[Short general description]: TomoChain aims to build an efficient blockchain infrastructure for decentralized applications, token insurance and integration.
TomoChain and TomoCoin seamlessly intent by merging an ecosystem of social and consumer applications integrated with cryptographic tokens used by millions of mainstream users with a unique blockchain infrastructure arhitecture, allowing for fast, frictionless payments and a secure, decentralized, and trusted store of value.
[Main problems tackled]: TomoChain presents itself as an innovative solution to the scalability problem with the Ethereum blockchain in particular and with all current blockchain networks in general. They say this can be achieved by supporting horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum network for backup and atomic cross-chain transfer.
TomoChain is envisioned to be a network of chains that support instant confirmation, near zero transaction fee, and smart contracts which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses alike.
[Main contribution proposal]: TomoCoin as the protocol token which governs and regulates infrastructure. The TomoApp aims to build a new decentralized social network with a built-in cryptocurrency.
TomoChain feature plan includes:
1) proof of authority consensus based on ethereum codebase
2) masternode and servicenode system
3) two second confirmation and zero transaction fee for transactions;
4) supports for all Ethereum smart contracts;
5) API support for token issuances and integrations;
6) zero-fee atomic cross-chain transactions;
7) mining, cashing in and cashing out features based on smart contracts;
8) node protection against spamming algorithm;
9) built-in exchange protocol and ICO smart-contract templates;
10) decentralized governance application.
Lastly a TomoWallet, a secure user-friendly coin wallet which will allow to safety store TomoCoin, Ethereum and other coins and tokens on Ethereum or TomoChain. Messages between users and APIs for 3th party bots and applications will also be integrated.
[Improvements]: Instantaneous financial transactions within the TomoApp.
As mentioned TomoChain is to be seen as a solution to scalability problems. The use of Proof of Authority and node building in multiple locations to ensure a highly secure database. Standardized APIs for third parties. The use of Artificial Intelligence for a number of features within the TomoApp. Search and recommendations in order to connect users. Reward engine and contributor score which through a algorithm will calculate relative contributions based on the quality of content in a given period based on factors such as: likes and comments.