Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hanhobi on July 20, 2020, 06:04:12 AM
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TomoChain is the fastest Ethereum compatible chain with very low fees which may be attractive to some dApp makers. It tackles many issues like Nothing at Stake issue with PoS and obtaining a high level of TPS with decentralization.
In addition, TRC21 token standard allows users to pay transaction fees in the token itself. The feature greatly reduces onboarding friction, making TomoChain an excellent candidate for onboarding newcomers into the world of crypto.
Read more at: https://pantograph.io/what-is-tomochain/
TOMO token is now at $0.89.
Do you think TomoChain is the new Ethereum?
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In addition, TRC21 token standard allows users to pay transaction fees in the token itself. The feature greatly reduces onboarding friction, making TomoChain an excellent candidate for onboarding newcomers into the world of crypto.
One of the many things I hate with some wallets is that I have to get Ethereum coins for me to send another coin to another wallet because they don't allow deductions to the very coins I am sending. I mean this is very inconvenient and very irrational, to say the least. This insanity should stop as this can mean that the wallet holding my coins is not trusting the coins they allowed them in.
Good to see that TomoChain people are sensing this problem and utilized their common sense. Bravo TomoChain!
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"The TomoChain blockchain and product ecosystem enable development of high-performance blockchain projects. An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
Scalable & Fast Blockchain in Mainnet
2000 TPS. 2 Second Blocktime
Pay Fee with Any Token
TomoZ Protocol
Developer-Friendly Platform
EVM Compatible
Privacy Enabled Transactions
TomoP Protocol
Launch a DEX in minutes
TomoX Protocol
Security Enhancement
Double Validation and Randomization
Build on TomoChain
Our mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits."
OK, that is the information we can easily find right on TomoChian's website: https://tomochain.com/home/.
To me, TomoChain is one of Vietnam's successful blockchain projects, along with KyberNetwork & MidasProtocol.
Currently TomoChain is receiving much attention & many projects have decided to issue TomoChain-based blockchain tokens such as PayFrequent, 24x7crypto ...
Honestly, I'm very proud of them :)
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I think being able to use the token itself as a transaction fee is a big plus, this has been the down side of Ethereum wallets. You need to have Ether was gas and gas fee is quite ridiculous lately. This might be a breakthrough afterall.
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Pay Fee with Any Token
TomoZ Protocol
This discussion is interesting because I think this is a breakthrough from TOMO Chain, it seems I have not seen it on any other platform from all the altcoins that have been circulating in the market.
But I have a few questions that make me confused about this from TOMO Chain.
I see TOMO accepts transactions with various tokens, now how is the token not included in 500 CMC, aka the price of the token is cheap, is TOMO still able to accept that fact ?
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It seems everyone loves the feature: paying with transferred tokens instead of having to use ETH like Ethereum's ERC-20 wallets :)
In addition, the ability to expand to 2000 tps is also quite impressive, TomoChain will definitely have a good future if they continue to receive the current attention.
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TomChian offering something that no other blockchain did before like these:
I quote
"The TomoZ protocol; The first on-chain protocol that offers the ability for any user to pay transaction fees with the same token the user is holding."
Source: https://medium.com/@CryptoCabital/tomochain-project-update-review-by-cryptocabital-7d89d1893d3f
The only Con i can find is the transactions number that can hold at the same time which is more or less of 1k transactions per second.
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Tomo chain is the TRC based platforms. It is a favourite cryptocurrency like bitcoin and Ethereum.
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i like this project and will like to see more projects or startup utilize their platform. it is a good platform that has alot of what ethereum failed to offer. the transactions is so fast and cheap. the price is the cheapest among other blockchain project.
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omochain looks to the future of a chain network that supports instant confirmation, near-zero transaction fees, and smart contracts that provide the infrastructure for DApps, issuing and integrating tokens for SMEs. .
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"The TomoChain blockchain and product ecosystem enable development of high-performance blockchain projects. An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
Scalable & Fast Blockchain in Mainnet
2000 TPS. 2 Second Blocktime
Pay Fee with Any Token
TomoZ Protocol
Developer-Friendly Platform
EVM Compatible
Privacy Enabled Transactions
TomoP Protocol
Launch a DEX in minutes
TomoX Protocol
Security Enhancement
Double Validation and Randomization
Build on TomoChain
Our mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits."
OK, that is the information we can easily find right on TomoChian's website: https://tomochain.com/home/.
To me, TomoChain is one of Vietnam's successful blockchain projects, along with KyberNetwork & MidasProtocol.
Currently TomoChain is receiving much attention & many projects have decided to issue TomoChain-based blockchain tokens such as PayFrequent, 24x7crypto ...
Honestly, I'm very proud of them :)
Tomochain was designed to solve the scalability issues facing the Ethereum blockchain (we might recall the CryptoKitties event and the poor performance during the ICO launch). The second layer blockchain is the idea behind the use of a horizontal scaling solution, which will be integrated with the Ethereum network for backup and cross exchange between blockchains.
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TomoChain is based on the PoS protocol, so it doesn't have the same mining tools in PoW systems like Bitcoin and Ethereum. Instead, the network implements the concept of masternodes, which are servers that use their computing power to sign blocks and receive TOMO (TomoChain's native token) as a reward.
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Tomochain was created to be a chain network to support maximum transaction confirmation speed with almost negligible fees, while smart contracts will provide infrastructure for DApps, issuing and token integration for both small and medium businesses.
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TomoChain is the fastest Ethereum compatible chain with very low fees which may be attractive to some dApp makers. It tackles many issues like Nothing at Stake issue with PoS and obtaining a high level of TPS with decentralization.
In addition, TRC21 token standard allows users to pay transaction fees in the token itself. The feature greatly reduces onboarding friction, making TomoChain an excellent candidate for onboarding newcomers into the world of crypto.
Read more at: https://pantograph.io/what-is-tomochain/
TOMO token is now at $0.89.
Do you think TomoChain is the new Ethereum?
Yes brother excellent this project is very popular interesting TOMO Chain project in the world.
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TomoChain is based on the PoS protocol, so it has no miners like in PoW systems like Bitcoin and Ethereum. Instead, the network implements the concept of masternodes, which are servers that use their computing power to sign blocks and receive TOMO (TomoChain's native token) as a reward.
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TomoChain aims to accelerate the adoption of blockchain technology worldwide while solving Ethereum's known scalability problems, ensuring the network keeps transaction fees low along with fast, confirmed confirmation times. Dual realization, randomization to ensure security and fair voting system.
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TomoChain is the fastest Ethereum compatible chain with very low fees, which might be attractive to some dApp makers. It solves many problems like the problem Nothing happens to PoS and achieves high TPS level with decentralization.