Loom Network Company Update

Loom Network
Feb 21 · 2 min read
Image for post
Image for post

Matthew Campbell has recently stepped down from his role as CEO of Loom Network, and with this departure, Vadim Macagon has taken over.

Vadim has been with Loom Network since its inception, and has held multiple roles during his time at the company, most recently as the Blockchain Engineering Manager.

What’s Changing?

Effective immediately, we are discontinuing the bounty program. It didn’t work out how we expected it would, and just caused a lot of resentment.

Recently, we’ve been working on a couple of new projects, one targeting the healthcare industry and one targeting the travel industry. We’ll be posting details about these projects in the near future.

What’s Staying the Same?

Boosting Basechain performance remains a core goal for 2020, as well as expanding interoperability with other useful blockchains, and keeping a healthy ecosystem with reputable validators.

We’ve previously mentioned improving the speed of Basechain using WASM and sharding, but performance is not just about the speed at which the chain can chew through transactions. We’ve been running blockchains for a while, and are well aware of the ever expanding disk usage and associated costs. So we’ll continue tuning the resource usage of Basechain nodes to drive down the costs.

At the same time, we’ll continue supporting all kinds of dapps on Basechain, improving our , and providing .

Thank You for Being Here!

Things may be getting shaken up a bit, but make no mistake… we’re the same hard-working, code-slinging, meme-loving Loom Network that you’ve been following over the years.

A MASSIVE THANKS TO YOU and the whole Loom Universe community! Here’s to a future filled with amazing things…

Image for post
Image for post

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?.

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

Like what we’re doing here? Stay in the loop by .

Loom Network

Distributed Enterprise Platform for Healthcare Providers

Loom Network

Written by

We're building a distributed enterprise platform for healthcare providers.

Loom Network

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

Loom Network

Written by

We're building a distributed enterprise platform for healthcare providers.

Loom Network

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

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface.

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox.

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store