GoChain is an independent network that is available in solving scalability issues facing some of the modern blockchain networks. It is working in order to become a next-generation smart contract platform and go beyond ethereum smart contract.
Source
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.GoChain build decentralized applications and rock solid smart contracts.it can perform a fast transaction and execute contract as well as compatible with existing ethereum wallets, smart contracts, and other tools
The ethereum is aged now whereby many new blockchains are built on it but currently, ethereum can only have access to 13 transactions per second. This is uncalled for because, with their high users’ community, it can bring about extremely slow speed of transactions. With this, it can limit both the DApps that use them as shade and the scalability status
GoChain can solve this problem by introducing the Proof of Reputation (POR). Beside that GoChain is built on the platter that is faster, smarter, cheaper, stronger and easy to implement. GoChain is 100% faster and have 100x best performance compare to ethereum
GoChain have high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
]
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.)
It is 10x More Decentralized and of course, the open decentralization did not work as intended as more than 70% of mining is in China of which the majority of that is run by just a few companies. GoChain develop their principle to be in different countries, run by unrelated people/companies.
GoChain will support very high transactions volume with fast verification. Ethereum can only process 13 transactions per second, GoChain is initially targeting 1300 transactions per second).
The network requires 1000x Less Energy consumption for their activities and to run other cryptocurrencies unlike in other platforms like the bitcoin network which virtually uses more than 3.5 million US household and also ethereum which requires 1 million for them to run of which it is observed to be unacceptable and unsustainable
Source
To secure the usage of blockchain on a commercial level, it is necessary to have a blockchain that caters to their needs. This will, in turn, encourage more patronage. The current blockchain technology does not allow developers to fix bugs and change code once it has been launched without performing anything along the lines of a hard fork. GoChain aims to add a feature that will allow companies to update their code so that the companies can decide on the method that brings room for them to change the code. A company may set a required number of votes, or agreement from specific individuals before any change to their code can be made fully transparent and decentralized but with POR, the platform can grow rapidly with speed since there is nothing to fear about.
The proof of reputation is a major key component of how GoChain works. The POR is put into consideration compared to Proof Of Work (POW). It is observed that network built on POW might not be too transparent and decentralized.
This contest was brought to you by 
gochain2018
