IOTA (MIOTA) vs Loom Network (LOOM) Comparison

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Company

User rating

4.3 / 5 3 user review 4.3 / 5 3 user review

Cryptogeek rating

3.8 / 5 3.8 / 5

Trust Score

How it works
4.24 / 5 4.24 / 5

About

IOTA is a distributed ledger and cryptocurrency created to process operations between devices of the Internet of Things. IOTA was launched in 2015. The project is based on an unique directed acyclic graph (DAG) instead of a blockchain. DAG uses a Tangle technology which provides unlimited scaling opportunities and free and fast transactions. The project is backed by non-profit IOTA Foundation. Besides, IOTA ecosystem has its own data marketplace available both for companies and individuals. IOTA quickly gained strong partnerships in the tech industry (including Volkswagen and Bosch) and high market capitalization (by the end of 2017 IOTA reached top 5 list by its, market cap although now its position is lower).
Loom Network (LOOM) token is currently based on cryptocurrency Ethereum protocol. It is represented on a fair number of exchanges. Loom Network plans to be the connecting hub for various blockchains. It provides dapp developers with the tools to integrate assets from major chains, such as BTC, ETH, Binance and TRON (with EOS and Cosmos coming soon). You can also earn LOOM tokens for participating in the network as the reward or bounty.

Type

coin token

Founding Date

2015 2017

Country

Germany International

Languages

No data No data

Team

Public Public

Protocol

Public blockchain Public blockchain

Current price (USD)

0.3485 0.1184

All-time high (USD)

5.6900 0.7745

Price change (24h)

-6.02 -6.41

Volume (24h)

19570555.53977 7870367.76480

Hashrate

No data No data

Max Supply

2779530283.00000 1000000000.00000

Total supply

No data No data

Circulating Supply

2779530283.27776 1300000000.00000

Transaction speed / Block time

1500 No data

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data No data

Proof type

Tangle No data

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

2779530283.00000 1000000000.00000

Is trading

yes yes

Block reward

0.000000000000 0.000000000000

Block time

No data No data
Company
User rating User rating 4.3 / 5 3 user review User rating 4.3 / 5 3 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 4.24 / 5 Trust Score 4.24 / 5
About
IOTA is a distributed ledger and cryptocurrency created to process operations between devices of the Internet of Things. IOTA was launched in 2015. The project is based on an unique directed acyclic graph (DAG) instead of a blockchain. DAG uses a Tangle technology which provides unlimited scaling opportunities and free and fast transactions. The project is backed by non-profit IOTA Foundation. Besides, IOTA ecosystem has its own data marketplace available both for companies and individuals. IOTA quickly gained strong partnerships in the tech industry (including Volkswagen and Bosch) and high market capitalization (by the end of 2017 IOTA reached top 5 list by its, market cap although now its position is lower).
Loom Network (LOOM) token is currently based on cryptocurrency Ethereum protocol. It is represented on a fair number of exchanges. Loom Network plans to be the connecting hub for various blockchains. It provides dapp developers with the tools to integrate assets from major chains, such as BTC, ETH, Binance and TRON (with EOS and Cosmos coming soon). You can also earn LOOM tokens for participating in the network as the reward or bounty.
Type Type coin Type token
Founding Date Founding Date 2015 Founding Date 2017
Country Country Germany Country International
Languages Languages No data Languages No data
Team Team Public Team Public
Protocol Protocol Public blockchain Protocol Public blockchain
Current price (USD) Current price (USD) 0.3485 Current price (USD) 0.1184
All-time high (USD) All-time high (USD) 5.6900 All-time high (USD) 0.7745
Price change (24h) Price change (24h) -6.02 Price change (24h) -6.41
Volume (24h) Volume (24h) 19570555.53977 Volume (24h) 7870367.76480
Hashrate Hashrate No data Hashrate No data
Max Supply Max Supply 2779530283.00000 Max Supply 1000000000.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 2779530283.27776 Circulating Supply 1300000000.00000
Transaction speed / Block time Transaction speed / Block time 1500 Transaction speed / Block time No data
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability medium Mining profitability medium
Algorithm Algorithm No data Algorithm No data
Proof type Proof type Tangle Proof type No data
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined 2779530283.00000 Total coins mined 1000000000.00000
Is trading Is trading yes Is trading yes
Block reward Block reward 0.000000000000 Block reward 0.000000000000
Block time Block time No data Block time No data

Social

Website

www.iota.org loomx.io

Twitter

IOTA @loomnetwork
Website Website www.iota.org Website loomx.io
Twitter Twitter IOTA Twitter @loomnetwork

Advantages

Extremely small transactions Scalability Lightweight Build apps A platform for social and games

Disadvantages

Smart Contracts Vulnerability Possible scaling issues No backing

Rating

User rating User rating 4.3 / 5 3 user review User rating 4.3 / 5 3 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 3.8 / 5
Advantages Advantages Extremely small transactions Scalability Lightweight Advantages Build apps A platform for social and games
Disadvantages Disadvantages Smart Contracts Vulnerability Disadvantages Possible scaling issues No backing

IOTA (MIOTA) user rating is 4.3, based on 3 user reviews. Loom Network (LOOM) user rating is 4.3, based on 3 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.24 / 5 Write review
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