Breaking

Thursday, March 15, 2018

Huge developments for Ethereum - as a little-known startup may have just solved the scaling issues!

Loom Network is releasing a developer toolkit today that seemingly outperforms both Raiden Network, and Plasma. The company describes themselves as "The next-generation blockchain platform for large-scale online games and social apps."

Boasting the ability for massive multiplayer games such as World Of Warcraft to run smoothly on Ethereum's blockchain.

“With Bitcoin came the world’s first blockchain, a decentralized ledger of financial transactions that cannot be counterfeited, forged, or modified, Ethereum took it a step further by allowing developers to upload indelible pieces of code into the Blockchain, called ‘smart contracts.’ Loom Network is the next logical step in this evolution — it allows developers to run these unstoppable applications on a massive scale.” says James Duffy, the co-founder.

The technology provides it's scalibility benefits by running each DApp on it's own blockchain, called a "DAppChain" - that runs parallel to an Ethereum smart contract.

Remember when Cryptokitties bogged down the entire Ethereum network? Well, imagine running a million, at once, and not noticing any difference in network congestion.

This very well could be the limitless scaling solution we've been waiting for.  But worth noting, these dedicated sidechains will be less secure and centralized ( and at least now during beta phase, only hosted with Loom Network) - giving less security.

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Author: Ross Davis
San Francisco News Desk