With a raft of ‘Next-Gen Blockchains’ coming onto the market in 2018, the majority of which looking to solely provide a solution to Ethereum’s much maligned scaling issues.

TomoCoin, the native product of Tomochain, is looking to be the crux of an ecosystem with two main tiers; social and consumer applications. They are attempting to become the ‘Internet of Value’, with fast, frictionless payments and a secure, trusted store of value via its proprietary Wallet.

There are multiple prongs of attack for Tomochain, all of which are key attributes of the new era in blockchain;

- Atomic swaps between Tomochain’s native token Tomocoin.

- Horizontal scaling (which is by definition: Adding more machines into the network, whereas vertical scaling is process of improving one machine’s individual capabilities). Tomochain will base itself on the Ethereum network, however it will use well-performing second-layer blockchain solutions to provide the extra computational power.

- Zero-fee transactions, which are the future of blockchain. If Tomochain can successfully implement these, they will be among the first movers in this area.

Vertical vs Horizontal scaling

The features of this unique protocol layer are as follows;

- Primarily, users will be using the TomoCoin application. This application provides users with a decentralised social network with built in cryptocurrency use-cases. The network value will be built upon microtransactions between users.

- There will be a built in reward system provided by Tomocoin for developers to lay the foundations for the network until it reaches critical mass

- A personal wallet within the application. Users will be able to utilise Tomochain’s native d-apps (distributed applications) using this wallet.

- From a software developers angle, Tomochain will be able to provide 3rd party APIs upon which such things as bots can be built, a coin exchange (with a smart contract foundation), and a decentralised identity system.

Why Tomocoin as a product can succeed:

- The first protocol layer blockchain with the ability to build social network orientated Dapps on top of it.

- One of the only reward systems in a decentralised social network which is economically viable.

- First blockchain to implement atomic swaps at a micropayment level.

- A team which has a proven track record in the blockchain space i.e. one of the founders of the New Economy Movement is behind Tomochain.

Why Tomocoin as a product won’t succeed:

- Reaching critical mass is the sole determinant of how well this project will perform. If TomoCoin becomes implemented on a large scale, expect it to perform better than some of the big platforms like Steem.

Personally, I think TomoChain has a big challenge in front of it, however they have the team, the product and the vision to help catalyse the streamlining of cryptocurrency to their target market. We have invested in the project and foresee a bright 6 month+ future for it.

Declan,

BlockSmart Capital.