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GoChain is a computer software application network which is designed to provide a scalable, low cost, energy efficient platform for digital currency and decentralized application.
It is the solution to modern blockchain networks as it enables fast transactions and less energy of contract execution. This is as a result of the fact that it is a more decentralized system of operation.
It should be noted that its more decentralized system of operation which is being used has made it more useful and efficient than Ethereum (100 times the performance of Ethereum). GoChain is such that it is compatible with all present Ethereum small contracts, wallets and all other tools that are made available by Ethereum. This is actually a beautiful innovation to the world of Crypto.
GoChain has built up its application system to meet up with the present and next generation's need of enjoying a low cost, loss energy, efficient and smart contract at all times.
This application software has been able to solve problems of companies and organizations which open decentralisation systems that did not work. An example is mining companies in China.
Another advantage of GoChain is the fact that it is an organization with team members which are software engineers, technology founders and business leaders who have spent their careers building high scale, low cost, less energy, distributed cloud systems which includes high performance messaging, data storage and computer for cloud infrastructure.
GoChain makes use of a Proof of Reputation(PoR) which could be said to be an advancement of the existing Proof of Work(PoW) and Proof of Authority(PoA). This is a major advancement that would lead to users going beyond Ethereum smart contacts. This would give other ICOs such as Rate Date, Global Spy, Bountie, KaratBank and other ICOs the added advantage of exploiting Proof of Authority (PoA) consensus algorithm. The GoChain platform leverages the advantage of a Proof of Reputation (PoR) consensus model has made it such that users reputation are taken into consideration into account so as to ensure that the network can be made more secure, smooth and free from all the possible internal and external issues or problems.
The blockchain has powered its system to be such that its users both possible or prospective and existing all have a reputation of their own. There are severe consequences for users if they do not have a reputation or if there is a situation where they try to cheat the existing system both in financial and branding terms.
This is my entry for@originalworks sponsored Gochain contest
GoChain2018
