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The Loom Network (LOOM) is a next generation blockchain platform designed to allow for large scale applications to be launched on the Ethereum blockchain. The Loom network is notable for being the first production ready solution capable of increasing the core capacity of Ethereum, launching in March 2018 beating to the pass more hyped scaling solutions like the Raiden network and Plasma. The Loom network has delivered a viable Ethereum scaling solution and created fundamental value for its native LOOM-token – which has enjoyed a period of strong price performance recently following the release of a series of new interoperability solutions. The Loom network’s native token, Loom-token, has risen ~57% in the last month and is currently trading at ~USD 0.07. The project has recently implemented a number of significant updates and has benefited from favourable wider market conditions. Read the entire in depth analysis on Brave New Coin
