GoChain (GOC) Emerges with 'Greater' Smart Market, Contract Capabilities

averageoutsider (57)in #blockchain • 6 years ago (edited)

GoChain (GOC) Faster, More Cost Effective & Secure Smart Contracts...

It wouldn’t be an inaccurate statement to say that the ‘Crypto Sphere’ utilizing blockchain technology “is in its infancy”…The learning and growing phase that we’re currently going through, seems equivalent to parental guidance from ‘first time’ mothers and fathers. As loving parents, our strongest desire is to mold our children into the most successful, happy and productive individuals possible.

TheGoChain (GOC) smart contract initiative, kind of mirrors the above analogy. They had taken a step back to analyze specific, inherent problems existing within the Etherium blockchain functionality; and then, earnestly moved forward with solutions.

Conceptualization of improvement by GoChain’s leading team members, Jason Dekker CEO, and Chief Software Architect, Travis Reeder have reached fruition by having developed a “Smarter, Better, Faster, Stronger” Smart Contract platform for the particularly, problematic Etherium network. A much loved, yet frustratingly slow, weak and costly for optimum results, needed by today’s developers, miners, customers and all other interested parties.

With Etherium running at an estimated transaction processing speed somewhere in the ‘teens’ GoChain (GOC) has already developed a functioning ‘new’ smart contract prototype, with TestNet speeds running at a phenomenal 1,300 – 2,400 transactions per second; 100 times ‘greater’ then present Etherium’s capabilities…Amazing!

TestNet Imagery Below (A ten day performance tracking) GoChain (GOC) Impressive Results

Additionally, GoChain (GOC) is poised to accomplish an even greater speed of perhaps 23,000 TPS by full release, projected sometime in early 2019.

The GoChain (GOC) ‘Three Key’ Solution

Increased Speed, Expanded Decentralization and Reduced Energy Consumption

Of course we all recognize the advantages of processing speed, and the ‘need’ for it with the growing transaction load being placed upon Etherium by current demand. GoChain demonstrably has solved this problem for emerging projects as well as for services which already exist; and with a fully seamless, integration model.

The GoChain decentralized replacement concept, from the current POW, or POS to a new POR (Proof of Reputation) greatly improves the stagnated, four entity mining companies, which control/produce the vast majority of major coins and tokens.

Proof of Reputation (POR) is actually an improvement upon the POA (Proof of Authenticity) conceptual model. With ‘POR’, organizations “stake their reputations in order to validate blocks…” thus an entire company rather than an individual acts as validators”. These validating companies will be spread out into about 50 separate entities in various countries around the Globe. This method of delivery further enhances stability and security of a system; not vulnerable to individual government interference and 51% hacks, according to GoChain’s assessment.

Savings on energy has a multitude of positive effects, which GoChain provides as well. Making the whole process ‘Greener’ in nature, not only makes it more cost effective, but also a global, power consumption, savings facilitator…More profit, with less of a carbon footprint. What could be better than that? GoChain deserves to be applauded for that initiative alone…"Bravo".

Source

GoChain (GOC) ICO Investment Information

The GoChain 'GOC' presale, investment opportunity will be opening on May 1st, 2018 and continue through May 15th. Thereafter, from the 16th to the 31st of May, their ‘Public’ sale will be underway. I encourage you to visit their GOC information pages at GoChain.io

GoChain (GOC) Informative Links Provided Below

Disclaimer: The author is not a licensed financial adviser, and any statements made within this article are strictly made as a personal opinion. If you are considering an investment into 'any' ICO or cryptocurrency in general, do not invest more than you are able to risk in potential losses.

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