sorry Noob question but is this a POS coin? thank you
Love this coin though
Tomochain will create consesus using PoA (Proof of Authority).
Tomochain Whitepaper:
Proof of Authority
In Proof of Authority (PoA), all node validators are chosen based on collaboration between parties. PoA consensus is suitable for an organization who want to build a transparent blockchain supporting external auditability but control who can join the node network (permissioned public blockchain). TomoChain opts to use PoA and build nodes in multiple locations to make sure the database in a highly secure, immutable state. In the future, other organizations want to utilize this architecture can join to be a partner and and operator of TomoChain.
Kovan is an open-source based on Ethereum codebase and developed by Parity. Kovan is using PoA, however Parity only allows selective partners to join the network. Consequently, Ethereum foundation created Rinkerby Testnet, also using PoA and allowing a wider range of partners to join. Tomo plans to use Ethereum-based, POA consensus to build a customized TomoChain. This is a good choice given the level of maturity in documents, code bases, smart contracts within the Ethereum ecosystem.
Source:
https://drive.google.com/file/d/1vtJx7akKFTgf4Cc7fuGlyEgnQz5Tp2kx/view page 25
But those node validators will be PoS masternodes as the team stated in the latest product update:
The first draft of the technical paper on Proof of Stake Masternode is almost finished, and will be circulated to our technical advisors, and partners for comments this month, and subsequently published to the community.
Source:
https://medium.com/tomochain/tomo-product-update-may-11-2018-2b592459fe7I think most questions about those masternodes will be answered in the technical paper which will be released soon.