Ninjastic
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Board Altcoin Discussion
Re: What is TomoChain?
by
Fundamentals Of
on 21/07/2020, 13:06:45 UTC
Quote from: ArmyJune on Today at 04:10:30 AM
Quote from: Fundamentals Of on Today at 03:57:48 AM
Quote from: phucdt on July 20, 2020, 05:02:21 AM
I'd prefer to say that TomoChain is an innovative version of Ethereum.
You can find out that moving dapps from Ethereum to TomoChain has never been a big problem. Everything is the same. But here's the key: TomoChain has 2000 TPS meanwhile Ethereum, well, you know the number.
Furthermore, the transaction fee in TomoChain is incredibly low. You don't have to pay an insane amount of gas fee just for moving your crypto. That's how blockchain should be.

However, it is not just about which blockchain offers the lowest fees. If this is all about this specific aspect then Bitcoin should have been relegated to the lowest rank a long time ago.

The cryptocurrency competition is not just a war of TPS.

Agreed. But the OP said it is just one of the solutions that TomoChain offers. Apart from fees and TPS, i think it is essential to let users pay fees in their own token. Therefore you don't have to do any extra step that can cost you more such as swapping token on the exchange or so. Developers can also feel free to create more Dapps so that it could bring blockchain closer to mass adoption.

More often than not, people buy Bitcoin first and then convert them into the particular tokens or altcoins they want or need. If every application creates its own token then that would just add layer after layer of conversion.

Why don't apps just accept Bitcoin as its main currency? Does every app need to create their own token? Things will get messy if this is the case. Not to mention that these tokens are also added to the market for trading and therefore adding additional risk of having another token possibly losing much of its value over time.