Loom Network Is Planning To Integrate The EOS And TRON To Their PlasmaChain
The Loom Network last week announced their support for the top ERC20 tokens by the market cap, this is the likes of Binance Coin, that will be on the PlasmaChain. One that has been considered to be a high-performance DPoS sidechain that has been acting as a bridge that exists between the Ethereum and the multiple chains. The Loom Network has been established as a blockchain ecosystem that is used for social apps and different games in the market.
On Wednesday is when the network went ahead to keep the good news rolling, all this came with the revelation that they will be going ahead to integrate the TRON together with the EOS into the PlasmaChain. All this is to ensure that they further improve the current ecosystem surrounding the dApps developer.
“Over the coming weeks, Loom Network will be releasing integrations for Tron and EOS into PlasmaChain — effectively allowing dapp developers to offer their dapps to users on all three chains simultaneously,” stated Loom co-founder James Duffy.
After further interrogation, the EOS and the TRON users will be able to easily purchase different items from the PlasmaChain dApps this is with the use of the TRX and the EOS tokens. But this is not all as they will be able to sign for the transactions with the use of only their TRON or EOS wallets. As a result, this will seamlessly integrate the PlasmaChain straight into the Layer one of their choice.
Thus, we should eventually see an expansion of the companies’ potential user base; this is for the dApps or game development that is on the PlasmaChain. At the same time, the platform will be able to limit any instances where the gamer is separated from the other simply because of the existence if different blockchains.
It was expected that with the news the Ethereum zealots would be upset, but in fact, it has been received better than expected by the market. As we have seen LOOM go up by 8.8% to values of $0.072598, thus, this has given the altcoin a market cap of about $55.4 million.