![]() The third key component at work within Loom Network, which sets the network apart from others, is the dAppchain, purportedly an effective layer-2 Ethereum scaling solution. DPoS makes processing more efficient because validator nodes are already chosen when transactions are presented to the network. DPoS works by individuals staking their native Loom Network tokens to delegate the validator of their choice, essentially voting for candidates to represent a political residential district or territory. Loom Network implements a Delegated Proof-of-Stake (DPoS) consensus mechanism, an efficient modification of Proof-of-Stake (PoS), the consensus algorithm at work in the Ethereum Network. The second key component of Loom Network is the consensus mechanism. Applications developed using the Loom Network SDK can be integrated into the Ethereum network as sidechains with their own associated consensus standard, data protocols, and rules, further securing the dApp, which also leverages Ethereum’s native consensus architecture. ![]() ![]() The SDK provided by the Loom Network implementation removes the need for developers to comprehend or be able to program in Solidity deeply. Solidity programming language is typically required for a developer to be familiar with to make on the Ethereum native network directly. The first, Loom Network’s software development kit (SDK), is purported to enable simpler application development for engineers who desire to build on the platform. The Bangkok, Thailand-based Loom Network is also positioned as a protocol that is able to assist decentralized applications (dApps) in scaling on the Ethereum platform by implementing three key components of its network infrastructure. Loom Network is also designed to enable off-chain applications to integrate easily into the blockchain environment, thereby existing in both spaces and economies. Loom Network is an Ethereum-based decentralized platform that enables applications built on the Ethereum Network without developers needing to understand the advanced concepts required to build on Ethereum natively. ![]()
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