Blockchain Platform TomoChain Announces Zorro Network Upgrade
Scalable smart contract platform TomoChain has announced the details of its forthcoming Zorro upgrade.
Based in Singapore, TomoChain is a blockchain protocol project that launched its mainnet in December 2018. The TomoChain network features an array of original features and protocols designed to support speed, privacy, usability, and liquidity.
The Zorro upgrade, set to occur at block 30,915,660, on or around January 22, will reportedly enhance the Proof-of-Stake blockchain with an upgraded Ethereum Virtual Machine. The upgrade will include the latest version of Solidity and enable developers to easily deploy code from other EVM chains with minimal customization. As a consequence, the multi-chain liquidity protocol LuaSwap will soon launch on TomoChain, with all future upgrades to its smart contracts easy to deploy across EVM-compatible chains.
“This upgrade will elevate TomoChain’s capabilities, making the network suited to hosting enterprise applications that can operate at scale,” said Kyn Chaturvedi, CBDO of TomoChain. “Making it easier for developers to build on TomoChain, through upgrading its EVM, is a vital step in realizing this goal.”
According to the company, the Zorro upgrade also fulfils the technical requirements needed to enable TomoChain’s defi-centric Layer 1 Protocol Trifecta, comprised of TomoZ, TomoX, and TomoP. Moreover, Zorro will adjust the cancellation fee on TomoX, a DEX protocol that allows for the launch of permissionless orderbook-based DEXs with zero gas fees, near instant trades, and a shared liquidity book across all decentralized exchanges. The cancellation fee will now be fixed to 0.001 TOMO for all TOMO pairs. There will be no cancellation fee for non-TOMO trading pairs, irrespective of value placed on the orderbook.
“The arrival of Zorro is an important milestone in our ongoing development,” said TomoChain founder and CEO Long Vuong. “I am confident that the new features and functionalities it provides will be welcomed by the community, as we seek to make 2021 TomoChain’s best year yet.”