TomiChain will enable multi-token transactions for sending and receiving multiple assets for the first time ever. TomiChain will also introduce affordable transaction fees, intuitive interfaces and new data policies for end users while providing developers with enhanced monetization tools and abilities to iterate and experiment quickly.
Tomi, a DAO-governed Web 3.0 infrastructure project creating a decentralized alternative internet ecosystem, announces the upcoming launch of tomiChain, its layer two scaling solution to enable Ethereum to scale globally in a more accessible and reliable way.
The tomiChain announcement came live on stage during the tomi team’s address at Binance Blockchain Week in Istanbul, marking the first time multiple assets
both tokens and NFTs will be transferable in the same transaction.Despite blockchain’s many unique characteristics, technical obstacles to its usability make taking advantage of its benefits a challenge for average users.
Furthermore, expensive and slow transactions on Ethereum limit the widespread adoption of blockchain technology while frustrating innovative builders.
All of this is compounded by insufficient data privacy standards that create an imbalance between transparency and trustlessness.
Tomi teamed up with zkSync, an Ethereum-scaling protocol leveraging zero-knowledge (ZK) technology, and ANKR, a builder of multi-chain tools, to design the tomiChain leveraging Ethereum’s security and zkSync’s decentralization.
The tomiChain, with the help of zkSync’s ZK cryptography, will allow for over 2,000 transactions per second
vastly outperforming Ethereum, which handles around 15 per second.In addition to addressing Ethereu
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Author: Press Release