|submitted by 3Iias to CryptoCurrency [link] [comments]|
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).The company will be hosting an event in Berlin, see Events below.
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
This is an in depth exploration of one of the most interesting projects in the space. (@ApolloCapitalAU)
"I think that developers in the future are going to base their decision on where to build on the basis of governance and community. And so I look for good governance mechanisms and strong communities in blockchains." (@decredproject)
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
Please note: we will not accept any kind of payment to list an asset.Bithumb got hacked with a $30 m loss.
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
George Cao :Let’s welcome lambda team . Xiaoyang and Lucysubmitted by BitMax_Support to BitMax [link] [comments]
Lambda: Hello friends from BitMax ~~ I am Lucy Wang, Co-founder and CMO of Lambda. I am very happy to e-meet with you here and thx for George's invitation. I on behalf of Lambda wish all of you a merry Christmas and prosperous new year in 2019
George Cao: Great. I am a bit surprised to see a big volume day yesterday Christmas. Seems our users didn’t take a break even on holidays :)
Lambda: I'd like to take this opportunity to introduce myself first, I have over 14 years of progressive career development with global leading enterprise software / service organizations as well as VC-backed start-up ventures, including HP, Oracle, and SAP. Before Lambda I was CMO/GM at two enterprise SaaS start ups in China backed by top VCs.
And my partner Mr. He Xiaoyang, who is the founder of Lambda, he is a well-known expert in infrastructure and open source software in China. Prior to Lambda, he was the co-founder of OneAPM, a fast-growing infrastructure software focusing on ITOM (IT operation management) in China. OneAPM is known as the “New Relic or AppDynamics of China” and the company has received strong VC backing from Matrix Partners, Chengwei Capital, and Qiming Venture. Prior to his entrepreneur experiences, Mr. HE worked at BEA as a R&D software engineer. In addition, Mr. HE is also a blogger with strong following in China and some of his articles have been published by major media such as Forbes China, 36Kr, Sina, etc.
Lambda idea was born at the end of year 2017 and the product development started from the beginning of 2018. Now let me talk about Lambda idea and what we do
Lambda, is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.
In recent years, there have been frequent data leakage problems in major Internet platforms at home and abroad, and even business giants such as Facebook and Marriott have not been spared. Returning the value of data to data owners is an inevitable trend in line with human pursuit of freedom. The block-chain technology with P2P features provides an opportunity for this, and this area will be highly valued by the industry in the next few years. Lambda is the only provider of block-chain storage infrastructure projects in China. It is sometimes referred as “File-coin of China”or “File-coin 2.0”.our vision is to return the value of data to the data owner, with this vision in mind, our mission is to promote the decentralization of the Internet, with the goal of creating a storage infrastructure for the next generation of block-chain.
After the Lambda project launch in early 2018, it has received strong support by well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10M.
n all the existing decentralized storage projects that are aiming to give a solution to this problem worldwide, Lambda is the first ever to announce its LPDP ( Lambda Provable Data Possession )
George Cao: I see we share several investors in common, So 2019 q1-q2 will be a big milestone for lambda
Lambda: Provable Data Possession (PDP) and Proofs of Retrievability (POR) are critical to efficient decentralized data storage and its implementation, which is the essential difference between centralized network projects and real decentralized storage. Prior to Inter-planetary
File System (IPFS), Lambda launched its minimum viable product (MVP) of core functions in the third quarter of 2018, and has been continuously upgrading and optimizing this in block-chains in a multi-role environment.
File-coin is our main competitor, here is a chart shows the progress comparison FYI
For those who have interest to know more about Lambda's technical innovations, they can be find in our keep updating FAQ document posted on Medium, and I copied her FYI
1.Innovatively designed the Validator role which provides verification service for storage proof and the Validator replaces storage miner as the full-time storage proof result verifier, this greatly improves the performance of the storage and retrieval system.
2.In response to the limitations of the PDP algorithm, Lambda innovatively created a consensus network on the block-chain and used the validators role to replace the "TPA" in the PDP algorithm.
3.Innovatively modified the PDP algorithm from synchronous to asynchronous communication, which greatly reduces the communication traffic for Challenge in the system. Use of chain data as a random seed for storage miners to issue Challenge themselves addresses the randomness of TPA challenges.
