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What is Socket Protocol?

The Socket Protocol is recognized as the first Chain Abstraction Protocol, crafted with a flexible, extensible, and modular architecture that supports the creation of applications abstracted from specific chains. It leverages Modular Order Flow Auctions (MOFA) to allow developers to effortlessly connect with diverse applications, users, and assets spanning numerous blockchains. This groundbreaking methodology not only improves interoperability but also cultivates a dynamic ecosystem for developing decentralized solutions, ultimately paving the way for innovative projects that can thrive in a multi-chain landscape.

What is Loom Network?

Loom Network provides developers with the necessary scalability and ease of use to build high-performance decentralized applications (DApps) that meet the needs of today's users. By facilitating smooth integrations with prominent blockchains such as Bitcoin, Ethereum, and Binance Chain, deploying a DApp on Loom guarantees its ongoing relevance and accessibility to a broad audience. Since its inception in early 2018, Loom Network has functioned as a fully operational multichain interoperability platform. It is specifically tailored to enhance the scalability of high-performance DApps, ensuring a user experience comparable to traditional applications, which simplifies the onboarding process for new users by eliminating the need for them to install cryptocurrency wallet software. This feature empowers developers to leverage assets from top blockchains and enables the creation of a DApp that can be launched across all platforms simultaneously. Furthermore, on Loom Network, developers have the option to use the platform's token to cover their DApp hosting expenses, and instead of the complex fee structures found in Ethereum, they benefit from a straightforward monthly fee for hosting their applications on Loom. This approach not only streamlines financial planning for developers but also allows them to focus more on innovation rather than administrative concerns. Consequently, Loom Network continues to play a vital role in the evolution of decentralized applications.

Media

Media

Integrations Supported

Ethereum
Aave
Arbitrum
BNB Smart Chain (BSC)
Bitcoin
MUX
MetaMask
Optimism
Polygon (Matic)
TRON
Telegram

Integrations Supported

Ethereum
Aave
Arbitrum
BNB Smart Chain (BSC)
Bitcoin
MUX
MetaMask
Optimism
Polygon (Matic)
TRON
Telegram

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Socket Protocol

Company Website

www.socket.tech/

Company Facts

Organization Name

Loom

Date Founded

2017

Company Location

Thailand

Company Website

loomx.io

Categories and Features

Categories and Features

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