The below TomoChain price chart tracks the price of TomoChain against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Scalable and efficient
✓Proof of stake voting model
✓High speed transactions
TomoChain is a disruptive network that aims to improve on the existing scalability inefficiencies of the Ethereum blockchain. The project seeks slash transactions fees and decrease transaction confirmation times all whilst upholding a decentralized nature. TomoChain already boasts a significant improvement for transaction times compared to Ethereum and is well capable of conducting over thousands of transactions per second - resulting in reduced levels of congestion within this particular network. This is a quintessential trait of a blockchain the aspires for global scalability and adoption.
The protocol’s Proof-of-Stake Voting consensus rewards holders of the TOMO token via staking for voting for validators within the network. The PoSV also allows developers to build decentralized applications quickly and without ghastly costs.
The local asset of the TomoChain infrastructure (TOMO) can be used to cover fees associated with transactions in addition to its rewarding and governance functionalities.
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