TomoChain-High scalable Ethereum based BlockChaiTn

Problem statement:

The biggest problem with today’s mainstream blockchain like Bitcoin and Ethereum is the scalablity issues.
For them to compete with more mainstream systems like visa and paypal, they need to seriously step up their game when it comes to transaction times. While paypal manages 193 transactions per second and visa manages 1667 transactions per second, Ethereum does only 20 transactions per second while bitcoin manages a whopping 7 transactions per second! The only way that these numbers can be improved is if they work on their scalability.

Tomocoins/Tomochain’s Solution :

TomoChain is an innovative solution to the scalability problem with the Ethereum
blockchain in particular and with all current blockchain network in general.
TomoChain plans to support horizontal scaling via adding more second layer
blockchains with good performance integrated with Ethereum network for backup
and atomic cross-chain transfer. TomoChain is envisioned to be a network of chains
that supports instant confirmation, near zero transaction fee, and smart contracts
which will be an ideal solution for decentralized apps, token issuances and token
integrations for small and big businesses alike. TomoCoin will be the protocol token
that govern and regulate this infrastructure. TomoChain will be a critical part of the
alternative financial system based on Internet and blockchain technology which is
more secure, transparent, efficient, inclusive and equitable than the traditional
regime.

Developement Status:

1. TomoChain,a blockchain infrastructure framework, which is an open-source, high performance,zero (economically) fee and instant confirmation
   blockchain that can process billions of financial transactions per day.
2. In the current plan, TomoChain is designed to be a public permissioned chain pegged to the
   Ethereum network.
3. TomoChain is a technically innovative and significant component
   that makes TomoCoin and other cryptographic tokens issued on it secure, transparent
   and trustworthy enough to be a store of value as a digital asset.
4. TomoChain will be integrated into the Tomo application when the development is completed, and then
   open up to be a separate service to external parties.

The current feature plan of TomoChain includes:

1. Proof of Authority consensus based on Ethereum codebase

2. Masternode and servicenode system

3. 2 second confirmation and zero transaction fee for transactions

4. Support all Ethereum smart contracts

5. API supports for token issuances and integrations

6. Zero-fee atomic cross-chain transactions (between Ethereum and TomoChain back and forth).

7. Sending transaction within TomoChain with zero fee and fast confirmation

8. Mining, cashing in and cashing out features based on smart contracts

9. Node protection against spamming algorithm

10. Built-in exchange protocol and ICO smart-contract templates11 Decentralized governance application

TOMO APPLICATION:

This Tomo application will be the first social consumer application utilizing TomoChain infrastructure.The beta version is now available at TomoApp.com with thousands of weekly active users and is available for download on the Apple App Store and Google Play Store.

Testnet status: https://stats.TomoCoin.io
Tomowallet demo: https://wallet.TomoCoin.io

How to use Tomowallet:

1. TomoWallet creates a TomoCoin transfer transaction in Ethereum
2. TomoCoin is deposited in user’s wallet using Cash-In Smart Contract in Ethereum
3. TomoWallet BackEnd receives an Event from Ethereum Blockchain
4. TomoWallet Backend calls Cash-In Smart Contract in TomoChain
5. Cash-in Smart Contract transfer TomoCoin to user’s wallet in TomoChain
6. TomoCoin appears in TomoWallet and TomoApp

Users can also use TomoWallet to withdraw TomoCoin.
This process has six steps as described below:

1. TomoWallet creates a TomoCoin transfer transaction in TomoChain.
2. TomoCoin will be transferred from user’s wallet to Cash-Out Smart Contract
3. TomoWallet Backend receives an event from TomoChain
4. TomoWallet Backend call Cash-out function in Cash-Out Smart Contract in Ethereum
5. Cash-Out Smart Contract transfers TomoCoin to user’s wallet in Ethereum
6. TomoCoin appears in user’s Ethereum wallet

Keypoints:

1. Solution to the Scalability problem on Ethereum blockchain.
2. A public permission blockchain in a decentralized environment.
3. Instant Confirmations and Near-Zero Transaction Fees.
4. ICO Hosting Platform: Smart Contracts to Host Decentralized Apps, token issuances and token integrations for small and big businesses.
5. Zero-fee Atomic cross-chain transactions.

TomoApp Beta released in Q3 2017.
TomoChain official release on Q4/2018.

total supply = 100 million
circulation :40million circulation
public sale :1st march 2018- Hardcap :$8.5million
private sale: completed

Social Links
TomoCoin Website: https://tomocoin.io/
Telegram Official Channel: https://t.me/tomocoin
Twitter Handle: https://twitter.com/TomoCoin_io
Facebook Page: https://www.facebook.com/tomocoin
Medium Blog: https://medium.com/tomocoin
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2021785.0
TomoApp (Beta) Website: https://tomoapp.com/