What Is TomoChain: Fast and Low-Fee Ethereum Alternative

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Circulating Supply

He is also an experienced FullStack Developer & Smart Contract Developer. After those first two years, the block reward will be split between the masternode owner (40%), all those who voted for the masternode (50%) and the how to buy tomo Foundation (10%).

[In a nutshell] Differences between TomoX, TomoDEX and TomoSwap

At their most basic level, they are nothing more than servers contributing computing power to the network to sign blocks. Unfortunately, even major blockchain projects like Ethereum can only process 15 transactions per second. Compare that with Visa or Mastercard, where up to 6,000 transactions per second is doable. The price of Viction (VIC) is calculated in real-time by aggregating the latest data across 12 exchanges and 14 markets, using a global volume-weighted average formula. TomoChain is built on a performance layer that achieves high transaction speeds without compromising decentralization. TomoDEX supported functionalities, performance, security, decentralization, etc come from TomoX protocol.

About TomoChain?

• I’ve mentioned the masternodes before, and they are a crucial part of the TomoChain ecosystem.
• However, the overall outlook for TomoChain is somewhat uncertain due to one important market development – Ethereum’s planned upgrade to a much faster PoS network.
• There have been a number of projects which have recently launched that are trying to tackle this – each with their own unique solution.
• Your other option is to use the peer-to-peer exchange and receive money directly to your bank account for an amount of TOMO tokens.
• Over the first eight years, there is a fixed supply of 100 million TOMO and after the first eight years, another 17 million TOMO will be available for block rewards.
• DApps can be found in the protocols, they are easy to use and permit clients to keep their privacy while safely utilizing said decentralized applications.

Nearly 4 years ago, TomoChain launched its mainnet, and became one of the first EVM-compatible blockchains to successfully break the scalability barrier with 2000 TPS throughput, 2s blocktime, and near zero fees. The groundbreaking Proof of Stake-Voting (PoSV) took the security and decentralization to the next level with a distributed network of 150 masternodes taking part in governance. TomoChain is based on the Ethereum codebase and supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers.

TomoChain Roadmap

• TomoChain is a blockchain utilizing the Proof of Stake Voting (PoSV) block verification method to achieve cost and speed efficiencies.
• TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain, and other blockchain platforms.
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• They can manually adjust the gas price and limit based on their own budget and requirement of speed.
• Moreover, users are able to clearly view the stage of completion of the updates in progress.

While on the subject of the masternodes it will be good to also discuss the Proof-of-Stake Voting (POSV) consensus model. This is a feature that is unique to TomoChain and sets the project apart. It not only allows the blockchain to function as EVM-compatible, but it also allows for the nearly instant transaction times, and for the entire masternode architecture.