Ошибка отображения при запуске npm React JS

var config = {
   entry: './main.js',
   output: {
      path:'/',
      filename: 'index.js',
   },
   devServer: {
      inline: true,
      port: 8080
   },
   module: {
      loaders: [
         {
            test: /\.jsx?$/,
            exclude: /node_modules/,
            loader: 'babel-loader',
            query: {
               presets: ['es2015', 'react']
            }
         }
      ]
   }
}
module.exports = config;

<script src = "https://cdnjs.cloudflare.com/ajax/libs/react/15.1.0/react.min.js"></script>
<script src = "https://cdnjs.cloudflare.com/ajax/libs/react/15.1.0/react-dom.min.js"></script>
> [email protected] start C:\Users\Muhammed Suhail\Desktop\reactApp
> webpack-dev-server --hot

× ｢wds｣: Invalid configuration object. Webpack has been initialised using a configuration object that does not match the API schema.
 - configuration.module has an unknown property 'loaders'. These properties are valid:
   object { exprContextCritical?, exprContextRecursive?, exprContextRegExp?, exprContextRequest?, noParse?, rules?, defaultRules?, unknownContextCritical?, unknownContextRecursive?, unknownContextRegExp?, unknownContextRequest?, unsafeCache?, wrappedContextCritical?, wrappedContextRecursive?, wrappedContextRegExp?, strictExportPresence?, strictThisContextOnImports? }
   -> Options affecting the normal modules (`NormalModuleFactory`).
npm ERR! code ELIFECYCLE
npm ERR! errno 1
npm ERR! [email protected] start: `webpack-dev-server --hot`
npm ERR! Exit status 1
npm ERR!
npm ERR! Failed at the [email protected] start script.
npm ERR! This is probably not a problem with npm. There is likely additional logging output above.

npm ERR! A complete log of this run can be found in:
npm ERR!     C:\Users\Muhammed Suhail\AppData\Roaming\npm-cache\_logs\2018-04-30T12_46_31_216Z-debug.log