He highlighted TomoChain’s already impressive transaction speeds at 1000TPS, 150-plus master nodes, and lower fees to boot.
TomoChain’s mainnet launched in December 2018 and has been slowly gathering traction. Vuong firmly believes that his Singapore and Vietnam-based company can provide a viable solution for Ethereum’s scalability woes.
Ethereum Contracts Can Easily Transition to TomoChain
TomoChain is certainly an interesting prospect, centralized piece of trash or no. It already features 150 masternodes, with a Proof-of-Stake voting consensus method, low fees, and almost instant transaction confirmation.
More importantly, TomoChain is Ethereum Virtual Machine-compatible (EVM). This means that contracts written in Ethereum can be ported to TomoChain without friction.
This could give struggling ETH DApp developers another way of bringing their projects over the finish line.
Since its well-publicized scaling issues, many ETH DApps are practically inactive with 93% of them reporting zero transactions in 24 hours last week. If projects like TomoChain start picking up speed, they may just give Vitalk a run for his money.
Will other platforms unseat Ethereum when it comes to smart contracts? Share your thoughts below!
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