What is Tomochain?
Tomochain is a general purpose smart contract platform. It enables developers to build high-performance decentralized applications (dapps) with the focus of speed, privacy, ease of use, and decentralization. Due to the efficiency on Tomochain using the Proof-of-stake Voting (PosV) consensus algorithm, transaction fees are relatively low and confirmation time are much faster.
What are some of the key features of Tomochain?
Tomochain is scalable allowing up to 2000 transactions per second with 2 second block time. This means that token transfers or smart contract executions can be done quickly to facilitate key transactions. Smart contracts on TOMO are also EVM (Ethereum Virtual Machine) compatible in which Ethereum developers can easily deploy their smart contracts on Tomochain as well.
There is also an array of products launched by the Tomochain team that provides add-on functionalities such as TomoP for privacy and TomoDEX for token exchange.
How do I stake my TOMO?
If you have TOMO, it is key to stake them on a masternode that validates block. This is because TOMO is an inflationary cryptocurrency and staking would shield your holdings from inflation.
You can see a list of masternodes on Tomo Master and step by step guides can be found at https://tomochain.com/tomo-staking/
As a developer, where can I get more information about developing dapps on Tomochain?
If you are a smart contract developer who have written solidity code on Ethereum before, then getting started on Tomochain is relatively straightforward. The developer hub provides essential information on ways to get started.