SINGAPORE, Dec. 7, 2018 /PRNewswire/ -- 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 mainnet 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 performance of at least 2000 Transaction Per Second (TPS), 2 second blocktime, and a near zero transaction fee. TomoChain is compatible with EVM, which means Dapps and 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.
About the mainnet launch, Long Vuong, Founder and CEO of TomoChain said, "We are excited to reach the mainnet launch milestone this December. We have been striving to set new standards in security, stability, scalability, and usability in the public blockchain space with TomoChain's development. However, the mainnet launch is just a beginning for the next stage of building the TomoChain's ecosystem. We are looking forward to welcoming new developers, entrepreneurs, and projects from all over the world to build on top of TomoChain in 2019. "
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 Dec. 6, 2018. At these events, in addition to the TomoChain mainnet, 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, and 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.
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 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.