Loom Network is building a fundamental infrastructure platform to help Ethereum scale. It allows developers to run large-scale applications, and is the first Ethereum scaling solution to be live in production. In short, you can think of Loom Network as EOS on top of Ethereum.
The Loom SDK
Our core product is an SDK that allows developers to quickly build their own blockchains without having to understand blockchain infrastructure. Think of it like a “build your own blockchain” generator.
DAppChains: Each DApp On Its Own Sidechain
The Loom SDK generates what’s called a DAppChain — a layer-two blockchain that uses Ethereum as its base-layer.
Running each DApp on its own sidechain to Ethereum has a number of benefits, but most importantly:
DAppChains can use alternative consensus rulesets (like DPoS) that optimize for high scalability.
Using Ethereum as a base-layer means DAppChain-based assets (like ERC20 and ERC721 tokens) can have the security guarantees of Ethereum, especially when backed by Plasma.
DPoS = Massively Scalable DApps
Our SDK allows developers to choose their consensus algorithm and rulesets to customize the scalability / security tradeoffs to their DApps needs.
Out of the box we support DPoS (Delegated Proof of Stake), which enables large-scale online games and social apps — the 2 initial types of DApps we’re focusing on (though you can build any type of DApp on the Loom SDK).