{"id":6901,"date":"2023-03-17T18:13:02","date_gmt":"2023-03-17T18:13:02","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=6901"},"modified":"2023-04-18T09:00:47","modified_gmt":"2023-04-18T09:00:47","slug":"btse-ama-explores-tomochains-scalability-security-and-future-plans-in-the-evolving-web3-ecosystem","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-ama-explores-tomochains-scalability-security-and-future-plans-in-the-evolving-web3-ecosystem\/","title":{"rendered":"BTSE AMA Explores TomoChain\u2019s Scalability, Security, and Future Plans in the Evolving Web3 Ecosystem"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In an AMA hosted by BTSE on March 14, 2023, TomoMasterDAO Marketing Manager Adrian and TomoChain Labs Marketing Manager Tryphena discussed the objectives and future aspirations of <\/span><a href=\"https:\/\/tomochain.com\/\"><span style=\"font-weight: 400;\">TomoChain<\/span><\/a><span style=\"font-weight: 400;\">, a blockchain platform that aims to provide high-performance, low-cost, and secure infrastructure for decentralized applications (dApps).<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/YN70gQ7qdb0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h2><b>TomoChain Overview<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Tryphena explained that TomoChain Labs oversees the TomoChain public chain, forming the foundation of their ecosystem. TomoChain is a scalable, secure blockchain network compatible with the mainnet. The platform uses proof-of-stake voting consensus, providing 2,000 TPS, two-second block time, and nearly zero gas fees. The network is managed by 150 Masternodes, allowing Tomo holders to vote for their preferred Masternode and earn passive income in TOMO. TomoChain aims to accelerate mass adoption of Web3 applications through TomoMasterDAO with a community-driven approach, funding and supporting the incubation of DeFi and Web3 projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In summary, TomoChain Masternodes are essential for fast and secure transaction processing. They act as validators, verifying and validating transactions, and require TOMO tokens for participation. Masternodes are responsible for validating transactions, proposing blocks, confirming transactions, and overseeing network governance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TomoChain\u2019s staking voting system, featuring 150 Masternodes, strengthens network security and offers a unique validation method. This approach reduces the chances of blockchain forks, ensuring quick confirmation times and efficient checkpoints for finality. As a result, the network outperforms competitors in terms of efficiency.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What Sets TomoChain Apart<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to Tryphena, TomoChain\u2019s main value propositions are its super-fast block time of 2 seconds and near-zero gas fees, which make it easy for dApps to integrate with the network. Additionally, the proof-of-stake voting mechanism allows TOMO holders to govern network performance by staking across 150 Masternodes, giving the community a say in the future direction of TomoChain. Finally, TomoChain provides a friendly environment for both community members and developers, with a fast-growing ecosystem of projects running on the TomoChain network, as well as extended assistance for Web3 builders, including network consulting, marketing and funding, and technical support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tryphena explained that the TomoChain blockchain network, with its proof-of-stake voting consensus mechanism, provides a robust platform for Web3 builders and projects to create useful and fundamental tools for their applications. TomoChain currently offers various services\u2014including Masternode staking, multichain automated market maker (AMM) LuaSwap featuring swapping and yield farming, IDO launchpad LuaStarter, investment arm LuaVentures, and TomoBridge\u2014in collaboration with Multichain, which allows for easy cross-chain asset transfer. The network has also recently launched an NFT platform named Tezuka, which is incubated by TomoMasterDAO.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, with TOMO recently listed on <\/span><a href=\"https:\/\/www.btse.com\/en\/trading\/TOMO-USD\"><span style=\"font-weight: 400;\">BTSE Exchange<\/span><\/a><span style=\"font-weight: 400;\">, users can easily explore and interact with their ecosystem using the token. TomoChain believes that its network offers a plethora of opportunities for developers and users alike to leverage the potential of blockchain technology.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TomoChain is currently seeking potential partners to collaborate with TomoMasterDAO and has a broad community that continuously supports the project.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>TOMO Token<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Adrian shared that TOMO is the native token of TomoChain and is required for making transactions and using any dApps on the network. General users can earn passive rewards and help decentralize the network by staking across a network of 150 Masternodes and other staking services available in the TomoChain ecosystem. Additionally, TOMO can be used for funding ecosystem development, as a decentralized governance instrument, and as a voting reward. The documentation on <\/span><a href=\"https:\/\/tomochain.com\/\"><span style=\"font-weight: 400;\">TomoChain\u2019s website<\/span><\/a><span style=\"font-weight: 400;\"> provides more information about TOMO and its various use cases.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>DeFi &amp; DAOs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Tryphena stated that DeFi and DAOs can increase accessibility to previously unavailable platforms and services like lending, borrowing, swapping, and farming. She considers them crucial for automation and innovation within the TomoChain ecosystem. TomoChain is developing various DeFi products, including the multi-chain protocol LuaSwap and TomoMasterDAO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adrian discussed how DAO mechanisms encourage decentralization and community-driven decision-making, defining Web3. He anticipates that DAOs and DeFi projects will significantly advance in the coming years, unlocking new collaboration and value creation opportunities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tryphena expressed her belief that DeFi can maximize liquidity and remove middlemen from financial services, enabling universal access to these services.