Thread by @2xnmore

$LOOP is seen as a potential #100x project but some have their doubts.

1. What is Loop Network?
2. What is #LOOP Chain?
3. Benefits for developers.
4. Features of loop network.

Everything you need to know And more in the thread 🧵.

@LoopNetwork3

1️⃣ What is $Loop Network?

It is a cryptocurrency system that offers support for smart contracts, while overcoming the scalability and privacy limitations found in previous systems.

The $Loop network enables individuals to establish smart contracts through coding, defining the behavior of the virtual machine executing the contract's functions.

The aim of Loop Network is to address scalability and usability concerns while maintaining decentralization.

The $Loop network utilizes the existing developer community and its ecosystem.

It is an off-chain scaling solution that enhances scalability and enhances the user experience for DApps and other features for existing platforms.

2️⃣ What is LOOP Chain?

$LOOP Chain provides EVM-compatible programmability and cross-chain communication through a unique consensus combining Proof of Stake and Authority (PoSA).

3️⃣ What are the advantages for developers working on LOOP Chain?

• EVM compatibility: $LOOP Chain supports all existing Ethereum tools and offers fast block time and lower costs.

• Native cross-chain transfer and communication:

-LoopSwap serves as a convenient platform for exchanging assets on the Loop Chain.

• $LOOP Chain enables users to benefit from efficient asset transfer and trading.

4️⃣ #DeFi represents a transparent, international financial system designed for the digital era.

It offers an alternative to the traditional opaque and rigid system held together by outdated infrastructure and procedures.

It provides individuals with control and transparency over their finances.

$Loop gives you exposure to global markets and alternatives to your local currency or banking options.

Smart contracts follow a straightforward 'if this, then that' structure, executing exactly as programmed and incapable of being altered.

Programmable Money

This concept may seem strange - "why would I want to program my money?"

However, anyone can incorporate logic into their payments.

With this approach, you can attain the security and control of Bitcoin combined with the services provided by financial institutions.

Perform actions with cryptocurrencies that are not possible with Bitcoin, such as lending, borrowing, scheduling payments, and investing in index funds.

Stay up-to-date with the latest news by following the team's social media accounts and never miss out

That's all folks

If you enjoyed this thread:

1. Follow me @2xnmore for more of these

2. Also follow @LoopNetwork3 and share the thread, thanks.

$LOOP #LOOP