Long Vuong Of Tomochain Thinks Ethereum is Doomed to Have an Uphill Battle This Year
Vitalik Buterin recently seems to be taking a lot of flak from his industry peers. Our regular readers know about the long-standing rivalry between him and Justin Sun.
Now, Long Vuong, founder of TomoChain seems to have joined Sun in the feud.
TomoChain (TOMO) boasts of transaction speeds of up to 1,000TPS which is remarkable when compared to Ethereum’s (ETH) double digits TPS. Justin Sun regarding the same, had said:
“TRON is 80 times faster than Ethereum. With 14 years of experience, @BitTorrent is providing world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world.”
Now, Vuong added:
“Most systems have trade-offs. But the Ethereum creator won’t be the one to make the call regarding which offering is trash and which offer isn’t. This will not be an easy year for Ethereum (ETH). Ethereum and its founder are in a difficult position. On one side, they are disrespected by Bitcoin’s (BTC) maximalist community, and on the other, they can’t solve their performance issues efficiently.”
However, Vitalik had already addressed these criticisms earlier by saying:
“Most of the time whenever a project claims it can work at 3,500TPS due to the fact that it offers a different algorithm, they are a centralized pile of trash.”
TomoChain features a 150-Masternodes architecture with Proof of Stake Voting (POSV) consensus for near-zero fee and instant transaction confirmation.
It supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers. Scaling techniques such as sharding, EVM parallelization, private-chain generation, hardware integration will be continuously researched and integrated into TomoChain which will become an ideal scalable smart-contract public blockchain for decentralized apps, token issuance and token integration for small and big businesses.