TomoChain is an innovative scalability solution for Ethereum blockchain and other blockchains. TomoChain has a 150-Masternodes architecture with a Proof of Stake Voting (POSV) consensus for near-zero fees and 2 second transaction confirmation. Security, stability, and ultimate completion are guaranteed with new methods such as double validation, markup through smart contracts and uniform randomization processes.
Is TomoChain (TOMO) worth the investment? When is the right time to invest in TOMO? Find out the TomoChain price projection for 2020-2025 in our article.
Table of Contents
TomoChain (TOMO) Overview
TomoChain (TOMO) Fundamental Value
TomoСhain supports decentralized applications and token releases, built on the instant confirmation, almost zero transactional collection. The central element of the roadmap for adoption are innovative Layer-2 solutions such as TomoX-decentralized exchange protocol, TomoZ- gasless transfer protocol. TomoСhain will support the transfer of tokens on other public chains to TomoChain via its TomoBridge solution. The ecosystem creation program promotes the development of dapps for the long-term growth of the project.
The main feature of the project is public blockchain TomoChain (TOMO). TOMO was originally released as an ERC-20 token. However, it unlocked an independent protocol after the release of the main network on December 14, 2018 which integrates the Masternode design for scalability, and supports Ethereum smart-contract for cross-chain compatibility.
The system consists of 150 masternodes with Proof of Stake Voting (PoSV) consensus. This way, there are almost zero network fees. Transactions confirmation takes about 2 seconds. TomoChain supports all EMV-compatible smart-contracts, protocols and atomic cross-chain token transfer. The network can process about 2,000-5,000 transactions per second.
What can TomoChain solve?
- Low transaction time
- High transaction fees
TomoChain has the Masternode architecture. This means that token holders can deposit 50k TOMO tokens to become a Masternode candidate. The highest voted candidates are selected as masternodes for block creation within an epoch. Epoch is a 900-block period of 2-second block. Stakers who voted for masternodes are also rewarded. The decentralized network also features multiple innovative second-layer protocols that add values to the ecosystem such as TomoZ, TomoX, and most recent release TomoP’s private transfer protocol.
Main features of TomoChain:
- PoSV consensus
- Double Validation
- Cheap Transactions (1/1000 of Ethereum network fee)
- 2-second Block
- Masternodes and mobile staking
TomoChain (TOMO) Price Analysis
TomoChain (TOMO) Prediction Table
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.