Announcing Loom Basechain Interoperability with Cosmos Hub

Matthew Campbell
Jan 16, 2019 · 3 min read
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Update:


Today, we have some really exciting news to share with you, and it’s the first major step for us on a path to blockchain interoperability — to a Loom multichain network.

We are thrilled to announce that, once the Cosmos mainnet launches, we will be enabling a token bridge between Loom Network’s Basechain and the new Cosmos Hub.

Once Cosmos’ decentralized exchange (DEX) is live, you’ll be able to send your non-fungible tokens (NFTs) from any DApp running on Basechain to the Cosmos network for trading.

Additionally, holders of the Cosmos ATOM token will be able to trade their tokens for ETH on Loom, and deploy EVM Smart Contracts to Basechain — which will make it possible to send and receive tokens from Cosmos mainnet.

This cross-chain usability is a big win for both chains.

About Basechain and Cosmos Hub

Basechain

Cosmos Hub

Benefits of Interoperability

Both LOOM and ATOM holders can expect to see more utility in their tokens, validators will gain opportunities to earn even more rewards, and developers will have new areas and capabilities for deploying their smart contracts.

Benefits for Loom Validators:

Benefits for Cosmos Validators:

Benefits for Loom Token Holders:

Benefits for Atom Token Holders:

Benefits for Developers on Loom:

Benefits for Developers on Cosmos:

Great Things Ahead

Here’s to the future of blockchain tech.

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Loom Network is the multichain interop platform for scaling high-performance dapps — already live in production, audited, and battle-tested.

Deploy your dapp to Loom’s Basechain once and reach the widest possible user base across all major blockchains today.

New to Loom? Start here.

Want to stake your LOOM tokens and help secure Basechain? Find out how.

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Loom Network

Distributed Enterprise Platform for Healthcare Providers

Matthew Campbell

Written by

Cofounder https://loomx.io build scalable blockchain games and social apps on the Loom SDK.

Loom Network

Building a distributed enterprise platform for managing data — focused on healthcare providers and government departments.

Matthew Campbell

Written by

Cofounder https://loomx.io build scalable blockchain games and social apps on the Loom SDK.

Loom Network

Building a distributed enterprise platform for managing data — focused on healthcare providers and government departments.

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