Loom Network Company Update

This article was first published on Loom Network - Medium

Matthew Campbell has recently stepped down from his role as CEO of Loom Network, and with this departure, Vadim Macagon has taken over.

Vadim has been with Loom Network since its inception, and has held multiple roles during his time at the company, most recently as the Blockchain Engineering Manager.

What’s Changing?

Effective immediately, we are discontinuing the bounty program. It didn’t work out how we expected it would, and just caused a lot of resentment.

Recently, we’ve been working on a couple of new projects, one targeting the healthcare industry and one targeting the travel industry. We’ll be posting details about these projects in the near future.

What’s Staying the Same?

Boosting Basechain performance remains a core goal for 2020, as well as expanding interoperability with other useful blockchains, and keeping a healthy token staking ecosystem with reputable validators.

We’ve previously mentioned improving the speed of Basechain using WASM and sharding, but performance is not just about the speed at which the chain can chew through transactions. We’ve been running blockchains for a while, and are well aware of the ever expanding disk usage and associated costs. So we’ll continue tuning the resource usage of Basechain nodes to drive down the costs.

At the same time, we’ll continue supporting all kinds of dapps on Basechain, improving our documentation, and providing dev support via Telegram.

Thank You for Being Here!

Things may be getting shaken up a bit, but make no mistake… we’re the same hard-working, code-slinging, meme-loving Loom Network that you’ve been following over the years.

A MASSIVE THANKS TO YOU and the whole Loom Universe community! Here’s to a future filled with amazing things…

Loom Network is the multichain interop platform for scaling high-performance dapps — already live in production, audited, and battle-tested.

Deploy your dapp to Loom’s Basechain once and reach the widest possible user ...

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Loom Network - Medium

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