TomoChain is a company that aims to solve one of the persistent problems of blockchain: scalability. With its masternode structure, proof of skate consensus, and sharding, it can speed up the number of transactions per second by thousands, lower transaction costs, and improve the decentralization process.More
TomoChain uses proof of skate instead of proof of work consensus, which is what Ethereum is into; so by staking, it can speed up the transaction up to 5,000 per second compared to less than 20 in other blockchain platforms and lower transaction fees paid through its token (although this can also be exchanged with other digital currencies). It then pairs the consensus with sharding or horizontal partitioning, wherein dataset is broken down and stored into different databases to allow the cluster to scale.More
You can buy TomoChain (TOMO) in a crypto exchange like Coinmerce. It's simple to do: just indicate what price you want to pay for TomoChain (TOMO) (or buy it instantly for the market price), whereafter you get TomoChain (TOMO) within a few minutes.More
You want to buy TomoChain? You can buy TomoChain using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see TomoChain, use the search function to search for TomoChain and click on the name. You can indicate for how many euros you want to buy TomoChain in the right window. Below is shown how much TomoChain you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy TomoChain when the price of TomoChain reaches your entered value. You can also execute a repeating order. Do you want to buy TomoChain with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive TomoChain.
TomoChain is a solution that began on March 1, 2018. Since then, it has already raised over $8 million, particularly during its initial coin offering. It started in mainnnet and then later opted for an independent chain. It has also now grown to 150 masternodes chosen through voting rights but plans to add more. All these are to solve a common issue with cryptocurrency processing, which is speed. Cryptocurrency transactions revolve around specific objectives like decentralization, but the conventional consensus, which is proof of work, can slow down the processing of transactions. This makes it difficult for blockchain platforms to scale, let alone compatible or usable in other real-life applications. Today, TomoChain can already process over 1,500 transactions per second. By adding more nodes and sharding, it may increase the number to 20,000. There are also about a million TOMO tokens available now, while fees are just 1 percent of that of Ethereum, making it considerably cheaper.