[Partnership] Portal Network x TomoChain

We are pleased to announce a new partnership between Portal Network and TomoChain, a blockchain solution designed to scale.

About the Partnership

We will work closely to establish the blockchain name service standard on top of TomoChain, and we firmly believe that this will support the overall user experience and user adoption.

About Tomochain

TomoChain is working on Ethereum codebase to create a system of Masternodes. This infrastructure provides high bandwidth processing power, which can vastly improve the transaction volume and execution speed at nearly zero transaction fee.

Compatible with EVM-based smart contracts, the TomoApp is where the Ethereum blockchain and TomoChain align. Tokens can be managed within their dedicated digital wallet, TomoWallet, which is secure and easy to navigate, and users can interact with each other with the built-in messaging feature. All of these features are within the TomoChain ecosystem that accessible through one users account.

What is TNS (TomoChain Name Service)

TNS, which stands for TomoChain Name Service, is a domain name service governed by smart contracts that transform human-comprehensible decentralized website names, such as ‘mywebsite.tomo’, into addresses that can be understood by the decentralized network machines.

TNS eliminates the need to copy or type long hexadecimal cryptocurrency addresses. With TNS, users can send tokens to their friends using a human-readable address like ‘myfriend.tomo’, instead of a default address like 0xef73db5d0ad02eb1fadb…’. Users will also be able to interact with a contract at a human-readable address like ‘mycontract.tomo’ or visit a swarm/IPFS-hosted site at a domain like ‘yourdweb.tomo’.

Furthermore, all the built-in features in TomoChain will be accessible now with a meaningful name that the user choose, such as “mybusiness.tomo”, opening up more options and potentials for business to have branding and commercial usages on the TomoChain platform.

What to expect

Once Portal Network’s BNS standard is deployed on TomoChain, users can bind their wallets and DApps with a name they favor, thus avoid human errors while making transactions and exchanging messages. We will also work hard on building multiple surrounding products such as marketplace, browser extension, KAIZEN and many more. These product suites will allow both technical and non-technical users to create, deploy, and experience decentralized websites and applications.

The partnership with TomoChain will surely mark an important step towards the development of modern token economy. We are excited for this partnership and will continue to bring more updates regularly.

Thank you for reading.

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