4.Innovatively upgraded the PDP algorithm from periodic verification to a verification set generated by the miners to submit the verification result at one time, and fully realize the Proof-Of-Space-Time verification.
on top of all the technical, Lambda creates a consensus network where data can be stored, storage space can be rented on the basis of a marketplace built on block-chain.
In the Marketplace, the transaction process is: storage miners pledge hard disk sectors to the consensus network, and place orders and sell their own storage space in the Marketplace; storage users initiate purchase requests, complete the matching of storage requests through the Marketplace, and store data in the space of the storage miners.
Different from other block-chain applications, Lambda is a storage mining project, we have miners mine on Lambda network. Earn LAMB tokens by contributing on the network, and users who have data storing requirements pay Lamb tokens to purchase services accordingly.
The price of Lamb token not only rely on the exchanges but also supported by our miners who are doing works on the network.
There are four roles in the Lambda mining network: storage miners (providers of storage space), verification miners (ensuring the integrity and security of data and packaging transactions), retrieval miners (providing download bandwidth), and users (storage buyers). 1024 verification miners promoted from storage miners constitute the Lambda-chain consensus network. So you will see three types of miners serve our users from all over the world.
The key milestones we are looking at is the launch of test-net, where miners can start mining and earn testing Lamb tokens, the date will be around end of Jan. 2019 and main network will go live in Q2, 2019, most likely in Apr.
Regarding our partnership, In the academic field, we have established a strategic partnership with Beijing Institute of Technology (BIT), which is well known in China for its engineering and computer science research programs, to conduct research into centralized storage.
In the commercial field, Lambda has established a strategic collaboration with IOST, a well-known public blockchain project, and Perlin, a super computing platform, and started to conduct pilot projects for decentralized application (DAPP) companies such as DATA and BCV. Lambda also has close ties to many leading Internet data centers (IDCs) in China. They join the Lambda network as miners and take advantage of their surplus server capacity to engage in the Lambda network ecology.
Q: Will the rest of the code be open sourced? If so when ?
Lambda: we have released the codes of core function module, the test net codes will be released gradually in Jan. pls stay tuned with our official github
Q: What can Lamb tokens be used for?
Lambda: Lambs are tokens in the Lambda ecosystem, which are mainly used in the following scenarios:
A. Users of services in the Lambda ecosystem have to pay with Lambda tokens.
B. Providers of storage services in the system have to pledge a certain number of tokens.
C. Verification nodes in the system have to pledge a certain number of tokens.
D. Verification nodes can obtain a certain number of tokens as accounting rewards.
E. Storage nodes get a certain number of tokens based on their storage capacity and their service level agreements (SLAs).
F. Other roles in the Lambda ecosystem can also obtain a certain number of tokens based on their contributions.
Q: What more incentives does miner gets to mine or rent storage on Lambda?
Lambda: every miner stars from storage miner on Lambda network, they get paid by providing storage space, when their business getting bigger, system will select the top 1024 storage miners and promote them to validator, who will get block generation rewards from system.
Q: how are the 1024 miners selected? Doesn't this become more centralised?
Lambda: we did a survey to the Chinese miners, they mainly fall into two groups, either are waiting FileCoin to go live with purchased mining machine idle at home or they are doing hard drive or graphic cards mining, which has a high requirement to the hardware standard. To mine on Lambda, you need a mining machine ( computer ) that has big storage space ( because the bigger the higher probability you'll be promoted to be a validator ) and the connection to the internet
Q: How much is initial supply?
Lambda: Lambda did two rounds of fund raising, private investors have a lock up terms of 2+4+4 meaning the first 20% of tokens will only be released 2 months listing on exchange. so on the day one listing till 2 months there will be only around 0.5% initial circulation, and after 2 months, 5% in total. in addition to that, as we are recruiting miners to join our network, actually ppl have been in a situation where they can't wait to mine on our testnet. with the mining mechanism we have, miners need to buy Lamb token to get their mining work started, because a certain amount of pledge need to be made
Q: What partnership will lambda and bitmax have in the future?
