Startup company "Loom Network" is ready to scale ethereum.
I think at this point we are all well aware that Ethereum has suffered from a scalability issue, causing it to stall in development and open the door to vicious competition (e.g. NEO, Cardano, EOS). Without the ability to handle millions of users on its network, Ethereum will never be able to reach its full potential. However, it seems that a solution is brewing in the cauldron.
A little-known company called Loom Network has emerged as a platform for Ethereum, that supposedly will allow developers to deploy Dapps on the Ethereum network and help avoid congestion, such as with the CryptoKitties incident last year. Loom Network works by using something called "Dappchains", which are like mini blockchains. By doing this, it creates a "sidechain" for the Dapp. This concept isn't necessarily new and has been a common theme amongst other prominent blockchain projects.
However, there is always a caveat. Loom Network is a centralized company and security could be a concern, since sidechains operate partially off of the Ethereum network. This could lead to something called a "Velvet Fork", which you probably have not heard of yet (so we'll save that for another article).
Regardless, we are all curious as to whether or not Loom Network can help Ethereum solve its scalability issue, while also maintaining its dominance as the second-most valuable blockchain in the world. If Ethereum can't figure it out soon, it will risk losing its market share to formidable (and possibly superior) blockchain projects.