Review on TomoChain by francis fernandez
Tomochain: a decentralized, fast and secure exchange platform with a comprehensive ecosystem of blockchain functions
Tomochain is a decentralized platform whose purpose is to manage the exchange of cryptocurrencies through the use of the TOMO token; to establish a global e-commerce network between organizations and users, quickly and safely.
Token:
The TOMO digital asset has a total of 100,000,000 TOMO shares.
Utilities:
The Tomochain network constitutes a technological ecosystem for the development of high-performance solutions based on blockchain:
• It is used to carry out private operations.
• It is used to develop decentralized exchange applications.
• Allows the payment of fees through the use of any token.
• Serves as a base tool for developers due to its compatibility with EVM.
Technology:
The Tomochain platform has an ecosystem made up of more than 150 network servers that are responsible for generating, verifying and validating the blocks using the Proof-of-Stake Voting (POSV) consensus mechanism.
Due to the POSV consensus, the network enjoys speed in the confirmation of operations, very low rates and the use of smart contracts for stakeout.
The network has double validation, since the blocks generated by a network server are subsequently randomly verified by another masternode, this process contributing to the greater security of the network.
Rewards system:
The block validating network servers are chosen at random by means of an equation that selects the order of verification through a smart contract where each masternode has sent its public key.
Pros
- It is a scalable platform due to rapid validation of operations.
- Offers speed in transactions.
- Use smart contracts to perform asset stakeout.
- Offers low cost in transaction fees
Cons
- The value of their currency is subject to market volatility.
