Long Vuong on TomoChain's competitive blockchain platform

0:25chain project and blockchain all about I think Domo chains we aim to be one of the most decentralized scalable and also privacy-preserving public aid for the next maybe like 50 100 yes wow that's a great long-term vision now does your blockchain compete directly with other application based turing-complete

0:55networks like etherium I think the own smackin check platform complete with is as a developer or project in some way but photo change that's the reason we focus on some particular feature that is unique to 2 mu chains appears to MU X decentralization protocol to moseys which is a free by any token protocol which we hope just different share to MU

1:25chain from as a marketing platform very interesting and I read that tomo chain has an interesting consensus protocol some kind of proof of stake could you speak a little bit about that's also very one of the very important feature optimal chain which we use a consensus cone POS V we disapprove of state voting currently thus our

1:54unique Assessor is a powering master node ecosystem in which on the older token honda can can volunteer to be a master candidate and being voted by committee and then helped with a producing block and secure the network interesting so people are able to stake their coins to help secure the network and verify the transactions

2:23that's exactly what how it you know supposed to work and it's working on 2-butene that's great plan and how long has the development been going for Tomo chain so far and when did the main net launch we have been looking on to MU chain since early 2017 so it is quite a long way already our public mania was launched in December 2000 s team and it

2:53had been run be stable for I think seven months over and I think we are working really has in 2019 to bring out some real new and exciting feature lies three by any token protocol and decentralization protocol the maintenance the running minister to machine that's great so you're looking at building a token protocol so that companies developing applications can

3:21create Tomo tokens essentially one of the one of the most exciting feature we have is to mosey protocol fee by any token so it essentially allowing for any enterprise or you know company with very big user user community to issue token for their own committee for example I a big coffee shop can issue like onerous

3:49out and token and send it to the committee and the community can actually use a token driveway without knowing or owning Tomo to pay in gas because they can pay the gas in Jo token yeah that is a major limit limitation currently with aetherium so that's interesting to note that you're able to pay the gas fees with tokens that's been a major setback so far in the blockchain

4:15industry now this Tomo chain being its own blockchain need its own wallet infrastructure exchanges and so on to support the ecosystem definitely we know when we launch the publishing we try to work with as a third party who last party third party developer to support to machine so currently you can use tune in a Tyrian lie meta mask and shuffle to be

4:46application on top of the machine as well and we had two party developer third party project like just wanna go Bowlin also supporting Tomo internally we are running and building some important applications such as Tomo master the cabin in the app Thomas Kane and Tomo William interesting and when applications are developed on top of

5:15Tomo chain and you're also able to use tokens to pay the gas normally when compared to the ethereum blockchain the ethers are used as gas for transactions and that's one of the main utilities of the coin now is that the same with the Tomo coin as well that it's mainly used for gas or is it used for other things as well in the ecosystem so translation

5:44and activity on tomo-chan still meet Tomo to be gas right so the more activities the bigger some a contract you run more amount emoji we need but there are two things the first thing is as the scalability solution Optometry allowed to have the capacity about 1,000 times weaker so the free is very low in just that don't mean we can

6:15afford to have the free very low in Tomo miitomo chain and I certainly for example with the to MU Z protocol we react mechanism in which the token issuer have to deposit two more in a in an account and that's how we set our own app down three needed for the token to be transits in completely without knowing doable and that's how it works at the Catholic

6:44underlying Ania but in general activity antomattei still miitomo yes what is happening me immaterial okay understood and is the development language or the process in which people develop applications Adam all similar to ëthere iam or have interoperability with the etherium ecosystem because that's where most of the daps are built currently we purposely keep using solidity solidity

7:17as as the application language because we sawdust so there's there's a lot of my share in the developer community about solidity and is it will be the way to go for tomo chain at least in the near future but we also have a plan to support as a language like assembly when ism become more popular so the goal is just to make it very easy and officially

7:46for developer to be application or talkative mood chain that's great and how many developers are working on Tomo chain applications right now is there any applications that are finished and are available in the market so the three most popular application on pocket too much in right now is Domo master to Musa web which is a decentralized chain

8:18application this bill by autopathy team that is already completed and running live for some time the last one is a gambling game Kona you know marques which is also developed by third party team that's great and do you guys have major plans to expand the scalability or the core block chain of tomo chain through the next year so

8:49right now domo chain is capable of handling 10,000 per second that's that's what we have in this redness and it's the more than enough for most majority of application at the moment if you think about is the etherium is doing right around 70 in 10,000 per second so 1,000 2,000 10,000 per second is already more than 10 weeks improvement so we have

9:18result in – sobbing yes that's that opal that will probably be a long-term solution for further scalability but we are not rushing to implement the solution in the mainly because the reason is because we have the spare capacity right now at the moment yeah and the second is we focus on some of the very practical feature like to match

9:47this n July hn protocol and to Busey t by any token T by any token protocol in 2019 that's great now is there a specific business model that is built into Tomo chain you know as the company progresses eventually you'll need to generate cash flows and revenue models what is the plan for tomorrow a new model for tomaten company is mostly

10:20allow to Moo chain up the chain and we are building a lot of integration service and support Enterprise to build on top of public chains that's where I had like the revenue coming in I think the model is similar to what red hub is doing right so Red Hat have – – system and they are building a lot of support and so this Rao – and that's what we are doing with Tabuchi in public chain

10:51and the company we building a lot of tune and service to support and to try to on both – Moo chain mm-hm interesting and now moving forward what do you see as one of the largest challenges that tomo chain may face as it grows is it needing more developers or needing more end-users and use at least definitely one of the big challenge not just for too much aim but also for a

11:18cryptocurrency industry right because if we are looking at a statistic from you know the a Prada or Dieppe comm the most popular DM is have have less than 10,000 user daily right so it is small number so I guess that's what we tried to focus on bringing interesting and useful application that can gain at my miss reviews in the night maybe one or two

11:46years and how much emphasis do you put on the user experience and lowering the technical barriers to entry of Tomo chain because that's one of the main barriers to adoption is having something that's new technical I think so one of you know most easy to Eve and you know just is very good you it's in

12:15general we have is it or less we have a lot of compliment from the community when they use our bullets and we try to bring that experience to as an application as well I think yeah you arise us you know we have to make it in a ways as the end user have equal or even better experience and using the app on digital I application this is a

12:44liability in centralized a centralized occupy yeah that's great and what do you need most right now is it more investors more developers or more other team members or end-users just an interesting question we definitely only welcoming developer and new project building on top of tommooch Ain a few lies what to machine is somewhat lacking is that we have been

13:15not paying enough attention to apply to marketing and to so to make too much any kept getting more and wider recognition from the community so we want to do it is that next Richmond idea bringing how some of the more important feature of the protocol and also you know talking to more developer to be on

13:43topic too much a wonderful and how can people find out more about the project if you want to know more about too much in feel free to visit our website which is a to mooch a calm and furthermore joy our telegram channel to MU chain and we have a wonderful community who can dis that and answer all of your questions I'll leave those links in the

14:12description box below thank you so much for your time long let's follow up in the near future to see the progress of Tomo chain thank you so much as known it's my pleasure to talk with you