Lambda: We value the way BitMax doing things and care about projects, we feel like we found the right exchange to be listed, in particular an initial listing. we will work with BitMax and do some joint campaigns to boost the community
George: We have great chemistry with lambda team.
Q: And are you still primary list in there, I heard the list was delay? Is it related to Huobi?
Lambda: you are right, it is related to Huobi, but one thing you can be assured of is that our initial listing on BitMax wont change, but most likely a joint listing with Huobi.
Q: what about the time of primary list?
Lambda: we will primarily list very soon, we are targeting end of this week, now we are in the middle of some technical integration with Huobi
George: We can assure everyone that our team will do our best to protect our investors and serve our listing projects. The promise does not change whether or not if we co-list with huobi.
Q: We get reward to mine ? Any incentive? For testnet
Lambda: Yes, you have two ways obtain Lamb tokens, buy from exchange and earn more from mining, but firstly you have to buy Lamb on BitMax haha. Are you asking the reward from testnet by mining on it? yes, you will get test Lamb token, and they can be redeemed to Lamb token with a ratio that will be specified shortly. on Lambda official website www.lambda.im, we have whitepaper, besides that we also have economic whitepaper to explain how the lambda economic system runs, on Dec. 28 we will launch our yellow paper where we will demonstrate the detailed technical realization and all the parameter setting for mining on Lambda
Q: What are the implications if a miners rig goes offline or they decide to stop?
Lambda: If miners rig goes off, they will not get the reward from the corresponding generated block, if they do cheating there will be punishment from the system, and if they decide to quit, the pledge will be returned
Q: Lambda planning to have own FS?
Lambda: Yes, FS and consensus network is separate. validators and marketplace are on the consensus network, while Files are in the File System.
Q: Is Lambda GDPR friendly?
Lambda: yes, we are
Q: Hi can u explain what’s the requirements of decentralized data . Do You think big companies will like to use lambda services .... or it’s for medium level enterprises as big companies will go for their in house system with their reliable nodes ...
Lambda: this is a good question, from I seeing it, ppl call out the protection of privacy, it is a trend and it takes steps. Lambda has two big groups of prospects users, one is DAPPs, another is the general industries such as big data, AI, IoT, Games, Financial, etc, as long as they need massive data storage demand, Lambda has the opportunity, data storage is expensive, especially when we are talking about big data, a lot of companies will value the cost in this area very much. currently we have lighthouse customer like DATA, BCV, VVshare, in the very near future, a game that is developed by Lambda team will also go live on Lambda network. from the BD perspective, Lambda will create a satellite network ( you can take it as channel network ) to bring us customers, we have a few reaching out to us already
Q: Why suddenly launched on Huobi
George Cao: I believe lambda team has its own consideration. Projects esp in bear market are facing pressures from different parties. Investors users exchanges. Not everything is under projects control. What we can do as an exchange is to stand by our partners and fully support them down the road
Lambda: thx for the answer
Q: I think you have made a great choice working with bitmax. Bitmax have really helped push new
coins and their site in general with good PR, marketing and reward/airdrop promotions
Lambda: strongly agree with you
Q: GDPR has taken over the EU and the UK so that is very important
Lambda: you are right, so we see to be GDPR friendly, which is one of our differentiator from FileCoin
Q: Being GDPR friendly , European market is a go for lambda
Lambda: I have this plan to develop European market by having a Raspberry program, it is still in planning.
George Cao: Let’s take a last question and move to lambda community:) And as usual we will pick 3 best questions. We will send out 1000 800 and 500 btmx. @lambda do you want to pick 3 questions ?
Q: Recent partnerships are interesting , can you tell us about coming q1 2019 both in terms of technical and marketing developments ?
Lambda: from Marketing side, we are focusing on Chinese miners community and potential European market ( like I said still in construction ) Korean market is another, and US market to go along our compliance path, Lambda has been strictly abide by the regulations. from technical side, the most important task we are targeting is the main network launch as planned
George Cao: Thanks everyone for your time. It’s a great ama as usual. We do have the best community. We will pick 3 winners and we will announce here after we finish ama in lambda community
Lambda: thank you all for your time to participate the AMA, I had a great time with you, see you friends and have a nice day.
