In a technological world of cryptos, comes a cryptocurrency that is ''utmostly decentralized, has a high performance, extremely scalable and possesses a blockchain that supports smart contracts and widely distributed and decentralized applications''.
Who would have thought that a worldview change in the way the crypto market is viewed, was approaching and was always imminent.
This is not far fetched from the invention of a'' public cryptocurrency that builds decentralized applications on solid smart contracts, provides fast transaction and contract execution, thereby being fully compatible with existing Ethereum wallets, smart contracts and other tools''.
All these characteristics are no other properties of a cryptocurrency other than GoChain.
GoChain, with the above features, ''has a sole mission of providing a scalable, low cost energy efficient platform for digital currency and decentralized applications''.
Other than the aforementioned features of this extraordinary cryptocurrency, GoChain possesses three major already tested characteristics that makes it second best to none.
GoChain is 10x more decentralized
As it is a solid fact that decentralization in the aspect of digital currency is of very much importance and remains an unarguable fact, Gochain has come with a formular that will inject nodes into different countries, and will be managed by different people or company to run its network. Currently, the P2P networks all around the globe are densely conjested in a particular crypto-mining technological area such as China, and this will infact cause a predictable glicth in the future to come. With Gochain's decentralization formular, all records of public application's operation will be stored on a general and decentralized blockchain to avoid any hazard that can be caused by centralization.
GoChain is 100x faster
Etherum, as at this moment, has the technological ability to process thirteen (13) transactions per second. Contrarily, GoChain will capture a very high transactional quantity in the number of one thousand and three hundred (1300) transactions per second. This will come with a reliable blockchain that will in turn, give fast verification on every transaction. There could have been nothing better.
GoChain will use 1000x less energy
GoChain will use a small fraction of the energy used in the running of other cryptocurrencies in its running. In relation to the energy used in the running of Bitcoins network and Etherum, the new energy GoChain puts forward is a synonym of minute.
With these, GoChain is our far that has always been near.
Source: http://www.gochain.io
Decentralized applications on Ethereum such as such as Golem, Augur and Melonport have been made compatible on the flexible Gochain network. With this, crypto companies can move their applicational operation from the Ethereum network to GoChain's, without writing any line of code. As we know that decentralized applications (Dapps) are salient in the digital currency market; if migrated, these crypto companies, with their existing Ethereum Dapps, will enjoy the 100x transaction speed provided by GoChain.
''In order to have real mass adoption of blockchain on a commercial level, it is necessary to have a blockchain that caters for their needs''-hence, the introduction of 100x speed and 7500x cheaper transaction fees by GoChain. The GoChain network will be accomodating to statistically, more than 90% of the digital currency market due to its flexibilty in both transactional speed and transaction fees. With a speed of 100x, more transactions will occur at an ultra fast rate thereby, more people can be on the network in no time. Money-wise, GoChain will be 7500x cheaper than others that will in turn, make the network affordable to many. This, I call leverage, whereby, you can do more with less. GoChain will offer a transactional leverage in the crypto market.
Due to unreliability and maybe, a fear of a glitch or hack in their networks, ''current blockchain ttechnology does not allow for developers to fix bugs and change codes once it has been launched. GoChain intends to add a feature that will allow companies to update their codes on the network if necessary. This flexibility will allow companies to make decisions on the methods which will allow them to change their codes. For instance, a company may use votes or accord from different individuals before making any change in their codes''. Through this, companies increase their customer base and preserve their existing customers by fixing bugs and updating their codes, thereby keeping safe, their customers' data and records and building a firewall that serves as a bulletproof against hacks and glitches. This will, like a spiral ring, open doors for more businesses for these sets of companies, if users sense reliability and up-to-date programs.
Also, GoChain has made it important to cater blockchain technology to the commercial sectors such that they can easily integrate. This will allow any type of crypto company to be able to fit in, into the Gochain network with ease and less stress. This easy integration will therefore allow for easy migration from other networks to the Gochain network through compatibility in decentralized applications (Dapps) to aid data recorvery instead of a new start-up and a technological flush of records.
GoChain will majorly, promote mass adoption of cryptocurrencies by decongesting miners that are heavily concentrated within a part of the globe. This will be achieved by the key component of the GoChain invention which is the Proof of Reputation. In contrast to both Bitcoin and Ethereum that use ''Proof of Work (POR) in application operation, which relies on computing power to process transactions, Proof of Reputation (POR) works by assigning companies as authorized users'', thereby increasing mass adoption of cryptocurrency users and decongesting clustered miners around the globe, by creating the needed decentralization. GoChain aims at increasing the network of nodes by having fifty (50) companies work as the nodes in various countries. ''These companies will be publicly traded companies.
There will be some criteria in the determination of the companies' reputation such as how big the company is, how significant the branding of the company is'', to mention but a few. This adoptive decentralization will lessen the congestion of miners that are heavily centered around China, for instance.
Source: http://www.gochain.io
These features mentioned above are tips on the iceberg of what the GoChain innovation is capable of. Right from inception of the crypto market, anything like the Gochain was always considered an illusion and unreality. With GoChain our unreality have become real.
Source: http://www.gochain.io
You can check all you need to know about GoChain on the GoChain website@http://www.gochain.io
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