Tomochain is a scalable blockchain infrastructure aiming to be compatible with all blockchains through the use of atomic swaps. It will support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum network for backup. Led by Long Vuong, Co-founder and former project lead of top 10 blockchain NEM, Tomochain boasts a brilliant team to tackle one of the major issues preventing blockain adoption, scalability, while establishing an infrastructure that will play a crucial role in the "Internet of Value" revolution.
Tomochain is already tackling the Ethereum scalability issue head on with amazing results to boot. Tomochain testnet currently processes more than 1000 Ethereum transactions per second compared to Ethereum's current 8.5 transactions per second.
You can check out the testnet yourself here: https://stats.tomocoin.io/
The Tomochain team already have a successful app available to the public. The TOMO app is the first knowledge sharing social media platform to be established on the blockchain.
You can check it out here: https://play.google.com/store/apps/details?id=vn.cityme.tomoapp&hl=en
They also have a fully functioning wallet. Not only does it support safe storage of tomocoin but it also holds Ethereum, other ERC20 token's as well as provides payment and messaging support.
Check out the wallet demo here: https://wallet.tomocoin.io/
Tomochain plans to have a host of features including:
- Proof of Authority consensus based on Ethereum codebase
- Masternode and servicenode system
- 2 second confirmation and zero transaction fee for transactions
- Support all Ethereum smart contracts
- API supports for token issuances and integrations
- Zero-fee atomic cross-chain transactions (between Ethereum and TomoChain back
- Sending transaction within TomoChain with zero fee and fast confirmation
- Mining, cashing in and cashing out features based on smart contracts
- Node protection against spamming algorithm
- Built-in exchange protocol and ICO smart-contract templates
- Decentralized governance application
One of the key thing's about Tomochain is its aim to support the entire blockchain infrastructure as a whole. Long Vuong envisions a future where multiple blockchains will be continually interacting with each other. In this blockchain ecosystem, Tomochain aims to be both a blockchain solution for businesses as well as a stable infrastructure that can process transactions across different blockchain's. The Tomochain team have already started on making their latter goal a reality through their partnership with the NEO blockchain project. Having a feeless, scalable, efficient, cross blockchain infrastucture propel the blockchain world and the "Internet of Value" to mainstream adoption.
Thanks for posting, the transaction speed is a big plus.
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