GoChain is a tech on the blockchain that is aimed at solving the issue of decentralization and scalability of cryptocurrencies. It initially launched it technology by employing the Proof of work and other form of consensus algorithm. Currently, it has launched it Mainnet platform were users can be able to enter smart contracts using the GoChain DApp.
The Improve Proof of Repuation
Concerning the Proof of Reputation, Proof of work required more energy and it is somewhat easily corrupted as countries who can generate more power to mine Ethereum (the platform in which most blockchain industries operate on) might decide to operate their source of power just the way they like; making the decentralization target yearned for by the blockchain industry to be thwarted. But in the case of Proof of Reputation, High esteem companies will be used as validators of smart contracts on the blockchain. These companies are high reputable in both their market capital and their brands so they will find it difficult to compromise their integrity as they serve as signers to contracts on the blockchain ecosystem using GoChain tech.
My Designs
I made some little design using a photoshop CS4. I only use this designs to put together the idea of GoChain in pictorial form with Transparent background. (PNG format)
Interpretation of Design
The Globe and the different people holding it signifies the different reputable companies that will serve as Authorized signers across the globe. This shows that decentralization of the blockchain industry will not be controlled by just some countries or company making it difficult to compromise.
The three arrows (greater than) on the right of the globe signifies the speed of transactions.
Note: I only put these designs together to show what the GoChain tech is all about.
With GoChain, You can Go Smarter in a Better way using a Faster and Strong Gochain DApp to execute smart contracts on the blockchain.
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