George Cao: Hello everyone, Merry Christmas:)
Lambda: Hello Lambdos. Today we have George, the founder of BitMax to join us for the AMA. Let's give him a warm welcome to do a introduction of BitMax
George Cao: I am George Cao, founder of bitmax. I am happy to take the opportunity to talk to everyone here. Thanks to the lambda team. Let me start with a brief introduction about us.
Bitmax.io (btmx.io) is an exchange founded by a group of Wall Street veterans. Unlike most projects, we are kinda of old :) core team are in their 30ish - 50ish. The 10 founding member have combined of 150 years of Wall st experience. I have 10+ yrs of high frequency trading experience therefore I know the trading system well. That’s why our match engine can handle 400k tps per second vs huobi 1000 tps. We want to build an exchange that is transparent, robust, and efficient. While our system is the best in class, we offer the lowest trading fees. We believe the current high commission will not sustain and we will see consolidating of the exchanges with better depth and liquidity and lower commission. We are happy to partner with lambda, one of the best projects in 2018. We are committed to serve the project and the community. Alright, I am ready to take questions. Anything you can ask, as tough as you want :)
Q: Haha nice platform.
George Cao: Thanks. We are young as a platform but we are working to deliver the best
Q: I see reverse mining is new , I used many other mining exchange but all have normal mining . How does reverse mining works?
George Cao: Reverse mining is an innovative approach that helps the exchange and the project in several ways. 1) the concept of reverse mining is by providing liquidity to the exchange, you get a rebate and deduct out tokens from your account of the same valued. You can think of a otc sell our. 2) the benefit is it removes lots of sell pressure from the secondary market. And provides a strong support for the token price. 3) it introduces lots of liquidity to the exchange and benefits all traders
Q: The BTMX used in reverse mining are locked forever?
George Cao: Yes so the total number of tokens are always reducing your
Q: I've really been enjoying using the bitmax exchange so far especially with the low fees and data usage rewards. Does the exchange plan to bring in a shorting function in the near future?
George Cao: Yes we will have margin and futures trading
Q: It was supposed to December right ?
George Cao: We postponed our margin to Jan. The reason is we want to be more careful on protecting margin call protections.
Q: Margin trading and futures is important for BTMX price to drive up
George Cao: Totally agree
Q: Does BitMax have any activities on New Year's Day?
George: We do have multiple promotional events. Including but not limited to airdrops. Please visit our website and stay tuned
Q: I saw the whitepaper of bitmax, can you talk more about your dividends the formula is really hard for me ?
George Cao: Sure 80% of our commission goes to our fee pool. 1/180 of the total pool will be distributed daily. As long as you are a token holder, the current rate we pay is over 100% annually
Q: Oh I see, so the dividends will be smooth, great idea.
George Cao: Yes unlike other mining exchanges have huge volatility on div we smooth our curve
Q: I've also heard there is a mobile app in the works, is this likely to be released in the near future?
George Cao: Almost done. Beta version is in testing
Q: What about the north American, will it be available in the future?
George Cao: We more cleared our legal path for fiat trading in us. Q1 2019 we will launch in the us
Q: Great news I think this will bring a big volume.
George Cao: Yes agree. Our team is excited as well
Q: With promotional Airdrops that require a certain amount of the BTMX token to be held such as The lamb one that has taken place on the exchange this week. Are tokens that are locked for data usage or in cards taken into account when balance screenshots are taken?
George Cao: Yes we will take that into account
Q: When will be the private sale tokens be released ?
George Cao: As soon as we mined 90m we will start to release
Q: So let me get this right .. you give us FREE BTC and ltc and even Lambda EVERYDAY if we hold BTMX and agree to share our data
George Cao: Free usdt btc eth
Q: Wow. In a bear market, Free btc is the best thing ever
George Cao: We share revenue with our users, 90% is usdt. Not sure if you like it:)
Q: also consider adding coins like ADA and few from top 30. People need more coins
George Cao: We are adding stellar and zcash soon
Q: I heard they are insured Unless we give password to someone hehe
George Cao: Yes we are using custodian service
Q: George are our funds SAFU with you? Exchange insurance? I would say it is With the industry giants backing this exchange
George Cao: Sequoia matrix bitmain fbg dhvc are our equity investors
Q: What’s to stop People dumping BTMX token after free btc Or stop capital investor dumping on retailer
George Cao: They get it every day. Why would they dump? All equity investors can not sell on secondary market. They can only to reverse mining
Q: Will margin allow reverse mining instead of normal mining?
