For nobody is a secret that the platform of the blockchain of ethereum needs a change due to the increasing number of projects based on this digital currency, it has presented a constant growth, this put to the test capacity of scalability, also its 15 transactions per second is It is falling short, really too short for the amount that is needed due to its growth

The same programmer father of the currency vitalik buterin has referred to this problem in many press conferences, although his position to the entrance new projects for his currency is not all good, deep down he knows that a solution to this is needed problem, is not a simple problem of little weight, in reality it affects the growth of the ethereum in the future, besides showing the possibility of collapsing the ecosystem of the currency

Currently there is a long list of people and groups of entrepreneurs who have been working for several years on their projects, many with great potential, which is only slowed by the problem of slowness of the ethereum, it is like riding in your sports car very fast on a rural road full of potholes, it is a great waste to see braking so many good projects just for this problem

Many pre-sales campaigns for new assets (ICO) which offer for sale ERC20 assets (operative on the Ethereum platform) are making the need to solve this problem even stronger, the same buterin has asked the community to be more participate for the development of solutions that help solve the crisis that can be generated

The safety of the ethereum also needs a hand

Parity Wallet is one of the most important Ether portfolios in the world, last summer the most serious robbery took place on this coin, around 28 million dollars vanished from the wallets of the users, This critical failure in the currency Virtual uncovered by the portfolio created by the co-founder of Ethereum is the second critical failure, another recent failure has caused that $ 280 million in Ether are temporarily frozen.

With the growth comes the need for security with high standards of reliability, every project or company that generates constant growth will be subject to attacks on its security, it is normal throughout the world, and companies and their investors must have a backing that guarantee the assets of all

The pow system is generating certain problems

The work test (pow) is the one used for the production of new chain blocks, both the bitcoin and the ethereum work under pow, this system is the one that works the miners, which have the task of solving complicated mathematical riddles and thus generate their profits, now with the mining boom, this process is being centralized, the power of hardware and software necessary to compete in this field is skyrocketing, apart from the energy consumption for the operation of these equipment is somewhat irrational, leaving the market in the hands of large Chinese companies and leaving aside the common user

These calculations require a great amount of time and expenses, and although they are necessary for the operation and security of the currency, they are only used for that work, generating several doubts about its potential and profit.

Although this is a virtual currency, the expenditure of energy for your work is not, since a transaction in ethereum can spend the energy that an average Spanish household spends in 4 days, and the bitcoin per year consumes the same energy as all of Nigeria

It also touches the environmental problem that this generates, because that energy must be generated in some way, and are expenses that were not previously on the list, so it is urgent a measure of change to make more rational the work of these virtual currencies

Is there a solution to this looming problem? Yes, GoChain has the solution!

Some ICO projects are developing new strategies and methods to try to overcome the challenges, but few have the specialized gochain team, analyzing the fundamental failure in the ethereum, its scalability, bringing innovative solutions that will allow users to change of Ethereum to GoChain for 100 times better performance.

This characteristic of gochain is fundamental for the advance, because with its speed of transactions demonstrated of 1300 transactions per second, it leaves behind the problems generated by the more of 13 transactions per second of the ethereum, it not only solves the problem of scalability, he also gives input the emergence of new projects in the future,it's like going from walking to running in an ultimate model car, with this ability to respond is supported the functionality of the platform, which is ready to work and respond to thousands of projects that can be started, without having the risk of stagnation due to the slowness of processes.

For this part we have the solution to the scalability and slowness of the processes in the future, but there is also an advance when it comes to changing the work test system (POW) to the new reputation test system (POR) that is based on the authority test (POA)

The main and most important novelty is the social justice, because a bunch of Chinese companies are appropriating the mark of mining, a system that was born for decentralization and bring equality of growth and development is being knelt by these corporations, because they use the need for computational power and financial to leave out the common user who mines and divide the loot leaving only crumbs to the rest of the world

Taking accounts of energy expenditure, mining does not generate so much waste of energy, more than 70% goes in the process of generating blocks, so the system (POW) has proved to be very inefficient at this point, it was good for the start but it is time to implement solutions that give way to the future, and technology is available with the system (POR) that uses the gochain platform, is only migration and move into the future

with the implementation of the (POR) system a system of high energetic and excluding consumption is left behind to move to a decentralized system based on reputation, different organizations around the world can bet their reputation to confirm different types of transactions and blocks, with a system that encourages these organizations to achieve compliance with the breached, these will ensure the proper functioning of the system, apart from being distributed around the world in more than 50 countries, thus achieving greater decentralization and raising the security by reducing any attack 51% making it impossible

The gochain TestNet goes flying

In the recent test during 10 hours of work it was possible to determine the speed 100 times greater in transactions in its pilot test, now, that is only the beginning, a speed is expected in May that exceeds 10,000 tps to the future, giving the incomparable advantage of instant transactions to support the projects born and those that migrate to the platform, goodbye to the problems of scalability, no more lazy movements for your project, this is simply the door to the future

The gochain wallet is fully compatible with the ethereum allowing the migration of any project to the platform to provide the advancesand backing thereof, ensuring investment and generating a broad ecosystem without restrictions of any kind for the growth of projects and births of new ideas previously limited by the scalability resources of the ethereum ecosystem

Any application born under the protection of the gochain platform is born with the backing of the solidity given by the system, it will not have future problems that surround it, nor will it need future transformations for its protection, so it should only focus on being functional and attractive for its users

GoChain Medium Test Result Publication

For more information about the gochain project you can visit its website here

You can also watch his introductory video