Loop Network : Super Scaling Blockchain Loop Network development@loopnetwork.xyz www.loopnetwork.xyz Abstract A cryptocurrency system that supports smart contracts without the scalability and privacy limitations of earlier systems like Ethereum. L oop network, like Ethereum, allows parties to create smart contracts using code to specify the behavior of the virtual machine (VM) that executes the contract's function. Loop Network strives to solve scalability and usability issues, without compromising decentralization, and leverages the existing developer community and ecosystem. It is an off - chain/external sc aling solution for existing platforms to provide scalability and superior user experience for DApps/user features. 1. Introduction This paper presents an overview of the architecture of the Loop Network platform. The focus is on three key differentiating e lements of the platform: Virtual Machine and the architectural model 2. EVM Compability With EVM Compability you can launch Ethereum dApps that confirm transactions instantly and process thousands of transactions per second far beyond any decentralized blo ckchain platform today. 3. Consensus Model Background Distributed payments and – more generally – computation, require agreement between a set of machines. Therefore, consensus protocols, which enable a group of nodes to achieve agreement, lie at the 65 hea rt of blockchains, as well as almost every deployed largescale industrial distributed system. The topic has received extensive scrutiny for almost five decades, and that effort, to date, has yielded just two families of protocols: classical consensus proto cols, which rely on all to all communication, and Nakamoto consensus, which relies on proof of work mining coupled with the longest chainrule. While classical consensus protocols can have low latency and high throughput, they do not scale to large number s of participants, nor are they 70 robust in the presence of membership changes, which has relegated them mostly to permissioned, mostly static deployments. Nakamoto consensus protocols [5, 7], on the other hand, are robust, but suffer from high confirmat ion latencies, low throughput, and require constant energy expenditure for their security. 4. Virtual Machine In Loop Network, parties can deploy the smart contract as a Virtual Machine (VM) that encodes the rules of the contract. The creator of a virtual machine specifies a set of managers for the virtual machine. Loop Network protocol provides anytrust guarantee: any honest manager can force a virtual machine to operate under the virtual machine's code. Parties interested in the results of the VM can a ct as the VM themselves or appoint someone they trust to manage the VM on their behalf. 5. The Super Scaling Scalability and Decentralization A key feature of the Loop Netowrk is the ability to scale without compromise. Loop Network can scale tons of thousands or millions of nodes without no need to authorize subsets of validators. These protocols benefit from th e best decentralization of the system, allowing 105 per node for complete validation. Continuing direct participation has profound implications for the security of the system. Of nearly all proof - of - stake protocols that attempt to scale to a large group o f participants, methods Typical operation is to enable scaling by delegating authentication to a subnodes. Of course, this implies that the security of the current system is exactly as high as the cost of breaking subnodes.