Tomochain probably sounds like something served in a molecular gastronomy restaurant, but I assure you it is not, unless the restaurant is my crypto portfolio and I'm the chef serving. Welcome to the mouthwatering side of blockchain development. Have a seat.
Prepare your palette.
Tomochain is the next Ethereum. Now, before you go flipping tables, kindly hear me out. Bitcoin and Ethereum are the leading blockchain. They are quite good at what they set out to do, which is the decentralized exchanges of values. However, security concerns, poor performance, and scalability issues remains sticky point with these generation of blockchain technology.
TomoChain and The Not so Typical Storyline.
TomoChain has set out to address Ethereum’s scalability, while spicing up Bitcoin’s transaction speed. Tomochain is a high-performance, high throughput blockchain platform with two seconds confirmation time and ability to scale up to 30000 TPS. As a fork of Ethereum, Tomochain interoperable with Ethereum network seasoned with near zero transaction fees. Tomochain is EVM compatible, making it easier for Decentralized Applications (DApp) performing on Ethereum blockchain shift over to Tomochain without a glitch. Furthermore, Tomochain secures every block through its innovative double validation protocol to promote a new level of security on the blockchain. Any block to be created on Tomochain network through a masternode has to first be voted for via the network's Proof-of-Stake Voting (PoSV) consensus . This is the first validation. Tomochain voting mechanism is designed to be transparent and fair, governed up to 150 masternodes systems who are there to build, verify and validate new blocks. After the block has been created, another masternode is randomly selected to validate the creation of the block before a new block is added to the chain.
The masternodes are also slated to be the underlying support of a proposed sharding solution when the mainnet is launched. This will establish a new target for the blockchain’s TPS, bringing it to a whooping 20,000-30,000 from its existing 2000.
After all is said..
So, how do we serve this dish? Do we light candles and watch them flicker wildly on the chart, while the dish simmers.
No. Not me.
My Tomo will be serving the network as a custodian via masternodes. Running a masternode requires 50,000 Tomochain, an amount I am still working towards. This amount automatically enables any prospective masternode operator to be eligible for Tomochain reward programs spanning an eight years period, starting from 4 million TOMO annually.
To learn more about Tomochain’s economic ingredients, read:
https://docs.google.com/document/d/197Cu57A6OYPoEQbrUVr067qNVEzP_FEwaDCFff7hnlM/edit
And for Tomochain will taste like after sharding, click here
https://docs.google.com/document/d/1u7TajABjbllZTAkz741wqvbP5v4t4HvJq935rpefvBE/edit
Whitepaper too? That soup is over here
https://tomochain.com/docs/technical-whitepaper--1.0.pdf
