Loop Network was launched as a PoSA blockchain in springs of 2021.
However, in the highly competitive market of L1 blockchains, we needed to stand out and that that why we’ve been upgrading in silence.
We are completing our upgrade to a PoS (Proof of Stake) blockchain. This is the same type of blockchain as Ethereum and it will give our blockchain more flexibility with infinite TPS and the security and compatibility of Ethereum 2.0 protocols.