Mythos is Launching a Loom Validator
As a premium staking services provider we’re really particular about which crypto networks we service — we like networks with massive growth potential, a strong community, and technical teams with a proven ability to ship.
That’s why we’re excited to announce our intent to provide a Mythos validator for LOOM Token holders on the Loom Network.
Why Loom?
Loom is building a network of sidechains to help Ethereum scale. Think of it as EOS on top of Ethereum. The Ethereum bit is important — unlike EOS, Loom uses Plasma architecture to scale with dPoS sidechains while still inheriting the security properties of the Ethereum Mainnet.
While Loom’s long term vision is to enable any type of million-user dapp on Ethereum, they believe games will be the initial catalyst for crypto mass adoption. And we’ve watched them quickly become the go-to platform for crypto gaming attracting projects like CryptoWars, NeonDistrict, AxieInfinity, as well as their inhouse developed Zombie Battleground card game.
So why are we launching a Loom validator? We like Loom’s Plasma approach technology, their proven ability to build community, their focus on end-user experience, and maybe most of all, their ship-fast-ship-often ethos.
Mythos Validator on the PlasmaChain Testnet
PlasmaChain is the component of the Loom Network that will serve as a bridge between Loom sidechains and the Ethereum mainnet. It includes a marketplace to enable off-chain digital tokens and collectibles exchange all secured by the Ethereum mainchain.
Our role as a validator on PlasmaChain is to assure the health, performance, and security of the network. And we take this role seriously. To thoroughly prepare our services for Loom, Mythos is already testing its validator infrastructure on Loom’s PlasmaChain Testnet. Over the coming week our team, along with Loom developers and a group of initial validators will be working to ensure the PlasmaChain is ready for primetime.
While there’s still work to be done, we expect to be validating Zombie card marketplace transactions in production soon.
What does this mean for Loom Token Holders?
If you’re a Loom token holder there’s good news — you’ll soon have the ability to earn a return by delegating your Loom tokens to the Mythos Loom validator.
While the details aren’t available yet, in the coming weeks we’ll be able to share how to delegate your Loom tokens to Mythos and most importantly, how much you can expect to earn.
Get details by signing up for our Loom delegator newsletter now.
And make sure you check out Loom’s official validator announcement here.
Stay tuned
Stay up to date on the latest, subscribe:
- Loom Validator Newsletter: mythos.services/sign-up
- Loom Validator Details: mythos.services/loom
Related Information
Related articles & details:
- Loom’s Mythos Announcement: The First External Validators Go Live!
- Loom Overview: Loom Overview by Binance Research
- Plasma Cash Technology: Whitepaper by Georgios Konstantopoulos
- Loom Delegator Teaser: How You Can Become a PlasmaChain Delegator
