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Tomochain x Binance AMA Recap

admin by admin
19 Tháng Mười, 2019
in AMA, Binance, Tin Tức
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Tomochain x Binance AMA Recap
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18h ngày 19/10/19, dự án #Tomochain đã tổ chức buổi AMA trên nhóm telegram của Binance English. Dưới đây là văn bản ghi lại nội dung chính của buổi AMA.

AMA chia làm 3 phần như thường khi:

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Phần 1: Richie sẽ hỏi anh Long Vuong 5 câu hỏi

Phần 2: Anh Long sẽ đặt 5 câu hỏi và đường link tới google form để mọi người điền câu trả lời và thông tin nhận thưởng. Tổng thưởng là 9450 $TOMO

Phần 3: Cộng đồng sẽ đặt câu hỏi gửi tới anh Long, 5 câu hỏi hay nhất sẽ nhận mỗi người 110 TOMO

Nội dung chi tiết

PHẦN 1: RICHIE HỎI ANH LONG VUONG 5 CÂU HỎI

Câu 1: Among different blockchains and cryptocurrency projects, what are some key features that set TomoChain aside? What does TomoChain have that other projects don’t?

Thanks Richie, some key features which set TomooChain aside include:

PoSV consensus: TomoChain uses an innovative consensus method called POSv (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Our staking-governance Dapp, TomoMaster, is recognized as one of the leading staking platforms in the industry.
With our PoSV consensus protocol, TomoChain provides:
At least 2k TPS while still enhancing security through Double Validation
2-second block-time and transaction confirmed within almost 4-second
Significantly improvement of user experiences and adoption of blockchain

Double Validation and Randomization: Strengthens Tomochain’s security, reduces fork and nothing-at-stake attacks, and makes TomoChain unique among other Proof-of-Stake-based blockchains.

EVM compatible: Every Ethereum smart contract can be effectively run with almost instant transaction confirmation.

Rich set of our own products: that enable a variety of platforms for end-users to interact seamlessly with blockchain technology, including TomoWallet, TomoMaster, TomoScan, TomoZ, TomoX.
TomoZ — Zero Friction Protocol — the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token the user is holding
TomoX — a secure and efficient relayer-masternode decentralized cryptocurrency exchange protocol that empowers a diverse system of relayers, MM providers, and independent projects to work together.

Lastly, token privacy on TomoChain will be forth-coming in 2020, and the details for implementation will be revealed in a due course.

Câu 2: Since mainnet’s launch 10 months ago, what are some key achievements for TomoChain? And does TomoChain has any plans to keep up with this productivity in the future?

Since our mainnet launch, TomoChain has continuously to build our ecosystem strong and stable, resulting in:

50% TOMO staked in the smart-contract for the masternode governance system
16 active dapps build on top of TomoChain and almost 6000 monthly active users, with a variety of new games and dapps being created.
TomoZ’s mainnet launch, a protocol that allows users to pay transaction fees with their own native token without having to hold TOMO, as well as to help users create their own token in 2 minutes. After the launch, a number of token with TRC21 standards has been made through TomoIssuer.

Câu 3: Which area does TomoChain focus on at the moment? (DeFi, Dapps,..) and which products/projects are you developing to support it?

Thanks Richie. TomoChain aims to build a safe and credible DeFi system that everyone can benefit from globally, with our recent launch of TomoZ – fees by any token protocol, our decentralized exchange protocol TomoX coming in a couple of weeks, and many more projects in plan for the future.

We also focus a lot of gaming segment. TomoChain’s most recent Dappathon Competition just ended, with 9 final contestants who’ve brought a whole new gaming experience for our community. Thus, many new games are coming up on our platform, encouraging even more developers and game lovers to join. So keep an eye out to try out some of our new games!

Câu 4: TomoChain has launched TomoZ’s mainnet in August. Can you elaborate on the product and comment on the amount of interest with individuals/businesses you’re seeing in this product?

TomoZ — Zero Friction Protocol — provides inroads to mainstream users who find crypto to be unnecessarily complex. It is the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token that the user is holding.

TomoZ removes the friction of having to hold native blockchain coins/tokens to send to other wallets or to interact with dapps. Users/customers of all businesses using our solution will have a smooth experience without even knowing that they are using the blockchain and cryptocurrency technology.

Tokens issued with the TomoZ protocol follow a new standard called TRC-21 (TRC is the abbreviation of TomoChain Request for Comments). Everyone can create a TRC-21 token on TomoChain in a few clicks using TomoIssuer — a user-friendly token issuance dashboard. No need to spend thousands of USD hiring blockchain developers.

For DeFi apps, TomoZ can be tailored for issuing stablecoins. Digital wallets and payment systems can be set up via TomoZ protocol very fast and cost-effectively.

Câu 5: The testnet of your flagship product – TomoX – the DEX protocol is to be rolled out soon. What sets TomoX apart from other DEX protocols?

