About TomoChain (TOMO)
TomoChain (TOMO) The people behind TomoChain come from diverse backgrounds and stand by a common philosophy about a decentralized future powered by blockchain technology. The blockchain industry and the infrastructure of the Internet of Value are being built rapidly around the globe, and to many the atmosphere is eerily similar to the building of the Internet in the late ‘90s, with pioneers and dreamers coming together to build a new future. TomoChain can be a leading part of this phenomenon through seamlessly merging an ecosystem of applications with cryptographic tokens used by millions of mainstream users with a unique blockchain infrastructure architecture allowing for a fast, secure, frictionless payment and trusted store of value. Distributed systems have been researched in a ”permissioned setting” where the number of participants in the system and their identities are common knowledge.
TomoChain (TOMO) In 2008, Satoshi Nakamoto – ”proposed his celebrated “blockchain protocol” which attempts to achieve consensus in a permissionless setting: anyone can join (or leave) the protocol execution (without getting permission from a centralized or distributed authority), and the protocol instructions do not depend on the identities of the players” . Later on, Ethereum with its Ethereum Virtual Machine (EVM) proposed several significant enhancements compared to Bitcoin, including Smart Contracts. Both Bitcoin and Ethereum have some issues, especially with transaction processing performance
TomoChain (TOMO)Storage Key Points
|Circulating Supply||81,641,562.50 TOMO|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Tomochain Masternode Design
The TomoChain blockchain is produced and maintained by a set of masternodes in a consistent manner through the TomoChain consensus protocol as shown in Fig. 1. These masternodes are full nodes that hold TOMO . For a coin-holder to become a masternode, two requirements must be satisfied: • The coin-holder must hold at least a minimum required amount of coin (see next section for more details).
The coin-holder must be one of the most voted masternode candidates in the system. The voting by coin-holders is credited through a Voting DApp that allows coin-holders to send TOMO through the smart contract mechanism. In addition to the voting system which is an improvement over the current Bitcoin and Ethereum blockchain, TomoChain also provides a new technique, namely Double Validation complemented with a Randomization mechanism. This new technique significantly decreases the probability of having invalid blocks in the blockchain. These enhancements and the components of TomoChain are step-by-step detailed in the followings.
Voting & Masternode Committee
There are maximum ninety-nine masternodes elected in the masternode committee. The required amount of deposit for masternode role is set at 50 000 TOMO . This amount is locked in a voting smart contract. Once a masternode is demoted (by not remaining in the top ninety-nine voted masternodes) or intentionally quits the masternode candidates list/masternode committee, the deposit will have been locked for a month.
Coin-holders can vote at any time, by any number of votes (which is actually counted by the amount of TOMO they bet on some masternode candidates). They can use masternode’s performance statistics in the governance Voting DApp as reference information to give votes. The set of masternodes is dynamically sorted by the amount of TOMO and counted up to ninety-nine, upon reception of votes
Masternodes are encouraged to run in well-known public cloud providers such as AWS, Google Cloud or Microsoft Azure which provides multiple DDOS prevention mechanisms. Even in case that some nodes are attacked or fail-stop, the network still works correctly as long as the number of failing and/or attacked nodes is less than 1/4 of the number of masternodes.
TomoChain keeps the same transaction fee mechanism as Ethereum which is indicated via gasPrice. However, TomoChain supports minimum transaction fee (at 1 wei), which somehow enables spamming that attacker tries to broadcast a huge amount of low fee transactions to the system. However, TomoChain masternodes always sort transactions and pick up only high fee transactions into the proposing block. Thus, spammers have little chance to harm the system.
Economic Sustainability is also an important concept for a blockchain based decentralized network. That means to maintain the network in a sustainable condition, an equilibrium needs to be achieved, in which the cost of running the network infrastructure could be offset by the revenues generated. In this context, the cost of network infrastructure consists of two parts: the physical cost of having hardware such as servers, memories that passes the network technical requirements; and the capital cost of having TOMO locked into smart-contracts. The revenues for Masternodes would primarily come from Reward Engine emission, and later on from service revenues such as token exchange fees provided by applications running on top of TomoChain. The will publish a TomoChain economic analysis and proposal, separate from this technical paper in a later date
Safety implies having a single agreed upon chain where there are not two or more competing chains with valid transactions in either . A consensus protocol can be safe when blocks have settlement finality, or else probabilistic finality. This last sentence reveals that TomoChain can provide safety because it has a settlement finality. A consensus protocol is considered live if it can eventually propagate and make valid transactions onto the blockchain . An occurrence of a liveness fault is when transaction omission, information withholding, or message reordering, among a number of violations are observed. This type of fault is unlikely to happen in TomoChain because the block creation masternodes list is ordered in a predetermined way for each epoch, thus if even an attacking masternode omits some transactions, the latter will be processed and validated by the next honest masternode in the next block.
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
Privacy Enabled Transactions
Launch a DEX in minutes