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TomoChain Announces Major Upgrade with TomoZ Protocol
TomoChain, a scalable blockchain platform that offers fast and low-cost transactions, has recently announced a major upgrade with its TomoZ protocol. The new protocol aims to further enhance the scalability and usability of the TomoChain network, and is expected to drive more adoption of the platform.
What is TomoZ Protocol?
TomoZ is a new protocol that allows users to conduct feeless transactions on the TomoChain network. This means that users can send and receive tokens without the need to pay a transaction fee. Instead, the fees are paid by the smart contract creator in the form of TOMO, the platform’s native cryptocurrency. This not only eliminates the need for users to hold multiple tokens to pay for transaction fees, but also lowers the barrier for entry to using the TomoChain platform.
The Benefits of TomoZ
By eliminating the need for users to pay for transaction fees, TomoZ makes it easier for new users to join the TomoChain network. Additionally, the reduced transaction costs makes it more affordable for businesses and individuals to conduct transactions on the platform. This is particularly beneficial for peer-to-peer transactions, as it encourages more users to participate in the TomoChain ecosystem.
Another benefit of TomoZ is that it improves the scalability of the TomoChain network. This is achieved by reducing the amount of data that needs to be stored on the blockchain. Since the transaction fees are paid by the smart contract creator, there is no need to store the transaction fees on the blockchain. This means that more transactions can be processed on the network.
Increased Adoption of TomoChain
The TomoZ protocol is expected to drive more adoption of the TomoChain platform. With the new protocol, the platform is more accessible to new users and provides a more affordable and scalable solution for businesses and individuals. This could attract more developers to build decentralized applications (dapps) on the platform, which will further enhance its ecosystem.
TomoChain has already seen success in attracting developers to its platform. In 2018, the platform held a dapp competition, which attracted more than 50 teams to participate. This resulted in the development of several high-quality dapps on the platform, including a decentralized exchange and a blockchain-based social network. With the addition of the TomoZ protocol, TomoChain is poised to attract even more developers to its platform.
Conclusion
The introduction of the TomoZ protocol is a major milestone for the TomoChain platform. It not only improves the scalability and usability of the network, but also lowers the barrier for entry to using the platform. With the addition of the protocol, it is expected that more businesses and individuals will adopt the platform, which will drive the growth of the TomoChain ecosystem.
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