Loop Network Blockchain Tercepat Tahun 2022 Great projects – Loop network is a powerful defi platform and super scalable Blockchain.
Loop network developed for decentralized applications and built on Ethereum Dapps network with minimal changes and will automatically confirm your smart contacts, and those contracts will work immediately for Ethereum tools like (MetaMask, Remix, Hardhat, Waffle, and Truffle. Support for Solidity, Vyper, and anything else that compiles to EVM bytecode)
According to the Loop Network the scaling is not enough, the Loop Network has a transaction speed of 65k TPS and can be increased up to 150k TPS and the loop network is developed with Blockchain Advanced Consensus (pBFT) which can solve this problem, this technology is called the Trillema blockchain and will maintain Decentralization and Security,
Three unique Loop Network
- DEFI Ecosystem – is finance designed for the global Internet era and for an alternative to an impenetrable system, and is tightly controlled and combined with an infrastructure that has been built for decades and aims to control your finances and give you exposure. to global markets and an alternative to your local or banking currency
- smart contracts – are the fundamental building blocks built with EVM applications computer programs stored on the Blockchain to convert traditional contacts into a digital parallel, behaving exactly as programmed and irreversible,
- programmable money – anyone can do it and program the logic into payments, you will get the control and security of bitcoin mixed with the services provided by financial institutions, with a loop network you can make investments, schedule payments, savings and loans, and much more ,
Token nomic Loop Network
The Loop network has a total supply of 200,000,000 LOOP coins with a supply circulation of 180,000,000 and liquidity of 180,000,000 which has been added to the pancakeswap with a total market cap of IDR 118,859,259,972 and trading volume in 24 hours reaching IDR 10,767,194,492 and at the time of writing LOOP was traded at a price of IDR 593.54 in the last few months LOOP touched at ATH Best and highest around IDR 1,122.76 to be exact on Sep 20, 2022 and the lowest price was around IDR 34.10 and this happened on May 12, 2022 if you buy at the launch of your token get the ROI achievement of 15,657,845.64% this is a very extraordinary quest
What are LOOP Chains? – LOOP Chain delivers EVM-compatible programming capabilities and native cross-chain communication with LOOP Chain using innovative Proof of Stake and Authority (PoSA) consensus
How does a LOOP Chain work? – LOOP Chain relies on a Proof of Stake and Authority (PoSA) consensus system that can support short block times and lower fees. There will be fewer validators on the LOOP Chain testnet.
What is Loop Network
Consensus of LOOP network Abstract We target to design the consensus engine of LOOP (Loop Network) to achieve the following goals:Wait a few blocks to confirm (should be less than Ethereum 1.0), better no fork in most cases.Blocking time should be shorter than Ethereum 1.0, i.e. 3 seconds on Loop Network No inflation, the block reward is transaction gas fees.As much as compatible as Ethereum.With staking and governance as powerful as Cosmos SDK.
pBFT (Practical Byzantine Fault Tolerance) consensus algorithm allows a distributed system to reach a consensus even when a small amount of nodes demonstrate malicious behavior (such as falsifying information). During information transmission, PBFT uses cryptographic algorithms such as signature, signature verification, and hash to ensure that everything stays irrevocable, unforgeable, and indisputable. It also optimizes the BFT algorithm, reducing its complexity from exponential to polynomial. In a distributed system that constitutes 3f+1 nodes (f represents the number of byzantine nodes), a consensus can be reached as long as no less than 2f+1 non-byzantine nodes are functioning normally.
Contract Address Loop Network 0xcE186ad6430E2Fe494a22C9eDbD4c68794a28B35
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