All claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are done with the author's best effort. It is up to the reader to check and validate their accuracy and truthfulness. Furthermore nothing in this project constitutes a solicitation for investment.
Loom is a new architecture for blockchain based on the idea of encoding passage of time as data. It can achieve up to 710,000 transactions per second on a 1 gigabit network without data partitioning. Loom can eventually recover from a fault of any size, and it provides a way to cheaply verify a distributed ledger.
Scaling blockchain has been a difficult challenge. Not only is scaling throughput a hard problem, but any high performance blockchain has to deal with an ever increasing mountain of data. Scaling bitcoin to just 25,000 transactions per second would create a petabyte of data each year.
We solve both of the problems by solving for time. The key innovation proposed by Loom is Proof of History — encoding passage of time as data into the ledger. Loom uses strong assumption of time to construct simpler and more efficient consensus and storage protocols.
https://github.com/loomprotocol/loom/milestones
The build produces a handle of command-line executables in the "target/release/" directory, loom and loomd.
Loom daemon
Usage: loomd [options]
Options:
-h, --help print this help menu
-s ADDRESS Run as a Spool node with the Loom address
-l PORT Run as a Loom with a listen port
user client that implements a basic wallet
Usage: loom FILE [options]
Options:
-c create a new address
-x transfer
-b check the balance of destination address
-l, --list list your addresses and balances
-h, --help print this help menu
-t ADDRESS destination address
-f ADDRESS source address
-a AMOUNT amount
For development:
$ cargo +beta buildOptimized for performance:
$ cargo +beta build --release