Tokamak Network (TOKAMAK), is a Protocol Platform for Building and Connecting Layer 2 Networks, To List on BitMart Exchange
BitMart, a premier global digital asset trading platform, will list Tokamak Network (TOKAMAK) on November 10, 2022, for all BitMart users, the TOKAMAK/USDT trading pair will be officially available for trading at 09:00 AM (UTC).
What is TOKAMAK?
Tokamak Network is a protocol platform for building and connecting layer 2 networks.
Tokamak Network aims to solve the problems mentioned above in the following ways. First,
Tokamak Network can achieve high performance since Ethereum Virtual Machine is operating on the plasma chain run by only few nodes. Second, Tokamak Network alleviates centralization of the plasma chain through chain staking and plasma contract. Third, in order to build a platform for user-friendly applications, we make an alternative Ethereum Virtual Machine (EVM) that reduces the burden of transaction fees.
Tokamak Network addresses low performance and usability issues, which have been pointed out as weaknesses in the public chain. Furthermore, it can also keep the advantages of the public chain, such as decentralization, digital permanence, and reliability. It can also protect against DoS attacks. In addition, as the plasma chain uses Ethereum Virtual Machine, smart contracts of many DApps that have already been deployed can be ported directly.
- Easy Layer 2 Network Deployment
1.Tokamak network integrates diverse layer2 protocols(zk-rollup, optimism, starkware’s validium, etc.) in one platform like AWS.
2.Dapp developers can build their own layer2 with customization in terms of the amount of fee, the types of layer2, the types of fee including their own native token, stable coin, any other erc20.
- Layer 2 Interoperability
1.Tokamak Network develops the cross-layer2 message protocol for connecting each other layer2s without going through the base layer.
2.The custom layer 2 network can be connected to any other layer 2 in the Integrated environment.
- Higher Security
1.Staking TON provides a higher security level for layer 2 networks. With cryptoeconomics for validators, Tokamak Network provides a higher level of security and sustainability than token-less solutions.
2.Tokamak Network ensures that all layer 2 networks are fully verified from day one.
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Tokamak Network has an ERC20 token called TON. TON is used for chain staking and plasma transaction fees, for the purpose of enforcing correct operation of the plasma chain and prevention of Sybil attacks on the plasma chain. To open plasma chain in Tokamak Network, the operator must deposit minimum TON for chain staking in Ethereum. In addition, if the plasma chain is challenged, the staked token is given to the challenger as a prize. TON is also used for fees to send transactions in Tokamak Plasma chain. In this process, it is converted into stamina.
To learn more about TOKAMAK, please visit their Website, follow their Twitter, and join their Telegram.
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