He is the CMO of Loom Network as well as the CEO of Epictetus Ventures, an investment company. Based in Seoul in South Korea, Duffy has founded a variety of companies including and Auragin. Zhang, after completing a BA in marketing from York University in Canada, worked as a developer for a variety of different companies including Elemica, Workopolis and Blockmason.ĭuffy completed a bachelor of science in mathematics at Virginia Tech. Since founding Loom in 2017 in Bangkok, Thailand, he has also founded OctoVision, an AI and robotics company aimed at helping create sustainable aquaculture. Campbell also worked as a technical architect for both Bloomberg and Reuters.
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He has worked in a range of software development roles for companies such as DigitalOcean and Bell South. The Loom Network was founded by Matthew Campbell, Luke Zhang and James Martin Duffy. Campbell, the principal of the project, studied at Georgia State University, graduating in 2007. Developers also pay for DApp hosting on the Loom Network with LOOM tokens. Holders can earn LOOM as a reward for undertaking certain functions on the network. The LOOM token helps secure the protocol.
This allegedly means that DApps built on Loom can be offered to users on other major platforms. The website says that developers can smoothly integrate assets from other chains, including Bitcoin, Ethereum and Binance Chain. For individuals who have no interest in becoming involved in crypto-related software, such as wallets, the potential greater accessibility of apps on the Loom Network could make it a more attractive proposition.
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Loom Network, like a host of other blockchain companies, says it is making crypto more scalable by prioritising user experience – in other words, making the apps look the same as those used by people every day.įurthermore, users of these apps, the company claims, do not need to download crypto wallet software. With much of society still perceiving crypto to be opaque, the remit of tech nerds and hard to use, it remains difficult for blockchain to push into mainstream use. What is Loom Network (LOOM)?Īccording to the crypto’s website, the Loom Network allows developers to create DApps with a comparable user experience to traditional legacy technologies.
Over the past couple of weeks, however – no doubt due to Coinbase’s 7 February announcement that it is listing the crypto on its exchange – the coin has picked up. But what is the Loom Network price prediction?īefore we look at forecasts, let’s take a quick overview of the coin. Having gone live in 2018, the Loom Network, ranked number 455 by market capitalisation according to CoinMarketCap, has performed somewhat averagely until relatively recently. Loom Network, built on Ethereum, is yet another coin purporting to provide developers with the “scalability and usability” they require to build successful decentralised apps, also known as DApps.
The price is further believed to drop below $0.35 or may even test the lower support at $0.33, post to which it is believed that the price may trigger a rebound and reclaim the levels above $0.35 initially and may also hit $0.4 in the coming days.Scalability is an increasingly common buzzword in the world of crypto start-ups. Considering the current stands, the XRP price is trading under a notable bearish influence and is believed to remain for some more time ahead.Īs mentioned before, the XRP price is forming constant higher highs and lows, maintaining a notable descending trend.
XRP, on the other hand, is gaining more traction as a good platform for cross-border payment and hence is believed to explode once the CBDC hype resurfaces. Meanwhile, Gokhsteim dismissed the narrative that Bitcoin may reach its target or not, at least in the next 90 days. When the XRP army states that $XRP has a chance of hitting $589, you get the entire space dogging the possibility.- David Gokhshtein ®️ March 20, 2023 When people talk about #Bitcoin potentially hitting $1M in 90 days, we throw parties and shit.
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