Loom Network enables huge games like World of Warcraft to run on blockchain

Loom Network is announcing that it has a next-generation blockchain platform that will enable developers to run huge games — as big as World of Warcraft — to run directly on blockchain, or the public ledger technology behind the explosion in cryptocurrencies.

Cryptocurrencies such as Bitcoin and Ethereum have become valuable, but they are slow at updating transactions. CryptoKitties, a popular game where you buy and sell and breed kittens, brought Ethereum to a crawl because of the number of transactions demanded every second. Blockchains are decentralized and spread out across many computers across the internet, enabling them to keep accurate and transparent records. But that decentralization means they are slow to update.