+11.72% growth: How to Buy Loom Network (LOOM) – A Step by Step Guide
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What is LOOM?
Loom Network (LOOM) is a Platform as a Service intended to allow Ethereum-based Solidity applications to be run on side chains. With the belief that applications should be allowed to have more relaxed consensus mechanisms depending on their needs and potential threat model, Loom aims to make scaling decentralized applications faster and easier while remaining on the Ethereum network. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet.
Currently LOOM is being ranked 141 on Coinmarketcap and has recently surged a hefty 11.72% at the time of writing.
LOOM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy LOOM.