Tomochain - Second layer blockchains with atomic cross-chain transfers.

Tomochain

Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain. Tomochain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum for backup and atomic cross-chain transfer.

The token is going to be used in order to both regulate and govern the infrastructure. This project is set to solve the scalability issues which have been plaguing the ethereum blockchain in recent times.

Our Vision

Tomochain is envisioned to be a network of chains that supports instant confirmation, and near zero transaction fee which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses.

Tomocoin is a digital token that has been issued by the team at Tomochain. This is a company that has the aim of creating a blockchain infrastructure for the purpose of the internet of value called Tomochain.

How is it different?

Tomocoin is different in a way that it provides a combination of services through its chain , wallet and apps. A PoA consensus based blockchain reduces the energy footprint. They have strict competition with Steemit, Kin and OmiseGo but the product is far more superior when compared to steemit. Kin is based on stellar while Tomo is based on Ethereum. OmiseGo is way ahead due to strong partnerships and physical presence in Asian markets and hence a direct competitor to Tomo. The market cap of Omise Go is 1.2 billion and that of Steemit is 950+million and hence it seems that Tomo can see a similar growth when compared to their competitors.

Tomo knowledge sharing application aims to build a social network focused on video sharing and mobile usabilities, available to anyone, anywhere. Tomo App will take the social network and sharing knowledge aspects of text-driven platforms like Quora and Medium and fuse them with the more mobile-friendly format of short-form videos. It differentiates itself from Facebook, Instagram, and other social networks by using the cryptocurrency Tomocoin to reward content and knowledge contributors. In turn, content and knowledge contributors will become early adopters of Tomocoin and help to advocate for the value and usage of Tomo network and Tomocoin.

What are their plans going forward?

Tomochain wants to provide support for horizontal scaling by bringing in additional 2nd layer blockchains that have been integrated with good performance and having ethereum as backup alongside the atomic cross-chain transfer.

It is effectively set to be a chain network which will allow for instant confirmations, as well as transaction fees that are almost zero. This means this will be the ideal setting for the likes of decentralised apps, issuing of tokens, as well as integrating tokens into both small and large businesses.

Tomochain Testnet

• POA consensus based on Ethereum codebase
•2 second confirmation and zero transaction fee for transactions
•Support all Ethereum smart contracts
•Testnet is on MyEtherWallet

Tomowallet Demo

• Demo zero fee atomic cross chain transactions (between Ethereum and Tomochain back and forth)
• Demo sending transaction within Tomochain with zero fee and fast confirmation
• Demo mining, cashing in and cashing out features based on smart contracts

Wallet

A secure and user-friendly coin wallet that gives financial control back to the end-users is one of the most important parts of the infrastructure of the “Internet of Value”. It will bridge the gap between a cryptocurrency enthusiast and a mainstream user – and possibly increase the adoption rate of cryptocurrency by 10-fold if done right. We want to invest in building such a wallet, firstly to host Tomocoin and Ethereum and later multiple other cryptographic tokens and currencies.

Masternodes

TomoChain will work on Proof of Authority consensus and will have masternodes which will support easy and fast creation of child chains to eliminate chain congestion.

Strong Team and Advisors

TomoCoin is backed by a very strong team with relevant industry experience which can help TomoCoin to realize its true potential. The CEO of TomoChain Long Vuong is former project lead of NEM blockchain. Min Kim (Head of Biz Development at The Bee Token) and Roger Lim (Director of the Qlink Foundation) are few of the notable advisors advising TomoCoin.

Final Thoughts

TomoCoin is a solid project in my opinion, and I have invested in TomoCoin myself. I am bullish on TomoChain long term & I wish to hold enough to run a TomoCoin masternode which looks to be 10,000 coins however no number or details have been given. Early 2019 is plan to have main-net running with masternodes, so if you would like to have a valued coin that will create a passive in-come. This is high on the list.