Any wallet that is compatible with ERC20 tokens is also compatible with LOOM tokens. LOOM tokens can be traded for on major crypto exchanges. Unlike many other token teams, the Loom team did not do an ICO and were privately funded. There is a fixed supply of 1 billion LOOM tokens with about 55%-65% of the total supply in circulation and the remaining supply held by the company, team, and advisors. LOOM tokens are ERC20 tokens that were created on the Ethereum network. Transferrable to any other platform, exchange, or account.The game benefits from being on the blockchain because cards and in-game items are: The game allows plays to collect rare cards and battle each other. To demonstrate the value and functionality of their side chain technology, Loom has developed several blockchain games with the most ambitious game being Zombie Battlegrounds–which is now called Relentless.
#My crypto hero loom network code#
In CryptoZombies, users learn to code a crypto-collectible game that is similar to CryptoKitties where the kitties are replaced by zombies. Solidity called CryptoZombies, which is an interactive coding tutorial course. The Loom Network created the most popular way for beginners to learn to code using Loom Network was started in 2017 and founded by current CEO Matthew Campbell, current CTO Luke Zhang, and current CMO James Duffy. Loom has developed several types of side chains such as PlasmaChain, DAppChains, and GameChain, and SocialChain. These layer 2 solutions are based on proof-of-stake mechanisms and side chains. Loom has built ‘layer 2’ scaling that does not rely on a change in the base Ethereum protocol, but instead builds a structure on top of Ethereum that allows fast applications to be built. These customized side chains allow developers to tweak security, decentralization, and scalability requirements instead of relying solely on Ethereum’s primary features. The development of these side chains is Loom’s primary offering in which developers can create their own specially focused blockchain networks depending on the objective of each application. Side chains are essentially minor blockchains that are linked to a larger blockchain network such as Ethereum.
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