gochain
The blockchain network has brought great possibilities to the current economy, through cryptocurrencies it is possible to make transfers to any part of the world in very short times with a robust security level. However, there is a problem of scalability in this network. At first a platform is created to trade with a certain number of users, at the beginning of the technology there were few who used it and at short scale the operations do not represent any problem for the platform, but the blockchain technology has become very famous and profitable, which has attracted a large number of users, this is a problem on a large scale because the operations within the platform consume energy, today many operations are performed simultaneously overloading the platform, slowing down operations and consuming more energy than necessary.
The ETHEREUM network is currently one of the most widely used as it presents this major problem, however the intention today is to present a solution to this problem.
GoChain is the next evolution of blockchain adapted for the Ethereum network which solves the scalability problems allowing to go from 13 operations per second to more than 1300 operations per second without altering its stability. What this platform does is replace the Ethereum network without making code changes, so it is very easy to make transfers and migrations. In addition to solving scalability problems, this network provides a more decentralized environment by changing the reputation-proofing (POR) working test consensus algorithm (POW) to an improved, stronger and more secure form of authority testing (POA).
The energy consumption is also considerably reduced, this platform is based on intelligent contracts so that the safety of each operation is guaranteed. For more information visit the official website
https://steemit.com/crypto/@originalworks/180-steem-40-bonuses-sponsored-writing-contest-gochain
gochain2018
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Hi buddy, hope you're well.
This project definetly looks quite promissing. I've never heard about this one before.
Some time ago I discovered NANO and it also seemed to be quite similar to GoChain. Cheaper, faster, better. Any idea if Nano can be considered direct competition?
ps.
Did you consider justifying your text? It would be easier to read.
Yours,
Piotr