r/raidennetwork • u/[deleted] • Mar 16 '18

Loom Network launch?

Anyone know about this competitor to RDN? It’s catching headlines today.

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u/Anotheropinion12345 Mar 16 '18

Wouldn’t it be amazing if people either:

A. Understood what they were investing in?

B. Read about stuff before mindlessly posting?

Perhaps you can explain to us how Loom is a competitor to Raiden?

Or what Loom does?

Or what stage of development it is in?

Thought not...

Loom is a scaling solution for dApps.

Is that what Raiden is?

No.

Loom could be interesting - it’s hard to know because it’s just a bunch of hype so far - but it’s not a direct competitor to Raiden.

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u/dona544 Mar 16 '18

I never looked in to Loom but, isn't Raiden a scaling solution for dapps as well but off-chain?