Look Ma! No Gas (fees)..on playing this Layer 2 based Blockchain Solution

Written by reza | Published 2019/11/23
Tech Story Tags: blockchain | ethereum | ethereum-scalability | layer-two-solution-blockchain | latest-tech-stories | hackernoon-top-story | decentralized-apps | what-is-a-layer-2-solution

TLDR Decentralized applications (dapps) have the opportunity to show us the true potential of blockchain technology. While dapps can serve as an on-ramp to bring in new users to the cryptocurrency world, they also are facing their own problems on the path to mainstream adoption. Loom Network is a Layer 2 Solution that solves problems faced by both users and developers. According to a recently published report, Loom is capable of processing a transaction in 1–3 seconds, there are no gas fees for processing transactions, and users can be on-boarded without having a pre-existing cryptocurrency wallet.via the TL;DR App

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Written by reza | Community at PubDAO / Decrypt / Squib at GringottsDAO / Co-founder at BrokeBoyzNFT
Published by HackerNoon on 2019/11/23