Tomochain (TOMO) | When To Invest?

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Tomochain Coin

TomoChain is a decentralized blockchain project. It aims to solve the scalability issues that many blockchains have.

It does this by increasing TPS (Transactions per Second).

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.

TomoChain aims to solve interoperability issues, and attempts to solve the known scalability issues with the Ethereum blockchain.

Scalability includes network congestion, long wait time for transaction validation, and the high transaction fees that come along with these issues.

Interoperability refers to the ability for Ethereum to link with other blockchains to provide cross chain interaction.

These are crucial because blockchains should work at scale to realize disruptive potential, and they need to have a way to work together. One of the major functions of blockchains is the way they move and record funds between accounts.

TomoChain is seeking to solve the scalability problem through sharding and a stake voting solution. That has led to a TOMO blockchain that provides up to 5,000 transactions per second, 2-second transaction times, and low transaction fees for users.

The development team claims once we achieve sharding, TomoChain can reach 20,000 to 30,000 transactions per second.

TomoChain can be used to build decentralized applications (DApp), and to serve other popular blockchain use cases such as decentralized value transaction.

The consensus mechanism of TomoChain is Proof of Stake Voting (POSV).

TomoChain project began on 1 March 2018. TomoChain raised $8.5M USD for the project through an ICO (Initial Coin Offering) in one day. During this token sale, users could purchase TOMO with Ethereum (ETH) for 0.25 USD per token.


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Tomochain Coin | When To Invest?

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