Unveiling tomiChain: The Next Frontier in Blockchain Scalability and Innovation

Today marks an extraordinary leap in blockchain evolution — the announcement of tomiChain, our revolutionary Layer 2 scaling solution.

Against the backdrop of an ever-evolving blockchain industry, where the pursuit of scalability meets innovation, we stand at the threshold of a new era with the introduction of tomiChain. This significant unveiling is not just a step, but a giant leap forward in the quest for a blockchain ecosystem that truly scales, operates with efficiency, and opens a world of possibilities for users and developers alike.

tomiChain is the result of our combined efforts, as we teamed up together with zkSync and ANKR in a joint effort to build and create a pioneering Layer 2 solution that channels our unwavering commitment to unlocking Ethereum’s full potential on the global stage. It overcomes the fundamental challenges that have been barriers to mass adoption, ushering in a realm of usability, affordability, and speed that sets new standards for the blockchain industry.

tomiChain isn’t just another Layer 2 — it’s a paradigm shift. By tackling the most pressing issues like usability, prohibitive transaction costs, and sluggish speeds, we’re not just scaling Ethereum; we’re redefining what it can be. Picture this: lightning-fast transactions at a fraction of the cost, without sacrificing the decentralized ethos Ethereum is known for.

The Ethereum Bottleneck

Ethereum, the bedrock of decentralized applications (dApps), has faced its share of scalability trials. As the network grew in popularity, so did the costs and congestion, becoming a victim of its own success. The practical implications have been stark: during periods of high demand, gas fees have skyrocketed to $10, $50, or even more, pricing out a substantial portion of the user base. Such exorbitant fees have been particularly burdensome for smaller transactions, effectively excluding a significant portion of potential users and innovators from participating in the Ethereum ecosystem.

Moreover, users and developers have been grappling with slow transaction speeds and rigid business models that stifle innovation. These constraints have tethered the true potential of decentralized technologies, creating friction that deters mainstream adoption and leaves the vision of a decentralized world only partially realized. As gas fees have emerged as a critical bottleneck, the pressing need for an evolved blockchain infrastructure that can handle the demands of a growing user base without compromising on cost-efficiency has become more apparent.

In this light, tomiChain isn’t just a necessary evolution; it’s a timely response to these persistent challenges. By redefining the gas fee structure and enhancing transaction turnout, tomiChain stands poised to remove the barriers that have hindered blockchain’s march towards mass adoption.

tomiChain’s Breakthrough Solutions

Confronting this backdrop characterized by limited processing speed and excessive fees, tomiChain emerges as a beacon of innovation that goes beyond. By revolutionizing transaction speed, we offer a turbocharged experience with over 2000 transactions per second, leaving behind the snail-paced 15 TPS of Ethereum. This is not just about speed; it’s the promise of a fluid, seamless blockchain reality.

The gas fee problem, long plaguing Ethereum’s network, gets a strategic overhaul in tomiChain. First, we implement a distinctive separation of fees: one part for computation and another for transactions. This division ensures that applications operate more cost-effectively, without the extra charges that traditionally accompany complex computations. This means that when you perform a transaction that doesn’t require complex computations, you wouldn’t be paying the same high fees as you would for a transaction that does involve complex smart contract interactions. It’s designed to ensure that you’re only paying for the computational resources you actually use, potentially saving you from the inflated fees that arise when both are mixed together in a single charge.

Second, we introduce a shared gas fee model that equitably distributes the cost among key stakeholders, reflecting our pledge to foster a balanced and flourishing blockchain ecosystem:

• 40% of gas fees funnel back into the very core of tomiChain, ensuring robust maintenance and continual scaling of the network infrastructure. It’s a reinvestment into the platform’s backbone, reinforcing its strength and resilience.
• 40% are distributed to the token creator, a gesture of recognition for their ingenuity and contributions that enrich the web3 space. This economic model is designed to stimulate an environment that encourages digital asset creation and distribution.
• 20% are reserved for developers of the wallet that started the transaction, creating a righteous circle that rewards those who not only use but also expand the tomiChain network. This recognizes and supports the role of developers in growing the tomiChain’s reach and facilitating user engagement.

These two parts break down the financial barriers, opening up a new playground for developers to experiment and innovate without being hindered by prohibitive costs. Each percentage allocated is a testament to our comprehensive strategy, ensuring that every contributor to the tomiChain ecosystem is recognized and rewarded, propelling a self-sustaining cycle of innovation and growth.

The multi-token transaction capability is an industry standout, poised to change the game. Imagine the efficiency of bundling several token transfers into one — whether it’s a blend of NFTs and cryptocurrencies or a diverse asset portfolio moved in unison. This unprecedented feature is set to simplify the complex, paving the way for smoother and more dynamic asset management.

Integral to tomiChain’s architecture is the integration with the Data Ownership Protocol (DOP), empowering users with sovereignty over their personal data. Every interaction becomes a choice, with fine-grained control over what information is shared. This isn’t just a feature; it’s a statement — a testament to our commitment to data ownership and empowerment in the blockchain space.

For the Innovators and the Dreamers

Developers and businesses, prepare to be empowered. tomiChain equips you with the tools and freedom to build consumer-grade apps and tokens, streamlining the onboarding process to a degree previously unimaginable. Here, the landscape of monetization is vast and varied — dive into the creation of intricate subscription models, implement automated and scheduled payments, and leverage both push and pull methodologies to achieve financial ingenuity.

Your ability to iterate and experiment won’t just be rapid; it will be revolutionary. Encouraged by a large, engaged user ecosystem, your creations will have the audience they deserve, ready and eager to participate.

And for the end users, tomiChain is carving out a space where control and convenience coexist. Imagine a world where you dictate the terms of your data sharing and monetization with precision. Access to innovative dApps becomes commonplace, transforming how you interact with the digital world.

Through tomiChain, both creators and consumers are handed the reins to a future where the scope of what’s possible extends with every transaction, every shared piece of data, every newly deployed dApp. Here, we’re not just observing the blockchain revolution; we’re actively driving it.

A New Chapter Begins

With tomiChain, we’re not just iterating on what exists — we’re reimagining what’s possible. We’re building a sanctuary where transactions don’t just happen, they flow; where gas fees are not a burden but a shared investment into the ecosystem’s future, and where multiple tokens move as one, effortlessly and economically.

As we roll out our whitepaper by Q4 2023, gear up for the testnet launch in Q2 2024, followed by a mainnet launch in Q3 2024, we invite you to join us on this thrilling journey. Developers, businesses, and users — tomiChain is for the early majority who dare to dream big and for the late majority who will soon realize this is the experience they’ve been waiting for.

This is the dawn of an era where Ethereum’s potential is not just extended, but elevated. tomiChain isn’t a mere alternative — it’s the new standard for blockchain networks. Embrace this journey with us, as we lay down the tracks for a future where blockchain is as ubiquitous as the internet itself. A future driven by tomiChain, where your blockchain potential knows no bounds.

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