Folks, it’s no secret — some pretty ugly dynamics have emerged throughout the crypto space. And I don’t mean family asking “Isn’t the Bitcoin for criminals?” over the holidays…

Too many projects raised too much money under suspect pretenses, then mostly squandered funds in efforts to pump or prop up their tokens.

There is an unrelenting circuit of global crypto conferences, sensational marketing campaigns, big partnership announcements that never came to be, and shifty market making to lift volumes to the high heavens and beyond.

All the while, many of them never got around to actually building or shipping anything 🙃

Somewhere along the way, the lines got blurred between delivering marketing hype and actually delivering real products. Let’s all take a moment and snap back to reality. Loom Network already has a REAL scalable and interoperable blockchain that’s live, audited, battle-tested, and as smooth as a fresh jar of Skippy®

Loom has continued to believe in the tech and the new possibilities it opens up… and we continue to do our part to push things forward.

Now more than ever, we believe the builders will win.

As 2020 gets under way, we thought it a good opportunity to take stock of things…

ICYMI, Basechain Did 16M+ Transactions and Has 68K Wallets!

From day 1, our goal has always been to help developers build and scale their blockchain applications. We maintain that, in earnest, and are still insanely focused on making it happen.

You probably won’t find us at the next flashy Blockchain Week, because we’ll likely be hustling to ship our next wave of production releases.

For us, it all started with CryptoZombies, which is still going strong and just about to pass 500,000 users! Then we built more dev tools like EthFiddle.com, which just passed 223,000 users!

Building, experimenting, iterating, and building some more — we continued to launch the Loom SDK, DelegateCall, Relentless and the Loom NTF Marketplace, the world’s first Plasma Cash implementation, the ERC721x token standard, Universal Transaction Signing, and the Staking Dashboard with a Loom Wallet built in.

That’s some serious coding right there…

In 2019, the core focus became Basechain, our scalable multichain hub.

Basechain is an EVM-compatible chain that gives developers fast and gasless transactions, and automatically integrates with other major networks — Ethereum, Binance, and Tron (plus Bitcoin and more on the way).

The past year has been pretty hardcore — with our dedicated team cranking out killer code at breakneck speeds. So where does Loom Network stand now? Here’s a quick snapshot of 2019:

• 377,246,577 total LOOM tokens staked

• 16,241,076 total transactions

• 150,241 transactions as daily record (27% of Ethereum’s on same day)

• 17,499,792 blocks

• 68,245 accounts created

• 1.6 seconds as average block time

• 22 external Basechain validators

• 6 network production upgrades for Basechain

• 493,792 CryptoZombies users

• 63,271 CryptoZombies learning hours

*All numbers as of December 28, 2019

And not only that, but we’re also in the top 10 most active projects in 2019.

What it feels like to consistently ship code at Loom 🤘

Who Are the Basechain Validators?

Other projects out there are either just now launching testnets or launching beta mainnets while still running their own nodes.

Meanwhile, Loom Network’s Basechain has been running live in production with a world-class set of external validators since Q4 2018.

Booyakasha!

Here are the 22 validators on Basechain to date: