Buy & Sell Loom Network (LOOM) – Loom Network Price Today
About LOOM
Loom Network is a platform built on top of Ethereum that allows developers to run large-scale decentralized applications. Loom position itself as the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language. It runs on Plasma, a scaling solution that enable faster transactions throughout the network.
Token Type
ERC-20, BEP20
Tech Snapshot
Chain Concensus
Chain Consensus
Consensus mechanism underpins a fault-tolerant system in cryptocurrency ecosystem. It is used in coins to achieve agreement necessary to process transactions. Its necessary requirement for distributed, public blockchain to work.
Chain Concensus
Proof of Stake (PoS)
Hash Algorithm
Hash Algorithm
A hashing algorithm is a mathematical function that garbles data and makes it unreadable. Hashing algorithms are one-way programs, so the text can't be unscrambled and decoded by anyone else.
Hash Algorithm
SHA-256
Community
Resources
Frequently Asked Questions
What is Crypto Asset?
Crypto Asset is a new type of digital currency. Crypto is decentralized, not controlled by a central authority like a bank or government and instead is exchanged person-to-person.
How secure is Pluang Crypto?
Pluang has partnered with PT Bumi Santosa Cemerlang (BSC) to provide you the best digital wallet security.
Is Pluang Crypto Asset regulated?
Pluang Crypto Asset is powered by BSC (PT Bumi Santosa Cemerlang). BSC has been registered in Commodity Futures Trading Regulatory Agency (BAPPEBTI) of Indonesia.
Can I transfer my Crypto Assets to other crypto wallet addresses?
Yes, you can send and receive Crypto Assets using your Pluang crypto wallet. We are dedicated to making sure your crypto transactions are safe and secure. We have partnered with Fireblocks, one of the biggest and most secure digital asset self-custody providers in the world, to hold custody of your Crypto Assets and facilitate digital assets transfer.
What is bid-ask spread?
Spread is the difference between buy and sell price in the form of percentage. Unlike other assets, the spread in cryptocurrency may increase/decrease following the market condition. This happens due to the high volatility of Cryptocurrency and its liquidity. Spread can increase above 1% during very volatile market but usually averages below 1%. Our team here at Pluang will always try to keep the spread as low as possible.
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Crypto Assets are facilitated by PT Bumi Santosa Cemerlang which is licensed and supervised by OJK. Transactions are recorded on CFX and guaranteed by KKI. View Terms and Conditions