George Cao: Not initially
Q: People do irrational things when btc moves Or whales dumping, I heard there was a lock up token or something. To stop this
George Cao: We required lock our tokens to get rewards. You can request to unlock at anytime but it takes 24 hours to process
Q: Binance is developing DEX any plans for BitMax ?
George Cao: Not anytime soon we have a looong to do:)
Q: It's good you have dex in mind , with improved scalability in future maybe bitmax can build good dex
George Cao: Agree
Q: Retail investors are important , George knows it haha
George Cao: We care most of retails
Q: It would help if they also burned or locked tokens up
George Cao: Yes we permanently locked
Q: Seems you have everything thought of.. but how about moving to Malta?
George Cao: We priority US. Once us is clear pretty much everywhere is clear
Q: Doesn’t any exchange cover US right now?
George Cao: Coinbase but they have 0 international coverage and 0 client service
Q: What sort of systems are in place for abnormal/suspicious activity on the exchange?
George Cao: We prohibit self trading. For unusual trading behavior we ban the account and as for explain in the first violation. For continued violations we permanently ban the account
Q: can we get a glimpse of mobile application ?
George Cao: There is a beta version you can use but we are keep improving
Q: What are the precautions taken to prevent wash trading ?
George Cao: We have pre trade and post trade checksums. E.g we don’t just scan one account. We check or related account
Q: Will market orders and stop-loss orders be available in the future?
George Cao: Yes we are working on it
Q: what do you think of lambda project and community
George Cao: Lambda is definitely one of the best projects this year. We have been working with lambda for months and have lots of respect ion for the team. Community is also great very well organized. I didn’t talk much but I joined lambda tele group for a while. Great interaction
Q: So the trading starts at 8 pm ETC?
George Cao: It’s postponed. Please stay tuned for announcements
Lambda: We will make announcement giving out time and new date.
Q: when please? It's also more professional to be able to give dates and respect them
Lambda Cao: we are working hard and aiming the date of Dec. 29, pls stay tuned, thank you
George: Unfortunately bitmax and lambda don’t have 100% control of the date and time. Huobi is holding the ball
Lambda: The listing dates have been postponed and we don't want to give out a random date. I request you to have patience and wait for official announcement
Lambda: we will try everything to protect retails interest
Q: Can’t let houbi just arrive late to the party?
Lambda: in the long run we may need Huobi to help us better protect us all
George Cao: We trust lambda team can make the best decision for all investors
Q: Have you been busy with listing recently? Anything else？
George Cao: We have been working 24 hours a day including Chris eve :) Listing and app and margin and lots of new improvements
Q: Why would we need huobi with bitmax on our side.
George Cao: Trust me we are as upset. However as an exchange our mission is to serve projects and investors. Please join us in fully supporting any decision lambda team made. We have 100% confidence in lambda
Q: Are you familiar with the REKTbot and SYSTEM OVERLOAD problems at bitmex
George Cao: Yes but still bitmex is the best place to trade future compare with okex
Q: Slap that Hayes fool when bitmax start margin and futures..
George Cao: Haha i don’t want to declare war with them. Let’s be a bit patient :)
Q: Could bitmax handle That volume and not system overload
George Cao: We are 100% confident
George Cao: Alright i have to run for another meeting. It’s been a great ama. Thanks everyone. For any trading related questions please contact our client support. We promise to get in touch in 5 mins 7/24. Thank you all!
Lambda: thank you for participation, have a nice day!
submitted by KrisP85 to Tomochain [link] [comments]
This post is intended to provide an overview of TomoChain, including all relevant links and frequently asked questions. I have compiled the information below, as well as FAQ’s and answers based on papers, AMA’s, team answers in telegram etc.
There is a lot of information, if you are new to TomoChain I recommend reading the Elevator Pitch and then skipping to the FAQs before tackling the papers. For those that want to jump straight in to the heavy stuff, I recommend reading the technical paper, then the economic paper and sharding design paper.
