What is TomoChain?

TomoChain (TOMO) is a high-performance blockchain platform designed to offer scalability, fast transactions, and low fees while maintaining decentralization and security. Launched in 2018, TomoChain aims to provide a seamless infrastructure for decentralized applications (DApps), enterprise solutions, and DeFi. The TOMO token is used for transaction fees, staking, and governance within the ecosystem.

How is TomoChain useful?

TomoChain enhances blockchain efficiency by enabling near-instant transactions with low costs, making it suitable for DeFi applications, enterprise solutions, and gaming platforms. It supports smart contracts and cross-chain interoperability, allowing developers to build and deploy scalable decentralized applications. The TOMO token powers the network, serving as gas for transactions, staking rewards, and governance participation. TomoChain also focuses on business adoption, offering blockchain-based identity solutions, supply chain management, and tokenization services.

How does TomoChain work?

TomoChain operates on a proof-of-stake voting (PoSV) consensus mechanism, ensuring high-speed transactions and network security through validator nodes. This model reduces energy consumption while maintaining decentralization and efficiency. TomoChain’s Ethereum-compatible smart contracts enable seamless DApp development and cross-chain asset transfers, further enhancing its blockchain interoperability. The TOMO token is staked by validators, securing the network and enabling governance participation in protocol decisions.

TomoChain milestones

• Launch of PoSV Consensus: Introduced energy-efficient staking for high-performance blockchain operations.

• Scalability Enhancements: Achieved fast, low-cost transactions with near-instant finality.

• Enterprise Adoption: Expanded into real-world use cases, including supply chain and identity solutions.

• Cross-Chain Interoperability: Enabled seamless integration with Ethereum and other blockchain networks.

• Governance and Staking Mechanisms: Allowed TOMO holders to participate in network security and decision-making.

TomoChain continues to drive blockchain innovation, offering scalable, cost-effective solutions for businesses, developers, and DeFi users.

Buy TomoChain (TOMO) on BITmarkets.