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Loom Network Climbs on Its SDK Public Beta Release

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Loom Network

After going through a rough weekend and an even bloody Monday, crypto markets all over the world are now attempting for a recovery. Some altcoins have also contributed to the pace of recovery. Such a promising altcoin is loom network which has released its software development kit public beta version which gave its markets a bullish trend that continues even now. This public release will allow developers to try out loom network and build customized DAppChain games. After all decentralized apps have spiked many developer’s interests towards crypto. Loom Network does not have a whitepaper because according to them a whitepaper is all talk and unfulfilling promises. Such a daring project releasing their public beta at this point could only mean increased user base and bullish sentiments. In this article, we shall find out more about loom network’s potential and its recent achievements that contributed to its current performance.

An Overview of Loom Network:

For those who have not heard of Loom Network before, it’s a blockchain based ecosystem for games and even social apps. Loom Network is a platform as a service which was created on Ethereum blockchain. It allows developers to create and execute large-scale DApps. Loom Network applies the concept of a system of sidechains through which helps each decentralised application to run on its own sidechain avoiding congestion and network load and promote speed as well as scalability. The best part of using Loom Network SDK is that devs can code their own DApps in general programming languages. Loom Network aims to build a platform responsible for the creation of various blockchain-powered games and Apps through a scalable infrastructure.

Notable Features of Loom Network:

Loom Network was created back in September 2017 as fundamental infrastructure platform which would help Ethereum scale, it is also the first scaling solution for Ethereum to be live in production. The team of loom network also calls it EOS on top of Ethereum for better comprehension. The core product of loom network is their SDK which works as a B.Y.O.B (build your own blockchain). It also generates what is being called as ‘DAppChain’ which is a 2-layered blockchain having Ethereum as its base layer. DApps built using loom network would run on separate DAppChains because there are two effective advantages of it.

  1. DAppChains use alternative consensus rulesets which optimises DApps to gain higher scalability.
  2. As told earlier, the base layer of Ethereum guarantees security for DAppChain based assets.

Securing Listing on South Korean Crypto Exchange, Upbit:

Earlier on Tuesday, the announcement of listing Loom Network came from Upbit, a well-known cryptocurrency exchange based in South Korea. It is one of the largest crypto exchanges of South Korea based on 24hr volume statistics. Around $334 million worth of crypto were processed by Upbit within the past 24 hours. The same day loom network became available for trading which means the exchange process has already started. According to CoinMarketCap an approximate of $50 million (excluding trading fee) worth of $LOOM has exchanged hands through Upbit within past 24 hours. Loom network has also been listed on BartexDEX and Binance last month so it’s clear to see that the team behind loom network is getting ahead with listings on influential exchanges.

Loom Network SDK Beta Goes Live:

The announcement of loom network’s public beta release was well-received by crypto enthusiasts as well as blockchain developers. They also revealed information regarding the tools available for developers for building on their network with some additional examples of DApps. The Loom network SDK along with its tools are supposed to promote largescale adoption from differently skilled developers interested in DAppChain. The number of users on Loom Network has been increasing for the past few months. Their educational course CryptoZombies which helps new devs to learn how to create Ethereum DApps has gained 207,000 people up until now and its expected that all of them will now eye the newly released SDK. A couple of upcoming announcements and hints were also released with SDK public beta. The SDK roadmap and details on the Token Utility Updates are arriving next for the community according to the official tweet by loom network.

Current Market Position:

According to the data on CoinMarketCap, Loom Network is placed at the 73rd largest cryptocurrency having a total market capitalization of $154.6 million. Its individual price at the time of writing is close to $0.255 with an increased rate of 2.04%. LOOM tokens serve a very different purpose, for purchasing a license for developers to build games. The total circulating supply of Loom Network remains 606.4 million $LOOM. The booming performance by loom network is being tied to the Upbit listing because, in the past, crypto enthusiasts and investors have observed many altcoins rise after official listing on a South Korean exchange.

Final thoughts:

These past hours might’ve been bullish for loom network but people who have been following its trends since way back must know that it was nowhere close to its once all-time-high mark of $0.67. There’s no denying that this project has enormous potential but it needs more activity towards reaching their milestones to secure significant investment.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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