There is no price discussion, charts or buy recommendations below, it is simply a compilation of all available information and resources. This post will continue to be updated. Disclaimer: I own some Tomo.
Updated: 24th October 2018
TomoChain Elevator Pitch:
What is TomoChain?TomoChain is a public EVM (Ethereum Virtual Machine) compatible blockchain with the following advantages: low transaction fees, fast confirmation times, double validation, and randomisation for security guarantees.
TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain, and other current blockchain platforms. TomoChain relies on a system of 150 Masternodes with a unique Proof of Stake Voting (PoSV) consensus that can support near-zero fee and 2-second transaction confirmation times. Security, stability and chain finality are guaranteed via novel techniques such as double validation, staking via smart-contracts and “true” randomisation processes.
TomoChain supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers. New scaling techniques such as sharding, EVM parallelisation, private-chain generation, hardware integration will be continuously researched and incorporated into TomoChain’s masternode architecture — which will provide a scalable smart-contract public blockchain for decentralised apps, token issuances and token integrations for small and big businesses.
Tomocoin (TOMO) is the native token for the Tomochain infrastructure.
“I think it is important to focus on TomoChain’s own strengths, and look for the ‘blue ocean’ instead. The world is a pretty big place, and startups often kill themselves because they cannot make a desirable product, not because of the competition. At the moment, aside from the core TomoChain platform, we want to focus on a few quality Dapps with use cases that can make a difference. Quality > quantity. I also think our core blockchain solution like the state sharding proposal is of very high quality, and potentially better than multiple high profile attempts at scaling currently. This solution is also very unique to the TomoChain masternodes design, which will remain our competitive product advantage for a long time. There are also several other product solutions in design stages, which also integrate with TomoChain’s overall design. These product innovations are some of the core competencies we have that make TomoChain very unique compared to other big projects.”
RoadmapQ3 was a busy quarter for TomoChain, successfully launching testnet 2.0 — as well as the Testnet wallet, Tomo Scan, Tomo Master and Tomo Stats. Additionally the walk-through for setting up a Testnet Masternode was released and there are several test nodes currently running.
The draft sharding design paper was also released — which outlines how sharding will be implemented using TomoChain’s unique masternode architecture. It is well worth a read.
Mainnet is due to launch this quarter (Q4), likely late Novembeearly December.
TomoChain Official Sources
TomoChain Tech Blog
List of Videos/Interviews
Frequently Asked Questions (FAQs)
2. What scalability solutions is TomoChain working on? Will you implement sharding?
In short - yes, sharding is one of the primary scaling solutions we are working on. The sharding design paper can be found here.
However there are also other scaling techniques continually being researched, such as:
3. When is TomoChain mainnet?
Mainnet is scheduled for Q4 2018, likely end November or early December.
4. How does TomoChain aim to differentiate itself from other blockchains?
Whilst TomoChain is a fork of Ethereum, it aims to develop it’s own unique ecosystem and infrastructure. At it’s core, TomoChain proposes Proof-of-Stake Voting (PoSV), a Proof-of-Stake (PoS) based blockchain protocol with a fair voting mechanism, rigorous security guarantees and fast finality.
Proof-of-Stake-Voting (PoSV): Proof-of-Stake Voting consensus enables TomoChain to become an EVM-compatible and scalable public blockchain — PoSV features an architecture of 150 masternodes. The most voted candidates are selected as masternodes for block creation within a period, called an epoch. Each masternode takes its block creation in a round-robin manner every 2s and follows the double validation technique for security reinforcement. A block is finalised if it is signed off by 3/4 masternodes. At the end of each epoch, the masternodes that have signed finalised blocks are rewarded.
Transactions per second (TPS): With our proposed PoSV consensus protocol, TomoChain can reach at least 2,000 TPS whilst still enhancing security through double validation. With current 2-second block-times and based on current network bandwidth, a transaction in TomoChain can be confirmed within almost 4 seconds. Furthermore, TPS will be higher (aiming for 20–30k TPS) once the sharding solution is enabled.
