Description: TomoChain is a scalable blockchain-powered via Proof-of-Stake Voting consensus which is used commercially by companies globally. Its mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits. TomoChain’s technology and DeFi-focused flagship products include: Fast & Near-Zero Fees: 2000 TPS, 2-second blocktime, ~$0 gas fees, and EVM compatible.
Blockchain: Own (compatible with Ethereum Blockchain)
Historic High: 2.30 $
Historic Low: 0.1407 $
Partners: Binance, BitOrb, NOIA, Ais, Constant, Terra, Georgian National Blockchain Agency… + more
Exchanges: Binance, Coinbase Pro, Okex, HitBTC, Bitmart, Huobi…
Technical features: In TomoChain, masternodes share equal responsibility to run the system and keep it stable. Full nodes should run on powerful hardware configuration and high-speed network connectivity in order to ensure the required block time (target to two seconds). Only masternodes can produce and seal blocks.
In order for that, the TomoChain consensus relies on the concept of Double Validation that improves some existing consensus mechanisms, namely Single Validation. In the followings, we first describe the Double Validation, then analyze the differences and improvements of Double Validation compared to Single Validation.
Double Validation (DV): 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.