TOMO is schilling massively nowadays, What is TOMO ?

By Snow Under Sun | SnowUnderSun | 20 Aug 2020


Tomochain is a blockchain platform where you can create smart contracts like Ethereum, EOS and Tron. 

Emerging with the aim of finding a solution to the scalability problem faced by Ethereum, Tomo solves this problem with the 150-Masternode architecture with Proof of Stake Voting (POSV) algorithm, making the transactions approved within a very low commission within 2 seconds.

TomoChain also supports all Ethereum Virtual Machine (EVM) compatible smart contracts, protocols, and atomic cross-chain token transfers. 

The platform also plans to add techniques such as sharding, EVM parallelization, custom chain creation, hardware integrations to the Masternode architecture within its structure.

TomoChain, who can already process 2000 transactions per second, hopes to see the numbers 20,000-30,000 after sharding is activated.

1593006819-77676.png

 

What is Proof of Stake Voting (PoSV)?

TomoChain's PoSV algorithm has an architecture where investors with 50,000 TOMOs can be a master node (their tokens are locked for 30 days if they are master nodes) and they work by getting votes from other token owners. 

The top-rated master node candidates are selected as master nodes to create a block in a certain 'period'. Masternodes perform block generation sequentially every two seconds, implement a double validation technique for security reinforcement, and three signatures of 4 master nodes are required to terminate a block. In addition, at the end of each block creation period, master nodes signing these blocks are given a certain reward, while token owners who vote for these master nodes also get their share from the award.

TomoChain has been in its home network since December 14, 2018, so TOMO is not an ERC-20 token.

TOMO is the name of the platform's cryptocurrency, while the name of the TomoChain ecosystem.

The number of employees working in the TomoChain team is close to 40.

The team shares their codes that have reached a certain stage in public on Github.

TomoChain has a very active community with many followers on Twitter.

The supply of TOMO started at the genesis block (the first block) initially from 55,000,000 and TOMO will not be produced again after 100,000,000 to be reached after 8 years.

While 55 million TOMO tokens were distributed after the sale, 12 million TOMO is allocated to the team (these coins will not be touched for 4 years). 16 million TOMO will be distributed for strategic partnerships and funds, and 17 million TOMO will be distributed as block rewards, as we have just mentioned.

Remember that TOMO's ICO price was 0.25 USD.

How do you rate this article?


5

0

Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.