Double Validation: Double validation provides an additional trustless validation layer for security enhancement. When a block is created by a masternode, it must be verified by another masternode that is randomly selected, before being added to the blockchain. Double validation strengthens TomoChain’s security, reduces fork and nothing-at-stake attacks, and makes TomoChain unique among other Proof-of-Stake-based blockchains.
5. As TomoChain is a fork of Ethereum, can other Ethereum forks copy TomoChain’s sharding design?
Our sharding design is dependent on TomoChain’s unique masternode architecture. It is not compatible with the current direction of Ethereum, or other Ethereum forks, even though other projects are able to take ideas from the design if they wish. The TomoChain masternode community will be very valuable, and difficult to replicate. From a broader perspective, the votestaker community will also be very important.
6. What is the total supply of TOMO? What is the emission schedule?
There is a total of 100,000,000 TOMO. Currently there are 55,000,000 TOMO in circulation.
The total amount of tokens at the genesis block was 55 million TOMO tokens which are currently in circulation. The remaining 45 million TOMO are to be used for:
After mainnet launch, the block rewards are as follows:
7. Will TomoChain have masternodes? How will they work?
Yes, TomoChain will have masternodes, there will be a maximum of 150 masternodes. Masternodes create, verify and validate new blocks in TomoChain’s platform.
Masternode Candidates: Any account can deposit 50,000 TOMO using the official on-chain governance D-app to become a masternode candidate. A candidate can resign, but the tokens will be locked for the next 30 days (1,296,000 blocks) after the resignation.
Becoming a Masternode: A candidate becomes a masternode when he/she belongs to the top 150 most voted candidates in each epoch. A Masternode can resign, but the tokens will be locked for the next 30 days after the resignation.
Rewards: The rewards a masternode receives in each epoch is proportional to the number of signatures it signs. Masternodes will also receive fees from the TomoChain DEX, which is planned for development in Q1 2019.
8. What if I do not have enough TOMO for a masternode, can I stake my coins?
Yes. Token holders can vote for masternode candidates by sending TOMO to each candidate’s specific voting address using the official governance D-app. The top 150 most voted candidates will become masternodes. Token holders can un-vote a candidate, but the tokens will be locked for the next 48 hours (8,640 blocks) after the un-voting.
Masternode token deposits, and all tokens used to vote for masternodes will enter the staking program, and earn block rewards in each epoch, plus any fees. Tokens used to vote for candidates who do not become masternodes will not earn staking rewards.
9. Who can run a masternode? What are the hardware requirements?
Anyone that meets the requirements of 50,000 TOMO can in theory run a masternode. However it will be favourable for the network for those running masternodes to have a long-term vision and provide stability to the network, ahead of hobbyists who may turn nodes off at any time. There is a plan to eventually form a ‘Masternode Council’ to make decisions and provide governance to the network going forward.
Hardware requirements for a masternode (full details here):
10. Why did you change from a maximum of 99 to 150 masternodes?
This change came about post discussions around both decentralisation and scalability. From a decentralisation perspective — 150 is better than 99. Of greater importance however is scalability — a greater number of masternodes will better suit the sharding solution which is being developed.
11. What if I have 50k TOMO but am not in the 150 most voted candidates?
Only the top 150 voted candidates will become masternodes and receive rewards. Though you have the option to continue to work towards being voted into the top 150, or you can stake your TOMO with a masternode to receive staking rewards.
12. What are the projected rewards or ROI for masternodes and stakers?
There is more information regarding this in the economic draft paper, which can be found here.
Please also note, the economic paper is in a draft phase and is not yet finalised.
One example is outlined below.
Scenario: 150 Masternodes, 12.5 million tokens voting, a total of 20 million token locked.
Reward achieved per epoch (900 blocks):
13. Where is TomoChain at with regard to exchanges?
TOMO is available on a number of exchanges at present, these are listed in the exchange section of this document.
TomoChain is currently in discussions with Binance, Bittrex, Houbi and OKex — there is a plan to be listed on at least one big exchange prior to mainnet launch, though this will continually be re-assessed pending multiple variables, including price for listing etc.
