Released in December 2018, TomoChain (TOMO) is a project that aims to enhance the scalability of the Ethereum (ETH) blockchain by increasing its transactions per second (TPS) capacity. The ultimate goal of the project is to establish a blockchain infrastructure for decentralized apps (DApps) and improve integration and security. TomoChain offers smart contract scalability, which involves addressing how the blockchain can handle a higher number of transactions per second, thereby significantly enhancing the utility of smart contracts for real-world use cases and applications.

TomoChain was founded by Long Vuong, who is also the CEO of TomoChain Pte. Ltd. Prior to this, he served as the CEO of CityMe and was a co-founder and project lead of the NEM (XEM) blockchain at Alternative Blockchain. Long Vuong is an expert in the fields of blockchain and economics and has previously advised numerous blockchain projects.

TomoChain offers several unique features, including its proof-of-authority consensus, masternode system, 2-second confirmation, minimal transaction fees, built-in exchange protocol, ICO smart contract templates, API support for token insurances and integrations, and cross-chain transaction function without any fees between Ethereum and TomoChain.

The TomoChain mainnet was launched in 2018 and introduced proof-of-stake voting. The transition to masternodes enabled TOMO to become a mintable currency, with masternodes participating in both block creation and verification. Masternodes receive TOMO as compensation for maintaining the network.

To become a masternode candidate, a user needs to deposit 50,000 TOMO. While masternodes can eventually resign, the deposited TOMO remains locked for 1,296,000 blocks after the resignation. To become one of the top 150 voted candidates, a user must be selected and will receive TOMO rewards proportional to the number of blocks they sign.

TomoChain provides a scalable blockchain that offers faster transactions and lower fees. It has a wide range of use cases, including near-zero-fee and instant confirmation transactions, a proof-of-stake chain, staking as a voter or masternode operator, the TomoZ protocol for token holders to pay fees in a token of their choice, Tomox and Relayers for decentralized exchange capabilities, and TomoP for enabling safe and untraceable transactions.

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TomoChain (TOMO) has a circulating supply of 80,540,663 tokens as of February 2021. There is no available data on the maximum supply.

TomoChain utilizes a proof-of-stake voting consensus, making it a scalable public blockchain that enables instant transaction confirmations for Ethereum smart contracts. The Tomo application, one of the first apps built on TomoChain, is a decentralized social media platform focused on knowledge sharing.

If you wish to buy, sell, or trade TomoChain (TOMO), you can do so on the following exchanges:

• Binance
• BiKi
• ZG.com

Refer to our comprehensive guide to learn more about purchasing Bitcoin and other cryptocurrencies.

Released in December 2018, TomoChain (TOMO) is a project that aims to enhance the scalability of the Ethereum (ETH) blockchain by increasing its transactions per second (TPS) capacity.

The project's ultimate goal is to establish a blockchain infrastructure for decentralized apps (DApps) and improve integration and security. TomoChain's solution involves offering smart contract scalability, which involves addressing how the blockchain can handle a higher number of transactions per second, thereby significantly enhancing the utility of smart contracts for real-world use cases and applications.

TomoChain was founded by Long Vuong, who is also the CEO of TomoChain Pte. Ltd.

Prior to that, he served as the CEO of CityMe and was a co-founder and project lead of the NEM (XEM) blockchain at Alternative Blockchain. He possesses expertise in the fields of blockchain and economics and has previously advised several blockchain projects.

TomoChain boasts several unique features, including its proof-of-authority consensus, masternode system, 2-second confirmation, almost non-existent transaction fees, built-in exchange protocol, ICO smart contract templates, API support for token insurances and integrations, and cross-chain transaction function without any fees between Ethereum and TomoChain.

The TomoChain mainnet was launched in 2018 and incorporated proof-of-stake voting. The transition to masternodes made TOMO a mintable currency, with these masternodes participating in both block creation and verification. They receive compensation in the form of minted TOMO for maintaining the network.

To become a masternode candidate, a user needs to deposit 50,000 TOMO. Masternodes can eventually resign, but the deposited TOMO remains locked for 1,296,000 blocks after the resignation is issued. Once a user becomes a masternode candidate, they must rank among the top 150 voted candidates to be chosen and receive TOMO rewards proportionate to the number of blocks they successfully sign.

TomoChain offers a scalable blockchain that is faster and has lower fees, making it suitable for a wide range of use cases.

It provides a general blockchain platform that enables near-zero-fee and instant confirmation transactions, a proof-of-stake chain, staking as a voter, and running a masternode.

TomoChain also features the TomoZ or Zero Friction protocol, which allows token holders to pay transaction fees in a token of their choice. Other services offered by TomoChain include Tomox and Relayers, a decentralized exchange protocol that enables businesses to create decentralized exchanges and landing platforms. TomoP is a privacy protocol developed on TomoChain to facilitate secure and untraceable transactions.

TomoChain (TOMO) has a circulating supply of 80,540,663 tokens, and as of February 2021, there is no available data on the maximum supply.

TomoChain utilizes a proof-of-stake voting consensus, making it a scalable public blockchain where every Ethereum smart contract can be executed with instant transaction confirmations. One of the first apps built on TomoChain is the Tomo application, a decentralized social media platform focused on knowledge sharing.

If you wish to buy, sell, or trade TomoChain (TOMO), you can do so on the following exchanges:

• Binance
• BiKi
• ZG.com

For more information on how to purchase Bitcoin and other cryptocurrencies, please refer to our detailed guide.