What is TomoChain (TOMO)?
TomoChain is a cryptocurrency that solves the problem of scalability within the Ethereum blockchain. The creators are at the forefront of driving the internet of value, as well as its infrastructure. TomoChain creates an alternative, secure, transparent, and efficient financial system for everyone.
TomoChain relies on a system consisting of 150 Masternodes that use a Proof of Stake Voting consensus capable of supporting very low fees, and 2-second transaction confirmation times. To guarantee stability, security, and chain finality, TomoChain uses novel techniques which include double validation, smart-contract staking, and “true” randomization processes. TomoChain will also incorporate new scaling techniques like sharding and stake voting.
There are a total of 64.9 million TomoChain (TOMO) coins currently circulating and a maximum supply of 100 million coins, with Hotbit being one of the most active exchanges trading TomoChain.
How Does TomoChain Work?
Although TomoChain is a fork of Ethereum blockchain, it is different in that it deploys a more unique and efficient infrastructure. TomoChain’s Proof-of-Stake Voting (PoSV) consensus has a built-in voting mechanism and security guaranteed with double validation.
Because of this, TomoChain’s voting system is able to not just reduce PoW-related electricity consumption, but also boost its transaction capacity to be able to handle up to 2000 transactions per second. Also, the design of the double validation system allows the strengthening of security and fork reduction.
With all of this, the upgraded POS protocol will tackle issues common to traditional blockchains such as scalability/efficiency, confirmation times, fork generation, etc.
The Masternode Design
As a POS protocol-based cryptocurrency, TomoChain doesn’t have miners like in the PoW systems of Bitcoin and Ethereum. It is the Masternodes that produce and maintain the TomoChain blockchain. To do this, Masternode candidates must first deposit at least 50,000 TOMO to vote. 150 smart masternodes are then elected by the rest of the TOMO coin holders through the Voting DApp. To reduce the threats of cooperative attacks among Masternodes, the randomization and double validation mechanism is implemented. Furthermore, to validate a block, single validation models need just one user while double validations need two masterstrokes to do this. In addition, a random user is chosen to validate the most recent block.
Where To Buy And Store TOMO
TOMO is listed on several exchanges, but it’s greatest trading volume is on Hotbit. It can also be bought and traded on Binance, KuCoin, DEX, OceanEx, and BitForex.
To store your TOMO, there are a couple of choices, including a mobile wallet from TomoChain. There is also a mobile TrustWallet that supports TOMO and Ledger hardware wallets that also support TOMO. TOMO can be stored in MyEtherWallet as well.
TomoChain (TOMO) will be Listing on Atomars
TomoChain (TOMO) has announced that it will be listing on Atomars on October 22 with the trading pairs: TOMO/BTC, TOMO/ETH, and TOMO/USDT.
Atomars is the newest trading platform to enter the cryptocurrency exchange marketplace and it is currently revolutionizing cross-border transactions between fiat and cryptocurrencies. The Atomars platform is a secure and user-friendly platform that aims to simplify trading for everyone. You can find any of the major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, DASH, etc. on the exchange. Their web and mobile apps make it easy and fun trading as you go about your daily activities