The multinational project Tomochain, which combines the human resources and technologies from Japan, Singapore and also Vietnam, is trying to improve Ethereum in the very areas where Ethereum was supposed to improve the traditional transactional systems. Experienced team of developers is working on the following problems – transactions take a jolly long time to be confirmed, the fees on Ethereum are pretty high, and the vast majority of other blockchains out there simply did not have any way to engage with the Ethereum platform, due, in part, to being centralized to an immense degree. Tomochain operates using what they call a Proof-of-Stake. Voting which is supposed to drastically lower the transaction fees (they are aiming for just 1% of the current cost of transaction on Ethereum), complete with no longer than two-second confirmation time. By depositing certain number of TOMO tokens any user can become a candidate to shoulder the work of a masternode, allowing an easier and more convenient way to create new blocks.