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TomoChain, an EVM-compatible blockchain, launched its mainnet with at least 2000 TPS.

By Shannon Wilson | August 2, 2021

After 2 years of research and development with the ambition to build a faster and cheaper public blockchain, TomoChain, an Asian public blockchain,  will officially launch its main net on Dec. 14, 2018. Tomochain has published the token swapping schedule and FAQ on its medium blog.

TomoChain, which has its own consensus called Proof of Stake Voting (PoSV), will have the performance of at least 2000 Transaction Per Second (TPS), 2-second block time, and near-zero transaction fee. TomoChain is compatible with EVM, which means Dapps, Smart Contracts running on ERC20 can mitigate to TomoChain easily. TomoChain has up to 150 masternodes to govern its chain based on the PoSV consensus, which is a Proof of Stake mechanism with double validation and randomization techniques to create, verify and confirm blocks.

To celebrate this milestone, the company is planning the “TomoChain Mainnet Global Launching Event Series” around the world from Dec 2018 to Feb 2019. The kick-off event was held in Hanoi on 6 Dec 2018. At these events, in addition to the TomoChain main net, Long Vuong will introduce TomoWallet and TomoX. TomoWallet, which is available on iOS and Android, is the TomoChain crypto wallet, dedicated to holding the TOMO coin and token issued on the TomoChain platform. TomoX is a protocol to connect the tokens on TomoChain to exchanges. The second event will be held at TomoChain’s Japan Office in Tokyo on 14 Dec 2018

$TOMO, the cryptocurrency of TomoChain, is traded on several exchanges including Kucoin, Gate.io, Cryptology,…These exchanges all support swapping $TOMO during Mainnet.

TomoChain is invested in by several well-known investment firms like Signum Capital, Connect Capital, and 1KX. Its Telegram channel http://t.me/tomochain has more than 13k fans from all over the world.

About TomoChain:

TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain, and other current blockchain platforms. TomoChain relies on a system of 150 Masternodes with Proof of Stake Voting (POSV) consensus that can support near-zero fees and a 2-second transaction confirmation time. Security, stability, and chain finality are guaranteed via novel techniques such as double validation, staking via smart contracts, and “true” randomization processes. TomoChain supports all EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. New scaling techniques such as sharding, EVM parallelization, private-chain generation, hardware integration will be continuously researched and incorporated into TomoChain’s Masternode architecture which will be an ideal scalable smart-contract public blockchain for decentralized apps, token issuances, and token integrations for small and big businesses.

Reference: https://www.asiablockchainreview.com/tomochain-an-evm-compatible-blockchain-launched-its-mainnet-with-at-least-2000-tps/

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