GoChain : Smarter, Better, Faster, Stronger | Let’s go to tour on the GoChain train?
Cryptocurrencies are becoming more recognized internationally. The behind ‘blockchain’ technology behindhand Bitcoin and the stand-ins (‘Ethereum’) is existence projected for a variety of applications in every sector. Prosperous cryptocurrencies carry new technologies and advanced solutions to the market. Even Microsoft is consuming the Ethereum blockchain technology as part of a ‘blockchain as a service’ model.
The prospective usages of cryptocurrency and smart contracts through the blockchain are world-shattering and have the prospective to interrupt nearly all trade and institution presumable.
Though there are still obstructions met by their proponents. These consist of not scalable, absences of actual decentralization, and is using ridiculous quantities of energy that is not maintainable. GoChain proposes to solve those difficulties with Smarter, Better, Faster, and Stronger.
What is GoChain?
GoChain is an Ethereum based smart contract blockchain that is fast scalable, secure, and actual decentralized. It is 10x more decentralized, 100x faster, and 1000x greener. GoChain is planned for instant incorporation, permitting developers and present Ethereum projects to transferal their projects into GoChain easily. GoChain presently able to handles 1300-2400 transactions per second.
Features:
1. Speed:
The main problem of Public, decentralized cryptocurrencies is slow transactions. The transactions ratio is only 7 to 15 per day and also take huge time to verify the transactions. But intend to solve this problem. GoChain has a sturdy transaction system that has confirmed to be capable to perform 1300 transactions per second.
2. Decrease Energy Consumption:
The procedure of mining blocks usages a huge volume of energy. But GoChain uses 1000x less energy!
According to Guardian opinion-
In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland.
3. Decentralized:
Another main problem of Cryptocurrencies is not actually Decentralized. Most of the mining is based on specific countries and the majority of that is run by just a few companies. But GoChain system intends to establish a 100% Decentralized network.
Token Sale:
According to GoChain Website,
'The GoChain token sale will be done in 3 phases. At the start of the public sale, all tokens will be distributed and tracked in an ERC20 token. These tokens will be transferable to GOC once the GoChain mainnet is live."
GoChain going to start their pre-sale on May 1st. It will open for two weeks, until May 15th. The minimum price of pre-sale is 5 ETH. The Public Sale will start for two weeks after that, from May 16th to May 31st. The minimum price of pre-sale is 0.5 ETH.
For More Information:
GoChain Website
GoChain WhitePaper
GoChain Telegram
GoChain Telegram Announcement
Source of Pictures: GoChain Twitter and GoChain Website
This is my entry in the contest 180 STEEM + 40 Bonuses ~ Sponsored Writing Contest: GoChain
gochain2018
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