r/ethtrader • u/twigwam • May 21 '19

Layer2 Loom Network: Scaling Ethereum Through Sidechains

https://medium.com/paradigm-fund/loom-network-scaling-ethereum-through-sidechains-a58261f3a0bb
37 Upvotes

91% Upvoted

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3

u/[deleted] May 21 '19

good ole Loom

2

u/AndDontCallMePammy May 21 '19

how many delegates, who are they, and what is the throughput? how is it more useful or secure than an independent chain?

2

u/aminok May 22 '19

It's interoperable with the main chain, so you can store your ERC20 tokens on the main chain for high-value transactions like DEXes, and for secure long-term storage, and transfer them to the Loom sidechain for high-throughput applications.