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>TomoChain\u2019s Current Focus<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Adrian shared that TomoChain is currently focusing on the TomoMasterDAO expansion. They recently completed board members\u2019 elections and are evaluating and bringing on more valuable projects to the ecosystem through a process of evaluation and community voting. TomoChain has onboarded and funded multiple projects over the last year and is actively seeking new projects to join them in the future. They plan to expand even further in the coming years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Future Plans &amp; Partnerships<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Adrian mentioned numerous upcoming activities for both the TomoMasterDAO community and the broader TomoChain ecosystem. With board member elections completed, they are now evaluating valuable projects that could benefit the community. They recently held a staking program with Binance Exchange and have more plans for the middle and end of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The forthcoming multi-chain AMM and IDO launch on the network was discussed. TomoChain is currently in talks with potential project accelerators, game hubs, and other partners to raise awareness for TomoChain and support the ecosystem\u2019s growth. They aim to introduce more projects for the LuaStarter Launchpad and the larger community to participate in IDOs and INOs, expanding opportunities for engagement and development within the ecosystem.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>The TomoChain Community<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">TomoChain encourages everyone to follow their social media platforms including <\/span><a href=\"https:\/\/twitter.com\/TomoChainANN\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/medium.com\/tomochain\"><span style=\"font-weight: 400;\">Medium<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/t.me\/TomoChainChannel\"><span style=\"font-weight: 400;\">Telegram<\/span><\/a><span style=\"font-weight: 400;\">, as they allow like-minded individuals who are passionate about TomoChain to receive notifications about content updates and new marketing campaigns. The Telegram channel currently has over 10,000 members, where people share their thoughts and comments about the Tomo ecosystem. TomoChain values feedback on how to improve and enrich the ecosystem, and Adrian encourages everyone to join their vibrant community.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Community Questions<\/b><\/h2>\n<p>&nbsp;<\/p>\n<h3><b>TomoChain Expansion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Regarding TomoChain\u2019s interaction with other networks and future expansion, Tryphena mentioned the existing collaboration with Multichain through TomoBridge for cross-chain transactions. They plan to extend partnerships with Web3 builders, DeFi apps, and more. TomoMasterDAO is also exploring gaming projects and cross-chain solutions to integrate assets from other networks into TomoChain, and actively pursuing potential projects to enhance their network and brand awareness.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>From Web2 to Web3<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">TomoChain emphasizes decentralization as a key aspect of the transition from Web2 to Web3. Projects like Tezuka Marketplace aim to empower the community and involve them in decision-making. To ensure user security and privacy, the non-custodial wallet Bitizen Wallet has been integrated into TomoChain\u2019s technical system, and will continue to develop and incorporate more projects.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Tomo Bridge<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The TomoChain representative stated that the Tomo Bridge project has evolved over time, acting as a gateway to various partner solutions. Security measures have been implemented to ensure a seamless user experience when transferring assets between TomoChain and other blockchains. Presently, the multi-chain bridge allows TomoChain assets to be transferred to Ethereum, and intends to adopt new cross-chain solutions in the future.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>TomoChain + AI<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">TomoChain is currently discussing the possibility of integrating AI into their network through web three projects that focus on AI. They plan to incubate these projects in the Tomo system and seek the TomoMasterDAO\u2019s help to bring them to fruition. According to TomoChain member Adrian, AI projects are the future of technology and TomoChain should not miss out on this trend. They are open to supporting AI projects that are interested in the Tomo network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TOMO tokens can be purchased on the <\/span><a href=\"https:\/\/www.btse.com\/en\/trading\/TOMO-USD\"><span style=\"font-weight: 400;\">BTSE exchange<\/span><\/a><span style=\"font-weight: 400;\">, and information on how to buy TOMO on decentralized exchanges, along with contract addresses, can be found on TomoChain\u2019s social channels, including <\/span><a href=\"https:\/\/twitter.com\/TomoChainANN\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/t.me\/TomoChainChannel\"><span style=\"font-weight: 400;\">Telegram<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/weibo.com\/tomochain\"><span style=\"font-weight: 400;\">Weibo<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on Twitter @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an AMA hosted by BTSE on March 14, 2023, TomoMasterDAO Marketing Manager Adrian and TomoChain Labs Marketing Manager Tryphena discussed the objectives and future aspirations of TomoChain, a blockchain platform that aims to provide high-performance, low-cost, and secure infrastructure for decentralized applications (dApps). &nbsp; TomoChain Overview Tryphena explained that TomoChain Labs oversees the TomoChain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-6901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"yoast_head":"<!-- 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discussed the objectives and future aspirations of TomoChain, a blockchain platform that aims to provide high-performance, low-cost, and secure infrastructure for decentralized applications (dApps). &nbsp; TomoChain Overview Tryphena explained that TomoChain Labs oversees the TomoChain [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/btse-ama-explores-tomochains-scalability-security-and-future-plans-in-the-evolving-web3-ecosystem\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-17T18:13:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-18T09:00:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/03\/photo_2023-04-10-15.32.36.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" 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