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What is Loom Network (LOOM)?

Loom Network is building a fundamental infrastructure platform that will help Ethereum scale, and is the first Ethereum scaling solution to be live in production.

It uses app-specific sidechains (called DAppChains) that run in parallel to Ethereum mainnet, so that large-scale decentralized apps can run more efficiently and at scale. Loom Network’s SDK allows developers to quickly build their own sidechain-based DApps without having to understand blockchain infrastructure, and use more performant consensus algorithms like DPoS while still securing tokens and assets on Ethereum.