TomoChain An Efficient Blockchain Powered Decentralized Application

The rapid growth of the blockchain industry and the infrastructure of the Internet of Value is comparable to the development of the Internet in the earlier times, with hopeful visionaries creating mutually to strengthen a new tomorrow. The Internet of Value is interpreted as a period when values and digital assets exist as a packet of data on the Internet through blockchain technology.

TomoChain and TomoCoin can be driving parts of this pioneering stage by smoothly fusing an ecosystem of social and consumer applications combined with cryptographic tokens utilized by millions of mainstream users with a unique blockchain infrastructure architecture, providing fast, agreeable payment and a reliable, decentralized, and trusted store of value.

An Introduction To A Unique Consumer Application

TomoChain is an efficient blockchain powered decentralized application. The platform is an open-source, high performance, zero fee and instant confirmation blockchain that can transact billions of financial processes each day. This platform is designed to be a public authority chain secured to the Ethereum network. It is also technically innovative and has significant elements that make TomoCoin and other crypto tokens issued on it securely, transparent and dependable enough to be a store of content as a digital asset. TomoChain will be combined into the Tomo application when the development is fulfilled, and then open up to be a different service to external parties.

TomoChain Plan Outline:

• Proof of Authority agreement based on Ethereum codebase
  - Masternode and servicenode system
  - 2 second confirmation and zero transaction fee for transactions
  - Support all Ethereum smart contracts
  - API supports for token issuances and integrations
  - Zero-fee atomic cross-chain transactions (between Ethereum and TomoChain back and forth)
  - Sending transaction within TomoChain with zero fee and fast confirmation
  - Mining, cashing in and cashing out features based on smart contracts
  - Node protection against spamming algorithm
  - Built-in exchange protocol and ICO smart-contract templates
  - Decentralized governance application

Tomo Wallet

Tomo Wallet is a safe and user-friendly token wallet that provides financial management back to the end-users. It is one of the essential features of the infrastructure of the “Internet of Value.” It bridges the gap between a cryptocurrency enthusiast and a conventional user that perhaps grow the adoption rate of cryptocurrency by tenfold if performed correctly.

Tomo wallet shares an identical backend infrastructure of Tomo application such as TomoChain, third-party APIs, decentralized identity system, coin exchange smart contract and APIs, etc.

Features:

- It will allow users to securely store TomoCoin, Ethereum, and other coins and tokens on Ethereum or TomoChain.
- Users will be capable to safely send TomoCoin, messages and other currencies and tokens to friends and contacts.
- APIs for 3rd party bots and applications

Tomo Sharing Application

Tomo application is the first social consumer application using TomoChain infrastructure. The beta version is now accessible at TomoApp.com with thousands of active users weekly. It is also available for on the Apple App Store and Google Play Store. The app is distinguished by decentralized management by various stakeholders in the Tomo application. The app is capable of solving the problem of building a contributor’s system by designing an incentive program empowering and enticing users to share and work collectively to create new knowledge of sharing network. The reason is written in more particular by Long Vuong in “The Missing Roles In A Social Network.”

Architecture Overview

The architecture overview of TomoApp and TomoWallet using TomoChain infrastructure connecting with Ethereum blockchain.

TomoChain

TomoWallet and TomoApp utilize TomoCoin which is issued following ERC-20 standard in the Ethereum blockchain. TomoApp and TomoWallet intend to attain the greatest level of execution for Internet consumer applications that require little transaction fee and faster transaction speeds. Likewise, transparency, security, and value of TomoCoin are of highest value.

TomoChain will also connect with Ethereum public blockchain through smart contracts recognizing for TomoCoin interoperability between Tomo network and Ethereum public blockchain. It is proposed that TomoChain will also use TomoCoin as a protocol token to oversee and manage the infrastructure which will create demand for TomoCoin from other third party using TomoChain. A technical paper on TomoChain, the governance system and its the economics of TomoX will be issued when the chain design is finished. The official launch of TomoChain is projected on the third quarter of 2018.

TomoChain Token

TomoCoin like other cryptocurrencies such as Bitcoin and Ether, units of TomoCoin are fractionally divisible, interchangeable and exchangeable to other TomoCoin owner. It is a cryptocurrency of fixed supply. Consequently, it is long-term and non-inflationary. TomoCoin will be executed on the public Ethereum blockchain as an ERC20 token. The ERC20 token interface permits the deployment of a standard token that is compatible with the current infrastructure of the Ethereum environment, such as development tools, multi-signature wallets, ICO contract scripts, and exchanges.

The Ethereum blockchain is at present the industry standard for distributing custom digital assets such as cryptocurrencies and smart contracts because of its Turing-complete language allowing for the writing and deployment of complex, cynical, smart contracts such as the distribution of Golem or TenX digital tokens contracts. These characteristics and the dynamic ecosystem advance Ethereum as the preferred foundation layer for TomoCoin.

TomoCoin Sale and Distribution

TomoCoin has a fixed supply of 100 million tokens. The distribution is as follows:
- 50 million is proceeding to the token sale event.
- 35 million is proceeding to Reward Engine/Ecosystem Building program and will be designated to users and developers based on relevant contributions to the network over an eight-year period.
- 15 million is proceeding to the software company which designates the coin to team members, advisors and bounties over a vesting schedule in a four years-period.

TomoCoin is essential in different dimensions to the Tomo interface. Firstly, TomoCoin will be utilized as a source of funding to finish the development of TomoChain, TomoApp, and TomoWallet. Secondly, TomoCoin is used in the Reward Engine/ Ecosystem Building program as an incentive mechanism to build Tomo network community. Thirdly, TomoCoin is used as a long-term decentralized governance tool of Tomo network, which indicates building tools to acquire ideas from coin holders to decide the future path of the Tomo network including TomoChain infrastructure, TomoWallet, and Tomo application. Lastly, TomoCoin as the native payment method inside Tomo application and other third-party services.

The Team Behind TomoChain Development

TomoChain Pte. Ltd. is the central company in developing the software in Tomo network available through its headquarter in Singapore and also with its engineering, product and operation team of 12 members in Hanoi/ Vietnam.

Key members of the project are:

Long Vương “UtopianFuture,” is the Project Leader and CEO of TomoChain and founder of Tomo app, co-founder and the former project lead of very successful NEM blockchain (New Economy Movement). Ph.D. candidate in economics.

Son Nguyen
Chief Technology Officer, Director of Engineering of Tomo app. Son is an accomplished and expert technical leader, founder of the Blockchain Developer group with more than 800 active developers. Master degree in Engineering.

Tung Hoang
Front-end Engineering Manager, Co-founder of Tomo app. Product manager, frontend engineer, open-source contributor. Tung is a versatile engineer who gets almost everything completed in the fastest time possible.

Minh Chu
Blockchain and Product Leader, Chief Cloud Architect of VCCloud — one of the biggest “AWS like” local cloud service in South East Asia. Minh has a profound technology research expertise and is a security expert.

Conclusion

TomoChain economics and short-term potential are uniquely exceptional. It is a great flip, but less of a stable long-term hold presented the competitors and absence of project focus. Although, any project that aims to solve scalability issues has the potential to be a winner, and investors should seriously consider Tomocoin.