Aeternity AE to Loom Network LOOM Exchange

Crypto Pair Details: AE to LOOM

Aeternity AE

æternity is a public, open-source blockchain protocol that enables a platform for next-generation decentralized applications with high scalability. Its core components are written in the functional programming language Erlang and its smart contract language - Sophia - is also functional. æternity has a stellar team of developers including Robert Virding - co-creator of Erlang, John Hughes - co-designer of Haskell, and Ulf Norell - co-designer of the Agda programming language for formal verification. Unlike other blockchain platforms, the æternity protocol itself incorporates a number of essential technological features. State channels for off-chain scaling, oracles for real-world information, and a naming system for increased user-friendliness are all implemented on Layer 1. æternity also features SDKs in Javascript, GO, Phyton, Java, as well as a middleware and a development suite that streamline smart contract development. æternity incorporates the Bitcoin-NG consensus algorithm developed by academics from Cornell University and uses the Cuckoo Cycle mining algorithm for Sybil attack protection. AE tokens, the native cryptocurrency of the æternity platform, is used for both - an economic unit of account and as ballots in the community-driven on-chain governance votes.

Loom Network LOOM

The Next-Generation Blockchain Application Platform for Ethereum. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. What is Loom Network? Loom Network is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. Live in production Loom Network has been live in production since March 2018. Developers, start building on Loom today. Highly Scalable Sidechains Dubbed “EOS on Ethereum”, Loom’s DPoS sidechains provide the same high scalability and throughput promised by alternative platforms like EOS, while still being fully Ethereum-compatible and secure. Backed by Ethereum We built the world’s first Plasma Cash implementation, which allows Ethereum-based tokens to be used on Loom sidechains with the full security guarantees of Ethereum.

SOURCE: COINGECKO

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