Topic: What is TomoCoin and how does it work? (Read 134 times)
Tomo coin is one of the most innovative solutions in the market right now a lot of people are joining the cryptocurrency market which is ruling to be a scalability problem with the Ethereum blockchain network don't watch in plants to support horizontal scaling by adding more second layer block chains with good performance.
I joined their ICO, and pretty happy how they dealt with everything. Sounds like a solid team. Hope they will make it run
Thanks, I hope you got in on the ICO, if you didnt buy on IDEX now, TOMOcoin is going to do a x100, masternodes incoming!
Hi, I just published this article on my blog and wants to share it with you.
What is TomoCoin
What could be the cryptocurrency of choice in the next 10 years? It could be TomoCoin! TomoCoin is the cryptocurrency native to the tunnel network which will instead provide participants to contribute to the network and working units to increase the value of TomoCoin. Tomo application is a frictionless knowledge sharing application that aims to build a social network focusing on video sharing and mobile usability available to everyone everywhere.
Tomo application will take the significant aspects of text ribbon platforms like quora and use them with the more mobile-friendly 4matic shortboard videos. It differentiates itself from Facebook and Instagram by using the cryptocurrency TomoCoin to reward content and now its contributors who will become early adopters and help to advocate for the value and usage of TomoCoin.
The combination of TomoCoin and Tomo application shows how effective an open network can be designed using a cryptocurrency and blockchain technology. You can use TomoCoin in many ways with Tomo application. Such as reward contributors, set a prize for an answer, boost a video, monetize your video channel, give virtual gifts, and send and receive coins.
As the Tomo application grows in popularity the usage for TomoCoin will grow, benefiting all the participants in the application.
Tomo wallet is where you can host your TomoCoin, Ethereum and other digital assets. It is secure, user friendly, and will be linked to the Tomo debit card which you can use for payments in physical locations. Designed by a team of blockchain and technology Pioneers the Tomo system uses unique on-chain off-chain blockchain architecture along the best user experience and also a security centralised and trustless store of value in TomoCoin.
An efficient blockchain infrastructure
Did you make a Bitcoin transaction recently? It would cost you $30 and take 10 minutes to confirm. Today it costs a total of nine million dollars and three year waiting time per day for all transactions in the Bitcoin network. Ethereum transaction is better than Bitcoin, but it still cost $3 and 18 seconds to confirm, and processes fifteen transactions per second, not suitable for adoption in any significant mainstream application. Should the future of blockchain be so slow and costly? TomoChain don’t think so.
TomoCoin is working on the Ethereum codebase to create a system of Masternodes that have a high bandwidth and processing power than can support near zero transaction fee and fast confirmation. Later, Masternodes will also support an easy and fast creation of a child-chain, that will guarantee no chain ingestion is ever happening. TomoCoin and Ethereum will be linked by a system of cross-chain smart-contracts that allows for easy atomic cross-chain token transfers. All Ethereum smart-contracts and protocol would work the same on TomoChain, which will be an ideal solution for decentralized app, token issuance and integration.
My blog article:
https://steemit.com/tomocoin/@mikeey89/what-is-tomocoin-and-how-does-it-work-993f538661d74
What is TomoCoin
What could be the cryptocurrency of choice in the next 10 years? It could be TomoCoin! TomoCoin is the cryptocurrency native to the tunnel network which will instead provide participants to contribute to the network and working units to increase the value of TomoCoin. Tomo application is a frictionless knowledge sharing application that aims to build a social network focusing on video sharing and mobile usability available to everyone everywhere.
Tomo application will take the significant aspects of text ribbon platforms like quora and use them with the more mobile-friendly 4matic shortboard videos. It differentiates itself from Facebook and Instagram by using the cryptocurrency TomoCoin to reward content and now its contributors who will become early adopters and help to advocate for the value and usage of TomoCoin.
The combination of TomoCoin and Tomo application shows how effective an open network can be designed using a cryptocurrency and blockchain technology. You can use TomoCoin in many ways with Tomo application. Such as reward contributors, set a prize for an answer, boost a video, monetize your video channel, give virtual gifts, and send and receive coins.
As the Tomo application grows in popularity the usage for TomoCoin will grow, benefiting all the participants in the application.
Tomo wallet is where you can host your TomoCoin, Ethereum and other digital assets. It is secure, user friendly, and will be linked to the Tomo debit card which you can use for payments in physical locations. Designed by a team of blockchain and technology Pioneers the Tomo system uses unique on-chain off-chain blockchain architecture along the best user experience and also a security centralised and trustless store of value in TomoCoin.
An efficient blockchain infrastructure
Did you make a Bitcoin transaction recently? It would cost you $30 and take 10 minutes to confirm. Today it costs a total of nine million dollars and three year waiting time per day for all transactions in the Bitcoin network. Ethereum transaction is better than Bitcoin, but it still cost $3 and 18 seconds to confirm, and processes fifteen transactions per second, not suitable for adoption in any significant mainstream application. Should the future of blockchain be so slow and costly? TomoChain don’t think so.
TomoCoin is working on the Ethereum codebase to create a system of Masternodes that have a high bandwidth and processing power than can support near zero transaction fee and fast confirmation. Later, Masternodes will also support an easy and fast creation of a child-chain, that will guarantee no chain ingestion is ever happening. TomoCoin and Ethereum will be linked by a system of cross-chain smart-contracts that allows for easy atomic cross-chain token transfers. All Ethereum smart-contracts and protocol would work the same on TomoChain, which will be an ideal solution for decentralized app, token issuance and integration.
My blog article:
https://steemit.com/tomocoin/@mikeey89/what-is-tomocoin-and-how-does-it-work-993f538661d74
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