1H
0.00%$0.0000
24H
0.00%$0.0000
7D
0.00%$0.0000
30D
-4.33%$0.0002
Loom Network is an American startup with its own cryptocurrency, implemented on the Ethereum blockchain. It is designed to solve the problem of scalability when working with decentralized applications. Cryptocurrency of Loom Network has a stock Ticker LOOM. It was established in the first quarter of 2018. A total of 1 billion coins was released, of which 606 million LOOM are in circulation at the time of writing. As of May 23, 2018, the total capitalization exceeds 243 million dollars. The daily turnover on all exchanges is $8 million. The token costs $0.4. Trading with LOOM token began on March 14, 2018, at a price of $0.076. So far, the coin shows an upward trend in growth. Especially the token has grown in value since May 2, when listing of LOOM on the Binance crypto exchange was held. In just 3 days, the price rose from $0.31 to $0.69.
When preparing an update on a blockchain, first the development team needs to understand the task and requirements at hand. There are lots of available solutions out there nowadays in hashing algorithms and consensus mechanisms.
Here is everything you need to know about a crypto flash crash – a situation when crypto assets lose a significant amount of their value in a short period and then recover soon after. You will find out how it works, how it can affect you, and if it is possible to prevent it.