TomoChain Network Upgrade— The Zorro Release
Today, Tuesday, January 12th, 2021, we are thrilled to announce the Zorro Release. This release marks an important milestone and demonstrates the robust development underway on the TomoChain public blockchain. With this upgrade, a variety of important and exciting functionalities will be added to TomoChain Mainnet.
The Zorro Upgrade is planned to activate at block 30,915,660 currently estimated for 3:00–5:00 AM UTC on 22 Jan 2021. TomoChain will then be updated to v2.3.0. All Masternodes and full nodes must upgrade before January 22, 2021.
- Zorro Update Countdown can be tracked via: https://scan.tomochain.com/blocks/countdown/30915660
TomoChain v2.3.0
- TomoChain v.2.3.0 full node is now available at https://github.com/tomochain/tomochain/releases/tag/v2.3.0
- All services which run TomoChain nodes must upgrade by January 22, 2021.
This upgrade will activate the following features:
EVM Update — Support for Solidity v0.6.6
In order to support our ecosystem partners and internal product development with the latest features, TomoChain is upgrading its EVM (Ethereum Virtual Machine) to include the current version of Solidity. This upgrade will allow developers to easily deploy code from other EVM chains to TomoChain with minimal customization. Alongside the recent update of TomoIssuer and TomoBridge, the activation of Zorro will enhance the interoperability of TomoChain and Ethereum.
A key example is TomoChain’s own product, LuaSwap — a multichain swap that takes inspiration from Uniswap/Sushiswap. LuaSwap launched on Ethereum in October 2020 and will soon launch on TomoChain with the added benefits of instant swaps and near-zero fees. Now, all future upgrades to LuaSwap’s smart contracts will be practically effortless to deploy across TomoChain, Ethereum, and other EVM compatible chains LuaSwap launches on in the future.
More information regarding the launch of LuaSwap on the TomoChain Blockchain will be published in a separate article.
TomoP Code Integration — Preparation for Mainnet Launch
The Zorro Release includes code specific to Protocol TomoP: The Privacy Suite. TomoP will be the first-ever EVM-compatible private transaction protocol allowing for the fastest private sends in under 4 seconds without requiring an intermediary. The Zorro Release will complete the technical requirements needed to enable TomoChain’s DeFi-centric Layer 1 Protocol Trifecta: TomoZ, TomoX, and TomoP.
Further information regarding the launch of TomoP Mainnet will be released later.
TomoX Update — Near-Free Cancellation Fee
The number of TomoX DEXs continues to grow as trading volume increases. All TomoX based DEXs have maintained a cancellation fee set as a percentage of the value placed in the order book. The cancellation fee was intended to prevent bad actors from spamming the network with fake orders. However, our team has observed that the current approach is also a key point of friction for traders and market makers.
The Zorro Release will adjust the cancellation to a fixed 0.001 TOMO for all TOMO pairs and to 0 for all non-TOMO trading pairs irrespective of value placed on the order book. We believe this key adjustment will encourage greater user participation.
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 Full Node & Masternode Operators need to do?
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 Jan 22 2021. Continued node participation on the main TomoChain network requires upgrading.
4. Does this mean we will have two TomoChain chains?
This network upgrade is technically a hard fork that has been a part of our roadmap announced previously. It is non-contentious and therefore the likelihood of a chain split is highly unlikely.
If you have any questions or need assistance, please let us know in TomoChain's forum reach out to us by email at admin@tomochain.com. Developers and node runners may also wish to join our Gitter and Github channels.
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.
