Have always wondered how this blockchain technology are powered and how can it be improve, and thanks to originalworks contest about GoChain, now I know much, and I will share with you what I have learnt and hopefully you will read to the end. I'm 
Bitcoin And Ethereum The Mother And Father Of Cryptocurrency And Blockchain
You may probably wonder, why the term "the mother of cryptocurrency and blockchain" well I use that term because the very first cryptocurrency that I was known is Bitcoin and all other blockchain technology are mostly built on the bitcoin blockchain technology or on the ethereum I have keep learning and researching for three months now, and I notice, if its not the new cryptocurrency company is not having a foundation in bitcoin, then its on ethereum, and this parent company have had alot of success which I commend them for, but the now their setbacks have been growing daily as they grew, both in the amount of power (energy) use to manage them every seconds, the speed in carrying out transactions, the bugs and hacker vulnerability and many more, this has not improve, and I felt the market has grown higher than they can handle, even if they have tried over and over to improve, but there's still so much set back.
Review And Comparison Of Some Of The Set Backs
In no particular other this is a list and Comparison of some of the setbacks, there are others unmentioned:
• Too much power (energy) consumption.
• Slow in carrying out transactions.
• Hacks and bugs vulnerability.
• High Cost of carrying out transactions.
And more...
I will only explain two of the above.
• Too much power (energy) consumption:
If Ethereum were a country, it would be in the top 80 countries in terms of energy consumption.
Yes! you may be thinking, if what you just read in the quote above is true, what of the mother "Bitcoin!" how much power (energy) does it use, does it use more or less? Well you guess is right, it uses more!
I tell you the power (amount of energy) Ethereum uses in carrying out one single transaction, is said to be enough to power a house (a US household) for more than one full day, nor stop power supply, I mean everything working, light for more than a whole day, sounds unbelievable, but its true.
If that that's the case for Ethereum, remember we said Bitcoin uses more, we yes it does, and to carry out one single transaction with Bitcoin they uses more than 5days household power (energy) supply (remember, a US household).
You may ask What do they use this much power (energy) for?
We here is it:
it’s using the energy for Proof of Work (PoW) which is calculating a useless value. The first miner to a calculate a hash with X number of zeros in front of it wins the block. To give it credit, it has worked remarkably well to keep an untrusted network secure and true.
• Slow in carrying out transactions:
Welcome to the other funny part. "you may think its doing much work, to be using that much power (energy)" well again its not doing alot of work, don't get me wrong here, its doing much work, but not as much as needed.
Yes the mother Bitcoin can carry out only 5+ transactions per second, While Ethereum can carry out only 10+ transaction per second, Oops sorry, that gat to hit you hard hahaha, sorry, but its true. And with the way the cryptocurrency world 🌏 is growing daily, there is more users by the day, this leads to much delay and set backs, because when more than 15-1000+ users want to transact business, they have no choice but to wait and be delayed for a longer period of time. Yaya you have to just wait for you your turn to come 😉.
The following questions may cross your mind
• What is the solution?
• Is there any solution?
• How cheap can this solution be?
And many more...
The answer is YES there is, and GoChain is the solution
GoChain The Solution
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
Since the introduction of GoChain, the above listed problems have been solved or should I say, its being solve. Because GoChain is solving this issues by the introduction of the new consensus algorithm called POR(Proof of Reputation), which is used instead of the POW (proof of work) and this PRO is way easier, cheaper and faster than the POW.
Now let's see the problems again
• Too much power (energy) consumption.
• Slow in carrying out transactions.
• Hacks and bugs vulnerability.
• High Cost of carrying out transactions.
And more...
How this problems are solved with GoChain
• Where the mother and father of cryptocurrency and blockchain uses much more energy that can power a House for more than a day, GoChain uses
Less power. Because it uses the POR and not POW.
• Remember I said the Bitcoin can only carry out about 5+ transactions in a second and the Ethereum on the other hand can only carry out only about 10+ transactions in a second, but the GoChain can do much more in a second, the GoChain carry's out more than 1290+ transactions in a second. Making it faster by far.
• GoChain helps removes the, centralization in the cryptocurrency world, by removing the focus the control of it from just China alone and distributing to over 47 companies around the 🌏 world. This will remove the government intervention in this world of cryptocurrency and blockchain.
• Gochain plans to work with companies: companies with high market cap, publicly traded and with high reputation, and companies with with good branding.
Etc.
GoChain And DApps
There is a great benefit for all DApps Developers, because the GoChain is Ethereum DApps compatible, that means the POR is also compatable with Ethereum DApps, even though the Ethereum uses POW, so existing apps can still be use and DApps developers can move their apps freely. How sweet 🍯 😹
The LME
An Ethereum DApp developers can enjoy the 100x network speed on the GoChain 😉, I call this the LME (Life made easy) because the Ethereum decentralized app developers are now experience as very fast transaction speed.
Less Cost Of Carrying Out Transactions
The Bitcoin and Ethereum uses more than transaction cost, compare the o the GoChain.
GoChain fees are also 7500x less expensive than Ethereum!
Than means the above amount multiply by 7x or more is what the Bitcoin uses.
All this and many more...
Get more info about GoChain by clicking here
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https://steemit.com/crypto/@originalworks/640-steem-sponsored-writing-contest-gochain
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