Dear ATOMARS Community,
We are pleased to announce the listing of the TomoChain (TOMO) on ATOMARS exchange. TomoChain (TOMO) deposits are effective starting from October 22th, 2019 and the following trading pairs will be available: TOMO/BTC, TOMO/ETH and TOMO/USDT.
TOMOCHAIN PROJECT SUMMARY
TomoChain was created to solve the problem of scalability commonly experienced on the Ethereum blockchain and on other blockchain platforms. TomoChain’s scalability is one of a kind, which is why it makes for a good alternative payment solution for mini transactions. This innovative feature is a great step towards taking cryptocurrency mainstream and accelerating adoption.
TomoChain uses a network of 150 Masternodes and a Proof of Stake Voting consensus that supports near-zero fees as well as transaction times of 2 seconds. Through double validation, smart contracts staking and a randomization process, security, stability and chain finality can be guaranteed.
TomoChain will support horizontal scaling by incorporating Ethereum’s high performing second layer blockchains for atomic-cross chain transfer as well as for backups. TomoChain’s built-in decentralized exchange protocol is accessible with the Tomocoin, which can also be used for cross-chain token transfers through the generation of smart contracts. Loyal coin holders are rewarded by TomoChain through the ICO platform. The platform’s built-in dApp allows for the generation of tokens.
TOMOCHAIN (TOMO) FEATURES
Proof of Stake Voting Consensus (POSV): TomoChain relies on 150 Masternodes under a Proof of Stake Voting consensus that supports near-zero fees as well as faster transfers. In order to validate transactions with PoSV all masternodes must deposit a minimum of 50,000 TOMO (TomoChain’s native coin) into the system wallet. Then, delegators holding TOMO in TOMO wallet can vote for their favorite Masternode candidates by staking a particular amount of coins.
Near-zero fee transactions: TomoChain is a chain network that supports instant confirmations, smart contracts and lower transaction fees. This is why the project is a great addition to the dApp landscape. TomoChain also supports token integration, which is beneficial to small businesses. Generally, it provides an infrastructure and governance framework for interactions between blockchain applications.
2-Second Transaction Confirmation Time and higher TPS: TomoChain supports low transaction fees with 2-second transaction confirmation time. The PoSV masternodes of the mainnet deliver 2000 transactions per second (TPS). With the implementation of sharding in Q2 of 2019, it is expected to reach 20000-30000 TPS. TomoChain continues to research other scaling techniques that will help it to improve functonality.
Double validation Staking via smart-contracts and staking rewards for Voters and Masternodes: On TomoMaster, Everyone can find a list of all Masternode candidates. Token holders use TomoMaster to vote TOMO for candidates. The way to vote is simple. Token holders qualify to vote after depositing TOMO in a smart-contract associated with the voted candidate. The top 150 most-voted candidates are promoted to Masternode in the next epoch and are then able to sign blocks and collect rewards. All the voters (stakers) who supported the elected Masternodes also receive rewards that are proportional to how many TOMO was staked and how efficient the Masternode is.