Last updated 05/02/2022
Official Website: https://tomochain.com/
TomoChain (TOMO) is a unique project serving with intent to improve the scalability of the Ethereum (ETH) blockchain. Primarily, TomoChain focuses on achieving this by increasing its transaction capacity per second, with the average blocktime being 2 seconds, without compromising its decentralised nature. TomoChain offers a variety of original features to ensure that it’s objectives of speed, privacy, usability, and liquidity are all exceeded in an all-in-one platform. Some of these features include a Security Enhancement through Double Validation and the ability to launch a Decentralised Exchange (DEX) in minutes.
Similar to other projects, TomoChain uses a Proof-of-Stake Voting (PoSV) consensus mechanism in its attempt to ensure instant transaction confirmations, which every Ethereum smart contract that uses their public blockchain will be able to run on. The attributes of their PoSV consensus includes: Double Validation and randomisation to strengthen security and fast confirmation times for finality. Alongside this, Tomochain also offers the TomoZ or Zero Friction protocol that allows token holders to pay transaction fees in a wide variety of tokens of their choice.
The Mainnet Launch in 2018 coincided with the switch to masternodes, which provided TOMO with the capability to be minted. In order to become a Masternode Candidate, token holders must deposit a minimum of 50,000 TOMO. Once participants achieve the status of a Masternode, other token holders will vote to establish the top 150 candidates. If selected to be amongst this group, Masternodes will recieve rewards corresponding to the number of blocks they authorise. The team at Tomochain believe their project and ecosystem offers a unique opportunity for entrepreneurs, enterprises, and institutions to build high-performing, blockchain-feature rich projects that ensure EVM-compatibility.
As the roadmap at Tomochain is currently being updated, please find news around the project's future and its developments via their Github page.
TomoChain is supported by a variety of different wallet providers, one of which includes Ledger. The Ledger Wallet is an example of a Cold Storage wallet, meaning that assets are secured safely offline, and is therefore considered one of the safest wallets available for holding Crypto Assets. Ledger themselves are a highly trusted company with a reputation for supplying millions of users globally with secure, high-quality devices. If you are interested in a Ledger Wallet and would like to know how to set them up, please navigate to our Ledger Wallet Guide which displays further information on this.
Another wallet that provides services for TomoChain is the Trust Wallet. Trust Wallet is a wallet provider available on mobile device and serves over one million active users globally. As well as TomoChain, the Trust Wallet platform can hold a variety of different crypto-assets supporting all the main blockchains within the Ethereum ecosystem, and works with any ERC20, ERC721, and ERC223 token.
You can Buy & Sell TomoChain (TOMO) by heading over to the Buy Coins page of our website. TomoChain (TOMO) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying TomoChain has never been easier, simply place your order and provide your wallet address. Once your payment arrives, TomoChain will be sent directly to your wallet.
If you choose to Sell TomoChain (TOMO) you can send us the coins and receive a payment to your bank account. Details of the TomoChain price and a valuation can be found on the Sell Coins page.
Block Explorer: https://tomoscan.io/
TOMO Documentation: https://docs.tomochain.com/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.