Exchange TomoChain (TOMO) (TOMO)
If you're looking to swap TomoChain (TOMO), SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is TomoChain (TOMO), or some fresh information about TOMO’s price movements. And, of course, we provide you with multiple TomoChain (TOMO) exchange options so that you can choose the offer with the best rates and lowest TomoChain (TOMO) fees, as well as other parameters that suit you.
TomoChain (TOMO) Price Stats
To help you make a decision about exchanging your TomoChain (TOMO), we gathered some cold hard numbers: TomoChain (TOMO) price chart and other stats, such as TomoChain (TOMO) market cap.
TOMO 24H HIGH $1.38365155
TOMO MARKET CAP $0
TOMO CIRCULATING SUPPLY 0 TOMO
TOMO 24H LOW $1.38201233
TOMO PRICE $1.38313899
TOMO 24H VOLUME $0
TomoChain (TOMO) Price Chart
Here you can see the current price of TomoChain (TOMO), as well as TomoChain (TOMO) price history.
What is TomoChain (TOMO)?
TomoChain is a blockchain network designed to provide high performance, scalability, and interoperability for decentralized applications (DApps) and token issuance. It uses a proof-of-stake (PoS) consensus mechanism to achieve faster transaction speeds and lower transaction costs compared to some other blockchain platforms like Ethereum.
The main goal of TomoChain is to provide a scalable, efficient, and secure blockchain platform for the development and deployment of decentralized applications (DApps) and various blockchain-based solutions.
TomoChain was founded by a team of developers and blockchain enthusiasts led by Long Vuong. Long Vuong is a well-known figure in the blockchain space, and he was also one of the co-founders of NEM, another blockchain platform.
TomoChain was officially launched in December 2017. It was created with the goal of addressing some of the scalability and speed issues that were prevalent in early blockchain networks like Bitcoin and Ethereum. TomoChain's focus has been on providing a scalable and efficient blockchain platform for building decentralized applications (DApps) and conducting transactions.
TomoChain focuses on delivering high performance and scalability, with the goal of processing a large number of transactions per second (TPS). This is essential for supporting a wide range of DApps and ensuring that the network can handle increasing user activity without congesting or slowing down.
TomoChain aims to offer fast confirmation times for transactions and low transaction fees. This makes it a viable option for both developers and users, particularly when compared to blockchains like Ethereum, which can sometimes experience network congestion and high gas fees.
The network was launched through a combination of technical development, community involvement, and a token sale to fund the project's development. The TOMO token, which is the native cryptocurrency of the TomoChain platform, was introduced to facilitate transactions and as a way to incentivize network participants.
The TomoChain ecosystem is a diverse and growing network of projects and applications that leverage the TomoChain blockchain platform for various purposes. The ecosystem includes a wide range of decentralized applications (DApps), services, and initiatives built on or integrated with TomoChain.
TomoChain Core is the underlying blockchain infrastructure that serves as the backbone of the ecosystem. It provides the security, consensus mechanism, and scalability features for the entire network.
TomoChain employs a unique consensus mechanism known as the "Proof of Stake Voting" (PoSV). This algorithm is designed to combine the advantages of both Proof of Stake (PoS) and Masternode systems to ensure network security, scalability, and decentralization.
TomoChain's PoSV consensus system relies on masternodes to validate transactions and secure the network. Masternodes are specialized nodes that have a significant role in the network's operation. To become a masternode operator, users are required to lock up a certain amount of TOMO tokens as collateral. This collateral ensures that masternode operators have a stake in the network's security.
In the PoSV consensus mechanism, token holders can delegate their tokens to masternodes. Delegation involves selecting a masternode to vote for and entrusting them with the responsibility of validating transactions on the network. Delegated tokens remain under the control of the token holder and are not transferred to the masternode.
Masternodes are elected through a voting process. Token holders can vote for masternodes by staking their TOMO tokens behind the chosen masternodes. Masternodes with a higher number of votes have a better chance of being selected to produce blocks and validate transactions.
TomoChain's PoSV mechanism includes a randomization process to determine the order in which masternodes propose and validate blocks. This randomness enhances network security by preventing collusion or predictability in block production.
TomoChain has a staking mechanism that enables token holders to participate in network security and governance. Various staking services and nodes are part of the ecosystem.
The project also launched TomoChain Academy, An educational initiative aimed at providing resources and knowledge about blockchain and TomoChain technology.
TomoZ is a feature that enables the issuance of tokens on TomoChain without the need for gas fees. It's designed to make it easier for developers to create and manage tokens on the platform.
TomoX is a protocol for building decentralized exchanges (DEXs) on TomoChain. It allows users to create and manage their own DEXs with features like order matching and liquidity sharing.
TomoChain is designed to be interoperable with other blockchains, which means it can communicate and share data with other blockchain networks.
TomoScan is a block explorer for TomoChain, enabling users to explore and analyze transactions, blocks, and addresses on the blockchain.
TomoBridge is a cross-chain bridge that allows assets to be transferred between TomoChain and other blockchain networks, enhancing interoperability.
Moreover, TomoChain boasts TomoP, a privacy protocol built within its ecosystem, ensuring secure and untraceable transaction capabilities.
Numerous decentralized applications have been developed on TomoChain, covering a wide range of use cases, including gaming, finance, supply chain management, and more. These DApps leverage TomoChain's capabilities for secure and efficient blockchain transactions.
The TomoChain ecosystem continues to evolve and expand, with new projects and developments regularly being introduced. It aims to provide a comprehensive blockchain platform for developers and users seeking scalability, speed, and a wide range of blockchain applications.
TomoWallet is a mobile wallet application that allows users to manage their TOMO tokens and interact with DApps on the TomoChain network.
TOMO is the native cryptocurrency of the TomoChain network. It is used for various purposes within the ecosystem, including transaction fees, staking, and governance. The TOMO token has a total supply of 100 million tokens and as of October 2023, the circulating supply is 96,830,754 TOMO.
TOMO tokens are available on several exchanges, including Binance, KuCoin, Huobi, Bittrex, and Gate.io.
Average Tees on TOMO
Transaction fees on the TomoChain blockchain are typically very low compared to many other blockchain networks, such as Ethereum. This is due to TomoChain's design, which aims to provide fast and cost-effective transactions.
The average transaction fees on TomoChain are also quite low, about 1/100th of Ethereum’s fees.
TOMO Coin Wallets
TOMO tokens can be stored in a variety of crypto wallets, including the official TOMO Chain Wallet, MetaMask, MyEtherWallet, Trust Wallet, Ledger Nano S/X, Atomic Wallet, Exodus, Coinomi, etc.
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