TomoChain cryptocurrency review and description
TomoChain is an innovative scalability solution with the Ethereum blockchain and other blockchains. TomoChain has a 150-Masternodes architecture with a Proof of Stake Voting (POSV) agreement for a near-zero board and instant transaction confirmation. Security, stability, and final completion are guaranteed with new methods such as double validation, markup through smart contracts, and uniform randomization processes.
To solve the scalability problem, Tomochain is a network of chains supporting decentralized applications and token issuances, built on instant confirmation, an almost zero transactional collection of a smart contract. The central element of the roadmap for adoption is “horizontal scaling”; Tomochain will become the second-tier blockchain with enhanced performance features integrated into Ethereum via atomic cross-links. It is planned that the ecosystem creation program will contribute to the development of dapps for the long-term growth of the project.
Tomoapp will be the first consumer application to use the Tomochain infrastructure. Tomoapp will be a tokenized version of the QQ social network, which is already available for download and has an estimated 10k + user base. When Tomocoin integrates into the application, each user will receive Tomowallet and receive rewards from other users for his or her contribution to the network.
The main feature of the project is TomoChain (TOMO). TOMO will initially be released as an ERC-20 token, but will unlock a separate protocol after the release of the core network, preserving the Ethereum-based architecture, which instead integrates the Masternode design for scalability. The ERC-20 token will allow users to sell and buy tokens through third-party exchanges. Tomochain itself will act as a sidechain, through transmission through an atomic cross-chain, placing all financial transactions that occur in Tomochain applications, and facilitating the interaction between them.
TomoChain supports all EVM-compatible smart contracts, protocols, and cross-chain token transfers. Scaling technologies such as edging, EVM parallelization, private circuit generation, hardware integration will be continuously explored and integrated into TomoChain, which will become the ideal scalable smart-contract public blockchain for decentralized applications, issuing tokens and token integration for small and large businesses.
TomoChain offers one scalability solution that is new in its approach.