TomoChain founder and CEO Long Vuong joined CryptoSlate for an interview to discuss how he is building a smart contract platform with high transaction throughput, low latency, and "Near-zero" fees.
He also elaborates on the differences between his blockchain and Ethereum, EOS, and TRON.Primer on TomoChain.
TomoChain is a blockchain protocol based out of Singapore that advertises itself as secure, low latency, and "Near-zero" fees, primarily positioning itself as a contender with Ethereum.
Currently, the project is ranked 112th based on market capitalization.
The protocol relies on a system of 150 master nodes and takes advantage of a "Proof of stake voting" consensus mechanism.
Other interesting aspects of TomoChain include several purportedly "Novel" techniques for increasing chain finality-a feature which reduces the likelihood of double-spend and 51 percent attacks-through block double validation and the use of a randomization process for selecting validators.
The founder of TomoChain, Long Vuong, is a Vietnamese entrepreneur who studied business and commerce, receiving his master's degree in economic development from the International Institute of Social Studies of Erasmus University Rotterdam.
He went on to become a PhD candidate at the University of Massachusetts.
Overall, based on statements from Vuong, TomoChain appears to be another project that is attempting to carve out a niche in the competitive protocol-level blockchain space.
TomoChain Founder Long Vuong Describes His Blockchain's Advantages over Ethereum, EOS, and TRON
Published on Feb 28, 2019
by Cryptoslate | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.