Ethereum blockchain. Its main task is to solve the problem of performance, which network users faced. Instead of running all applications on a single network, Loom introduced a set of tools to create a DAppChain - a sidechain or a mini-blockchain. That is, each individual application will run on its blockchain and thus not overload the main Ethereum network. Loom Network is mainly aimed at the creators of games and social applications. Financial issues that require increased security and honesty will be implemented in the main Ethereum blockchain. All other points, such as changing the avatar in the game or commenting in the chat, for which security is not critical, are implemented in the DAppChain.

bitcoin wiki contributors. (2019, May 4). Loom Network. In bitcoin wiki, The Free Cryptocurrency Encyclopedia. Retrieved 08:24, May 5, 2019, from https://en.bitcoinwiki.org/index.php?title=Loom_Network&oldid;=376379