TomoX Testnet is to be launched in a couple of weeks. TomoX Protocol is our relayer-masternode decentralized cryptocurrency exchange protocol. Compared to the current state of the art DEX architecture, TomoX Protocol has quite a lot of advantages, which have been described in detail in our paper (http://bit.ly/33EgSl7), the most notable are as follows:

Performance: TomoX Protocol is integrated into the core TomoChain blockchain consensus layer, which can potentially handle many thousands of transactions per second. Furthermore, with the Relayer-Masternode architecture, the heavy computational load of the matching engine in masternodes can be substantially moved to Relayers’ local matching engine. Performance of the TomoX Protocol can therefore potentially be an improvement when compared to most of the existing DEXs.

Liquidity: This is a chicken and egg problem. Traders do not join most of the existing DEXs because there are not enough orders on these DEXs to match. With the Relayer-Masternode architecture, each relayer can focus on understanding their relevant markets and trading pairs – thus the potential for better and targeted marketing strategies to attract more traders to participate in the ecosystem.

Full decentralization: Most of the existing DEXs are semi-decentralized. TomoX Protocol, on the other hand, is fully decentralized because the order book database, matching engine and trade execution mechanism is decentralized to all masternodes. This decentralization power in TomoX can significantly reduce front-running risks that currently appear in some centralized exchanges or semi-decentralized exchanges.

PHẦN 2: ANH LONG ĐẶT 5 CÂU HỎI GỬI TỚI CỘNG ĐỒNG

Câu 1: When was TomoChain listed on Binance?

Đáp án: 24/08/2019

Câu 2: Which TOMO trading pairs are available on Binance.com?

Đáp án: TOMO/BNB, TOMO/BTC, TOMO/USDC, TOMO/USDT

Câu 3: What is the name of TomoChain’s consensus?

Đáp án: Proof of Stake Voting (PoSV)

Câu 4: Name TomoChain’s most recent product and its mainnet launching date?

Đáp án: TomoZ — with Z standing for Zero — is the new protocol enabling holders to transfer TomoChain-based tokens without using TOMO as the transaction fee.

The mainnet is available on 20th August 2019.

Câu 5: The testnet of which TomoChain’s product will soon be launched?

Đáp án: TomoX

PHẦN 3: CỘNG ĐỒNG SẼ HỎI ANH LONG

Một số câu hỏi hay được lựa chọn để trả lời

Câu 1: Vietnam has very few successful projects, what is the problem? Does TomoChain have any plans to support other projects in Vietnam and contribute to building a stronger Vietnamese community?

I consider TOMO and TomoChain is a success given we have a strong and decentralized community of Masternodes and stakers securing the chain 24/24 every single days. Further more, good things take time to happen. Bitcoin also took a few years to have some values. Comparatively TomoChain would need more times to develop and mature.

Câu 2: Which blockchains are TomoChain’s main competitors?

I think public chains with smart-contracts like Ethereum, Tron, EOS do have some competition. But the space is in an early stage now and it is better to focus on our own community, products, and technology.

Câu 3:

⭕️What can Tomo do that no other projects can do in the blockchain space?

⭕️Can you tell us about the Masternode incentive model?

Trả lời: PoSV consensus is our own unique innovation and is ahead of of competitors a few years. Masternode community is the foundation we build upon with protocols like TomoZ, TomoX.

Câu 4: When looking back at your time working for TOMO, what are you most proud of ?

It is a bit too early to say atm. But I think we has a strong core team that works well together. The team’s performance is actually getting better and better overtime. It is a joy of working with our colleagues and TOMO’s communities.

Câu 5: What are the main difficulties encountered when starting this TOMO project? And what is the motivation for continuing this project?
thank you

I think TomoChain will deserve a spot in crypto industry history. We will continue to work and innovate. The biggest challenge is about getting the due recognition for the works we put in. But that’s okay as we can come out ahead in the end 🙂

Câu 6: If Ethereum figures out their scaling issues, then projects like Tomo will not be able to compete. How will you respond to it?

That’s no issue actually. There are other dimensions to compare such as blocktime. TomoChain has 2 s blocktime while Ethereum’s is about 15s which makes TomoChain more suitable for gaming and other activities needs fast interaction. Communites and focuses can be very different too.

Câu 7: Focusing on game development on blockchain is TomoChain’s direction in 2019, so do you have any plans to collaborate with game developers? And is Tomochain’s database system sufficient to meet the needs of game development?

We are working closely with a few gaming studios/ teams at the moment. For gaming, TomoChain is more suitable than other major public chain like Ethereum because of the fast blocktime. TomoChain can sufficiently handle major games at the moment.

Câu 8: There are 3 core issues prevalent in crypto and blockchain: Security, Interoperability, and Scalability. How does TomoChain plan to overcome these issues?

TomoChain’s mainnet has been live since December, 2018. It is currently Secure, Decentralized and Scalable. Most of our performance gains are from PoSV consensus engine.

Câu 9: Among some technology key points such as: Sidechain, Privacy, Shardchain, how far are Tomochain going in each aspects at the moment? What are your main focus in terms of technology at the moment?

Side-chain technology is doable (can be designed and built) but we focus on the mainchain at the moment. Sharding has some serious drawbacks as inter shard communication can break smart-contract composability and it is very seious issue. The next major research area we are working on is privacy.

 

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Tags: AMABinanceRecapTOMOTomochain
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