What is TomoChain?
TomoChain, or TOMO, is a blockchain project that aims to increase the scalability of the technology. According to the TomoChain website, it is a public blockchain that supports high transaction speeds without compromising decentralization. The network utilizes a unique consensus method called Proof of Stake Voting (PoSV), which is based on PoS (Proof-of-Stake) with a fair voting mechanism, rigorous security guarantees, and uniform probability. This consensus method incentivizes all TomoChain token holders to actively participate in staking across the network.
The goal of TomoChain is to make blockchain technology more accessible to the masses by reducing the friction associated with using it, while still preserving its fundamental benefits. The platform is focused on bringing more Decentralized Finance (DeFi) products to the market that are functional and easy to use for all types of users. Additionally, the TomoChain team plans to expand their Dapps (Decentralized Application) and game ecosystem to accommodate more developers and showcase their talents.
One of the key features of TomoChain is its fast transaction validation time and low fees. With the PoSV consensus, the network is able to process up to 2,000 transactions per second (TPS) and validate transactions in just two seconds. The PoSV consensus also includes novel features such as quick validation time and efficient checkpoints for final verification, randomization for security, and double validation to boost safety and decrease the risk of a blockchain fork.
TomoChain also aims to be a platform for enterprise and institutions to build high-performance, feature-rich blockchain projects on an improved EVM-compatible platform. The platform is open-source and encourages developers to create and innovate on the network. Overall, TomoChain is a promising blockchain project that aims to enhance the scalability of blockchain while making it more accessible to the masses through its DeFi and Dapp ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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