14. I have heard that TomoChain is targeting the Japanese market, what does this mean?
TomoChain does plan to continue working in the Japanese market, though it is still early in this process. Having said that, the TomoChain team has made trips to Japan already and attended conferences and had meetings with BCrypto, Soft Bank and Mitsubishi — as well as some other private meetings which will be disclosed in the future. There is a goal to have at least one good project from Japan working on TomoChain by the end of the year.
TomoChain also plans to have an office and representatives in Japan by the end of the year.
South East Asia and Japan are two of the key markets for TomoChain initially, as well as China and Korea.
15. Is your code available to view on Github?
TomoChain will publish the source code of projects (TomoChain, TomoScan, TomoMaster and other activities using TomoChain). This is publicly accessible on Github. You can find it at Github.com/tomochain. For the TomoChain source code, the link is github.com/tomochain.
There is some source code being developed privately on Gitlab.
There is also a Gitter chat available to the public for any technical questions or concerns they may have. It can be found at gitter.im/tomochain/tomochain.
16. Some ICOs in 2018 have reportedly run into problems with finances due to the bear market, how is TomoChain positioned in this regard?
TomoChain has adequate funding to continue development for the next 3–4 years as planned, irrespective of market conditions.
17. How does TomoChain compare with other available blockchain projects, which blockchain(s) are TomoChain’s main competitors?
On the one hand, all base layer blockchains such as Ethereum, EOS, NEM, NEO, TomoChain etc are competitors because app developers/token issuers will generally choose only one blockchain to work on. On the other hand, it is too early to focus on competition as it is more important to expand the whole blockchain ecosystem rather than to compete.
TomoChain has a unique position in which it adds value to the Ethereum ecosystem by addressing scalability and governance issues while keeping the same smart-contracts and general architecture.
In terms of TPS, 1000 or 1 million TPS are just numbers, if others can do it, then TomoChain will be able to achieve similar in a reasonable amount of time — masternodes will scale very well. Though it is more important to keep in mind what the technical trade-offs are.
18. What exchanges is TOMO available on currently?
TOMO is currently available on:
Binance trading fees are some of the lowest on the market. Binance doesn’t charge users for making deposits. This is because the exchange is cryptocurrency-only. It avoids the high fees that exchanges that offer fiat trading have to charge. Binance charges different withdrawal fees for different cryptocurrencies but they are all quite low. Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges ... Understanding the data you are viewing in charting and market depth is a key part of being able to trade successfully. There is a lot of information presented in a chart that at first glance might not be evident. Our platform provides some great tools to help you, but the subject of charting, analysis and trading is extremely wide and varied. A depth chart for a bid/ask market has two lines, one for BIDs (BUY orders) and one for ASKs (SELL orders). GDAX live chart has an Green line for BIDs (BUY orders), a Red line for ASKs (SELL orders). Again, a line on a chart is simply made up by plotting dots. Each dot on a depth chart line represents how much can be traded at that point. Binance Depth Chart Explained – Crypto Trading – How to Read Binance Depth Chart August 22, 2019 admin Strategy For Bitcoin 11 Depth Chart Binance Explained for Crypto Trading.
[index]          
Binance Depth Chart EXPLAINED - How to Read Binance Depth Chart for Day Trading - Duration: 13:18. Kung Fu Nerd 11,276 views. 13:18. HOW TO DAYTRADE ON CoinbasePro (Free and Easy) - Duration: 7 ... Binance Depth Chart EXPLAINED - How to Read Binance Depth Chart for Day Trading - Duration: 13:18. Kung Fu Nerd 12,688 views. 13:18. Binance - Fees & Support - Save Money Using BNB Coin!! Binance Depth Chart Explained - Crypto Trading - How to Read Binance Depth Chart - Duration: 13:18. Kung Fu Nerd 9,912 views. 13:18. Easily Make $100 Day Trading Cryptocurrency On Binance ... Binance Depth Chart EXPLAINED - How to Read Binance Depth Chart for Day Trading - Duration: 13:18. Kung Fu Nerd 11,871 views. 13:18. A Complete Idiots Guide To The Binance Trading Platform - ... Binance Depth Chart EXPLAINED - How to Read Binance Depth Chart for Day Trading - Duration: 13:18. Kung Fu Nerd 13,643 views. 13:18. Binance Exchange Tutorial 2020: How To BUY And SELL ...