Look Ma! No Gas (fees)..on playing this Layer 2 based Blockchain Solution

Decentralized applications (dapps) have the opportunity to show us the true potential of blockchain technology. While dapps can serve as an on-ramp to bring in new users to the cryptocurrency world, they also are facing their own problems on the path to mainstream adoption. Loom Network is a Layer 2 Solution that solves problems faced by both users and developers. According to a recently published report, Loom is capable of processing a transaction in 1–3 seconds, there are no gas fees for processing transactions, and users can be on-boarded without having a pre-existing cryptocurrency wallet.