TomoChain is a blockchain platform on top of Ethereum blockchain. This is a project started in Q3 2018 by a developers’ team from Vietnam. The company is officially registered and has offices in Vietnam, Singapore and Japan.
The main purpose of TomoChain was to add high scalability to Ethereum blockchain. TomoChain uses Proof of Stake Voting (POSV) consensus algorithm for mining blocks on a second layer of 150-Masternodes architecture blockchain. TomoChain supports Ethereum smart contracts,Show more [+] atomic cross-chain transfers and Ethereum-compatible protocols. There are already decentralized apps running on TomoChain platform. Main advantages of running DApp on this platform are low fees, fast confirmation time and fundrising opportunities.
TomoChain has its own token TOMO, at the moment it is supported only by 8 exchanges (KyberNetwork, YoBitNet, KKCoin, KuCoin, Hotbit, VNBig, IDEX, GateIO). But as the platform is quite new, owners still give away their tokens through bounty program rewards (up to 25,000 TOMO each reward) for users who join TomoChain testnet.
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