TóróNet is a layer-1 blockchain designed with the needs of the global South in mind. It has some unique features in order to tackle real-world problems.
Near-instant settlement with a unique proof-of-stake & proof of authority model as consensus mechanism.
TóróNet has the unique feature of being gasless on the infrastructure level. Instead, customizable tariffs can be set by the governance structure based on specific use cases and types of transactions.
Integrated wallet that is available on Google Play store and Apple store. White label options available based on API.
TóróNet enables the self-organization of community economies. A global network that can express itself locally.
Modified Proof-of-Stake consensus mechanism with Proof-of-Authority such that each node can only commit transactions to the limit of their reserves within time periods or epochs.
TóróNet is a public-permissionned network, governed by the holders of the governance token through its native governance structure.
Native token, the Toro, is a fully collateralized USD-pegged stablecoin.
Current interoperable implementation with the Ethereum network. Other implementations in progress includes Bitcoin network, Binance Smart Chain, and Avalanche C-chain networks.
Projects decide how to operate. They can be as centralized or decentralized as needed, they can require KYC and become custodial to fit their local regulatory regimes.
User roles can be defined at the blockchain level, opening up endless possibilities for cross-project collaboration.
Integrated to major payment gateways that allow global on-ramping and off-ramping into local currencies.
Projects that use custodial functions can enable users to recover lost funds.
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