austin16269
about 1 month ago  Karma: 11
Loom network vs polkadot

What is the difference in the platforms I noticed that on polkadot a user can launch a chain within days or a week wondering how loom is in comparison.

en
#sidechain
austin16269
about 1 month ago  Karma: 11
Loom network vs polkadot

What is the difference in the platforms I noticed that on polkadot a user can launch a chain within days or a week wondering how loom is in comparison.

en
#sidechain

ONE ANSWER
svedlifestyle
22 days ago Karma: 0

As I understand Loom's PlasmaChain is capable, or at least will be capable of running smart contracts.

On top of PlasmaChain one of the first sidechains is the DelegateCall Sidechain which is specific for social purposes with specific transaction types like account creation or voting.

If your use case is not advanced, then you will be able to use the GameChain, SocialChain or PlasmaChain with your smart contracts, where you pay only for deploying the smart contract and a monthly fee for each smart contract, and every transaction is free (side note: curious how it will work out).

If needed nn top of PlasmaChain you will be able to launch new sidechains, just like Polkadot.

As I understand Loom's PlasmaChain is capable, or at least will be capable of running smart contracts.

On top of PlasmaChain one of the first sidechains is the DelegateCall Sidechain which is specific for social purposes with specific transaction types like account creation or voting.

If your use case is not advanced, then you will be able to use the GameChain, SocialChain or PlasmaChain with your smart contracts, where you pay only for deploying the smart contract and a monthly fee for each smart contract, and every transaction is free (side note: curious how it will work out).

If needed nn top of PlasmaChain you will be able to launch new sidechains, just like Polkadot.

Earn tokens by posting and answering questions about blockchain!
Karma to eth
YOUR ANSWER