Announcing the Excalibur Release
The latest TomoChain hard fork — Excalibur will bring the upcoming hard fork that will enable TomoX protocol in TomoChain Mainnet, which is going to be a potential game-changer for the decentralized exchange (DEX) market.
Today, Wednesday 29th April 2020, we are thrilled to announce Excalibur Release — the largest update to the TomoChain by far. As an essential upgrade to our core blockchain network, an update is required to include the extensive TomoX functionality into the TomoChain network. And there is so much more built into Mainnet that will empower a series of unannounced future products and features.
Excalibur hard fork is planned to activate at block 20,581,700, alongside the scheduled TomoX Mainnet, currently estimated for the 12th of May, 2020.
The version of TomoChain for Excalibur will be version 2.2.1. All Masternodes and full nodes must upgrade before May 12th, 2020.
Immediately after Excalibur hard fork, the TomoChain network will be able to store order books, match orders for spot trading, and enable peer-to-peer (P2P) lending. TomoRelayer will also be launched so businesses can conveniently register and deploy decentralized exchanges. All TomoChain TRC 21 tokens will be supported and can be selectively listed on any TomoX decentralized exchange. Specific information about these products will be published after the hard-fork.
A glimpse at TomoX and introducing TomoDex
TomoX is a secure and efficient DEX protocol that will allow anyone to launch a permissionless DEX in just a few minutes without extensive technical knowledge and with minimal development upkeep costs.
TomoX is a Layer 1 protocol powered by and secured directly through the TomoChain Masternode network so transactions are blazing fast, all trades are entirely non-custodial, and all TomoX DEXs will have shared liquidity across a common on-chain order book.
TomoDEX will be the first decentralized exchange on the TomoX Protocol, operated by the TomoChain Pte. Ltd. team. TOMO, BTC, USDT, ETH will be the first tokens to be listed on TomoDEX. We will announce the official launch date of TomoDEX and additional related details on our media channels after Excalibur hard fork.
FAQs
Here are some further questions not covered above:
- What do I have to do with my TOMO tokens?
Nothing. TOMO holders can simply keep their tokens on a private wallet, hardware wallet, or on an exchange.
2. What do I need to do?
Regular users do not have to do anything.
All Masternodes and full node operators will need to update their node software as soon as possible.
3. What happens if a Masternode or Full Node does not upgrade?
Older TomoChain versions will automatically become incompatible with the rest of the TomoChain network as the upgrade activates on May 12th, 2020. Continued node participation on the main TomoChain network requires upgrading.
4. Does this mean we will have two TomoChain chains?
This hard fork is part of our roadmap announced previously. This hard-fork upgrade is not contentious and therefore the likelihood of a chain split is highly unlikely.
If you have any questions or need assistance, please reach out to us by email at admin@tomochain.com. Developers and node runners may also wish to join our Gitter, Github, and TomoX Telegram channel.
About TomoChain
TomoChain is a scalable blockchain-powered via Proof-of-Stake Voting consensus and used commercially by companies globally.
Our mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.
TomoChain’s technology and DeFi-focused flagship products include:
- Fast & Near-Zero Fees: 2000 TPS, 2-second block time, ~$0 gas fees, and EVM compatible
- An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
Find us on
Website: tomochain.com
Telegram: t.me/tomochain
Twitter: twitter.com/TomoChainANN
