I first came across Gochain back in late June this year by accident. A friend of mine on instagram asked me about it and I had never heard of it. I read their white paper, which is brief, to the point and not full of pros, fancy words and over hyped tech talk. Any one knowing the history behind crypto and white papers knows and massive white paper, doesn't necessarily mean the project is any good or may even be a fraud. Any ways, I dropped 2K on it when it was around 2 cents - I live in Canada, so Canadian 2.5 cents lol - I have since seen some very nice gains. There has been ups and downs but Ive been taking profits all the way and buying the dip every time. Check out the chart below
As you can see this is a very nice chart, especially with all the bullshit FUD, Ponzi's and generally bullshit surrounding crypto atm. There has been a fuckload of hate from people who bought bullshit coins or grabbed decent projects (ELA, ETH, BTC, ONT, NEO and many others) at all time highs and suffering the market cycles death grip. Still Gochain has performed beautifully through all of this. They have also been busy, they had developed their product and launched it before their ICO, they also had a very small ICO, not needing tens of millions or even billions like some projects seem to need...for what ever reason. Gochain built there product and when the ICO ended launched their blockchain successfully. Now I have been investing into Blockchain ICOs since August 2017 and MOST if not all projects couldn't say this. Not out of the gates, working product, wallet and explorer. Most tokens are still just ERC20 tokens utilizing that platform for all functions.
Now whats very interesting is Gochains Consensus method, unlike other tokens they wanted to build something new, while trying to utilize the best of already existing tech. Enter Proof of Reputation, a consensus method that looks to solve the issues with POA and POW. mainly centralization of the networks mining power in the POW method and centralization of authority through the POA methods. Check out this illustration
If you want more info on how Proof of Reputations works, its benefits and and indepth look at the method check out this article
https://steemit.com/blockchain/@aigents/proof-of-reputation-as-liquid-democracy-for-blockchain
Now the most facinating development for Gochain has been the Launch of its own DEX... thats right they already are launching a DEX, infact there has already been ICOs launched on Gochains platform, which is fucking crazy. There are Smart Contract Platforms out there today that after hundreds of millions or more invested have yet to launch a successful ICO on their platform, let alone multiple ones. 8 to be exact
Solaster
Veritoken
Etherprise
Truedeck
Monarch
GODDEX
Crypto Rancho
Thats fucking nuts, all the projects in the first year taking advantage of Gochians platform..Why?
becuase at present Gochain can negotiate 1300 transactions per second. 100 times faster than Ethereum already. its also 7500x cheaper and far more decentralized because of the consensus method - PoR
If you think any of this is all bullshit feel free to check them out, its a sleeping giant that has slipped under the radar in this bear market. Check out the Team, read the white paper, look at all the news, their partners and you'll soon see why this is one of the biggest potential gainers of 2019!
cheers.
