In this article, we tried to answer questions such as what is TOMO coin, what is the cryptocurrency TomoChain (TOMO), how to buy TOMO coin. Here are the TOMO coin comments and details about its future…
TomoChain is a fully decentralized environment for developers, offering a variety of software development kits (SDKs) and protocol implementations, with a choice of public or private transaction storage. Backed by a Proof-of-Stake Voting consensus through the TomoChain Masternode network, TomoChain has partnered with the Vietnam Ministry of Education to secure, register and verify graduation certificates and diplomas.
What is TomoChain?
TomoChain is an efficient and scalable blockchain that uses a Proof-of-Stake consensus to build applications for real-world use cases. TomoChain has created a blockchain development environment that hosts a range of products and applications running on the TomoChain blockchain.
TomoChain Ecosystem
TomoChain is an active blockchain with various development protocols that developers can take advantage of. In addition, TomoChain has designed and deployed its own open source and permissionless decentralized applications (dApps) for developers to develop. Additionally, TomoChain’s dApps are designed for enterprise adoption, providing simple and user-friendly blockchain-based business solutions.
TomoChain Core Blockchain
The TomoChain core blockchain is operated and secured by the TomoChain Masternode network. The core layer of the blockchain is governed by a Proof-of-Stake Voting consensus algorithm. This provides a fully decentralized, optimized and cost-effective transaction system for developers to build innovative, scalable applications on TomoChain with minimal cost.
What is TOMO Coin?
The ICO of TOMO, the governance token of TomoChain, took place in March 2018. Originally scheduled to last 20 days, $8.5 million was raised in just 24 hours during the public sale. Initially, TOMO was released as an ERC-20 token built on Ethereum. However, following the launch of the TomoChain mainnet in 2018, users converted their TOMO tokens 1:1 to the native TRC-21 token standard.
TomoChain for developers
It can be easily integrated with various industry standard development tools such as TomoChain, Truffle Suite, Remix, and Web3 wallets such as MetaMask.
TomoChain helps developers quickly launch dApps without compromising security. This is achieved with the help of TomoChain software development kits (SDKs), TomoP SDK, TomoX SDK and TomoWallet SDK.
Also, TomoChain is highly scalable. Boasting 2,000 transactions per second (TPS) and two-second confirmation times, the TomoChain blockchain has the capacity and throughput to make it secure and stable even in times of high network congestion.
TomoChain Master Nodes
The TomoChain blockchain relies on Masternodes to secure the network. TomoChain Masternodes are full nodes that play a crucial role in the TomoChain ecosystem by creating, validating and validating newly created blocks. To become a TomoChain Masternode candidate, applicants can deposit 50,000 TOMO and earn stake rewards. Candidates are free to resign at any time. However, once a resignation is submitted, all staked coins are locked for 30 days.
Candidates are eligible to become TomoChain Masternodes when they are among the top 150 candidates voted for each term. TomoChain Masternodes can also resign and the 30-day lock period still applies. Also, the rewards Masternodes receive are proportional to the amount of signatures they sign.
Security
TomoChain offers developers and businesses the opportunity to securely encrypt transactions for private or sensitive data. This is achieved through TomoChain Privacy, which offers anonymous transactions by double-validation security enhancements, randomization and obfuscation of transaction data including wallet addresses and transaction values.
TomoChain Protocols
The TomoChain Protocols layer hosts various decentralized applications (dApps) running on the TomoChain blockchain. These dApps are designed to be extremely user friendly with a focus on user security and privacy.
TomoChain (TOMO) Coin Review and Future 2022
The TomoChain roadmap provides detailed product development information for users and potential investors in the project. The TomoChain roadmap website displays regular updates with completed and ongoing projects, as well as a feed of the latest commits. In addition, users can clearly see the completion phase of ongoing updates.
According to the TomoChain roadmap, we can expect to see upgrades to the TomoX SDK in the second quarter of 2021 with new functionality and possibilities added. Additionally, TomoChain v2.2.0 is scheduled for May 2021 before further release of TomoChain v2.4.0 scheduled for late June. These technical updates under the hood of the project will improve the front-end user experience. Moreover, these important milestones form part of the comprehensive TomoChain roadmap.
TomoChain is one of the few selected blockchains already adopted by businesses. Blockchain offers near-instant transaction certainty with minimal fees. Moreover, the breadth of decentralized applications (dApps) available along with easy-to-navigate development tools give TomoChain high utility and functionality.
Moreover, TomoChain can facilitate both public and private transactions by using an encrypted algorithm to ensure confidentiality around transaction data. This makes TomoChain the perfect choice for businesses that want to keep sensitive data private and secure with TOMO providing a fully decentralized network.
