$ 0.686 4.40%
TomoChain (TOMO) Rank 595
| Mkt.Cap | $ 68.55 M | Volume 24H | 2 MTOMO |
| Market share | 0% | Total Supply | 100 MTOMO |
| Proof type | N/A | Open | $ 0.66 |
| Low | $ 0.65 | High | $ 0.70 |
Another chance on TOMO read the description first for BINANCE:TOMOBTC by DR-SherifAborehab — TradingView
That means, there is always an intrinsic cost for miners in mining regardless of its success. In case of a fork, miners therefore always allocate their resource (equipment) to the chain that they believe is correct in order to get incentives for compensating the intrinsic costs in mining. In summary, the consensus protocol of TomoChain can be formalized in Algorithm ValidatorGeneration. The Algorithm ValidatorGeneration is simulated and explained as a process shown in Fig.
Thus, spammers have little chance to harm the system. Nothing-at-stake is a well-known problem in PoS-based blockchain, just like 51% attack in PoW algorithm. PoW-based miners require CapEx (capital expenditures) for buying mining equipment such as ASICs and OpEx (operation expenditures) such as electricity to solve mathematical puzzles securing the network (see here).
Randomization of block verifiers in DV is the key factor of reducing risks coming from paired masternodes trying to commit malicious blocks. Furthermore, comparing to some current public blockchains in the market, by utilizing the DV technique, TomoChain brings significant improvements in the block time by only requiring two signatures per block. For the purpose of showing our enhancement over existing PoS-based blockchains, we analyze the differences between DV and the Single Validation mechanism in some existing blockchains as follows. In TomoChain, masternodes share equal responsibility to run the system and keep it stable.
It means that a created block is valid if and only if it is sealed by enough two signatures from a block creator and a corresponding block verifier to confirm the correctness of it. 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 Randomizationmechanism. 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. Ether (ETH) has did not replicate those effects however as the top of the 2019 approaches, the altcoin continues to be having a look to near the 12 months with a 35% achieve.
TOMO Exchanges
In practice, it’s impossible to reach with the current network status of many projects. Tomochain has made scalability its core focus. Whereas Ethereum reaches no more than 15 transactions per second, Tomochain currently can reach 5,000 tps and is aiming to increase this number to 20- to 30,000 transactions per second once sharding is successfully integrated into their protocol.
Ethereum Classic
Furthermore, the Double Validation mechanism of TomoChain lowers the probability of handshaking attacks and having invalid blocks, as previously analyzed. EOS also has a maximum of 21 block producers for each epoch, which is less decentralized than TomoChain with a maximum of 150 masternodes elected (and this number of masternodes can be changed following the decentralized governance through voting). Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.
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The price of the token will be determined by the popularity of the platform. The total supply will be capped at 100 million and starting at 50 million which is quite small by today’s standards. 50% will go to the crowdsale participants, 15% to the company, advisors and bounties and 35% to the reward engine. The inflation is set at 4.5% per year for 8 year.
Two-way (sending and receiving) short codes:
In this paper, we proposed PoSV, a PoS Voting-based blockchain protocol with heuristic and fair voting mechanism, rigorous security guarantees, and fast finality. Recently, there are several consensus protocol research works that are closely related to TomoChain such as EOS and Ouroboros ofCardano. The mechanism of voting for masternodes for reaching consensus is utilized by Bitshares and EOS, whose consensus protocol is termed Delegated Proof-of-Stake (DPoS). DPoS is similar to the Proof-of-Stake Voting consensus of TomoChain in the sense that masternodes (block creators or witnesses in DPoS) are elected through a voting system. However, TomoChain requires that masternodes need to deposit a required minimum amount of TOMO to become a masternode candidate, which puts more pressure on the masternodes to work honestly.
- Tomochain supports currently 1000+ transactions per second and plans to support up to 10,000 transaction per second.
- Furthermore, comparing to some current public blockchains in the market, by utilizing the DV technique, TomoChain brings significant improvements in the block time by only requiring two signatures per block.
- The shared metrics for the native coin to the Tomochain, the Tomocoin are covered in depth.
- We discuss and compare TomoChain with several existing blockchains in Section related work.
Consensus plays an important role to guarantee the success of distributed and decentralized systems. Moreover, PoW is much criticized because it costs a lot of electricity energy. Similar to some existing PoS-based blockchains such as Cardano, each block is created by a block producer, namely masternode, that takes its block creation permission turn following a pre-determined and circular sequence of masternodes for each epoch. However, differently from these existing blockchains, DV in TomoChain requires the signatures of two masternodes on a block to be able to push the block to the blockchain. One of the masternodes is the block creator while the other one, namely block verifier is randomly selected among the set of voted masternodes that validates the block and signs it.
While claiming to be the solution that enables other blockchains to solve their scalability issues, these blockchains can not do so without integrating with Tomochain. The moment these competitors wish to remain autonomous without the assistance of Tomochain, which is the most likely case, tons of competitions rises. The most notable names are Ethereum, Tron, EOS and other smart-contract platforms that enable developers to run Dapps. TomoChain is an innovative solution to scalability problem with the Ethereum blockchain, and other blockchain platforms. TomoChain features a 150-Masternodes architecture with Proof of Stake Voting (POSV) consensus for near-zero fee, and instant transaction confirmation.
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. 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.
Tomochain is envisioned to be a network of chains that supports instant confirmation, and near zero transaction fee which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses. Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain. Tomochain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum for backup and atomic cross-chain transfer.
TNS Contracts
The TomoChain community has shown steady growth over the past year. Especially on Twitter, the followers have grown substantially all the way up to 20,000 followers. The growth could be because of the frequent updates by the company towards their community. There are bi-weekly newsletters that are shared, regular blog posts and daily updates on Twitter & Telegram.
TomoChain is where these data are stored, and gives users the ability to control their own state. The mission is to be a leading force in building the Internet of Value, designing its infrastructure and working to create an alternative financial system which is more secure, transparent, efficient, inclusive and equitable for everyone. The shared metrics for the native coin to the Tomochain, the Tomocoin are covered in depth. These can be found in the economics paper describing the block rewards, staking rewards, transaction fees and other factors in detail.
We believe that, the Sharding technique with the stable number of masternodes will provide better stability and efficiency to the blockchain. At the same time, we commit to keep EVM-compatible smart contracts within our masternode sharding framework.
The website is pretty complete describing their vision with a video, the different components of the ecosystem (with links to the whitepaper, wallet, and app), the roadmap, team, investors and social media. In terms of social media, they have close to 18k members on their Telegram channel, 7k followers on FB and close to 6k followers on Twitter. I have read the entire whitepaper which is at the same time quite complete and technical but somewhat lacks some details especially on their blockchain.
Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. Other exchanges might list TomoChain and can be found by doing a quick web search.
