GoChain Smart Contract Blockchain: Smarter, Better, Faster, Stronger

Smart contracts are deplorable in virtually all industries. By design, they will be more easily managed, faster, cheaper, more accurate and more secure than traditional contracts.

Source

Hence, from the real estate to insurance, to finance, to education, to healthcare and law, smart contracts are increasingly being adopted by new and old businesses - to set up payment transfers, keep records, to execute change of ownership of goods and property and for a myriad of other exchanges and business activities. Smart contracts are used by developers to raise funds for applications and create new cryptocurrencies for the platforms. In government, smart contracts can be utilised to improve the existing voting system and much more. Simply put, the potentials of the smart contract technology are limitless.

Presently, Ethereum being widely recognised as the most advanced blockchain platform for coding and processing of smart contracts, is the main platform used by developers to create DApps. However, Ethereum has scalability issues. While hundreds of DApps are under development on the platform daily, it is only able to process 13 transactions per second. This calls or a critical solution.

The GoChain Solution
GoChain is a smart contract blockchain that is based on the Ethereum platform. It sets itself up as an alternative upgrade to the platform.

Ethereum has other fundamental problems that if addressed will solve it's scalability problem. GoChain aims to solve the problems to put be free of Ethereum's scalability problem.

GoChain will be 10x more decentralized than Ethereum
Ethereum operations has come under criticism as being not truly decentralised. Mining activity on the platform is monopolised by a few companies in China with less than 30% in other countries. GoChain forces nodes to be in different countries, under the charge of unrelated people/companies. GoChain will work with Proof of Reputation (POR) where companies stake their reputation, an upgrade on Proof of Authority(POA) as against Ethereum's use of POW.

Transactions on GoChain will be 100x Faster than on Ethereum
At the initial stage, GoChain will target 1300 transactions per second as against Ethereum's current 13 transactions per second. GoChain currently has a TestNet that currently handles 1300-2400 transactions in a second.

Stats from a recent 10 hour test run.

GoChain will utilise 1000 per cent less energy than Ethereum
Like Bitcoin, Ethereum is high-energy consuming, utilising an alarming and unsustainable energy capable of powering as many as a million US households due to its use of Proof of Work (POW) algorithm.

Thus, GoChain offers a much more faster, secure, cheaper, energy-efficient platform. The platform developers have programmed an easy shift of DApp and smart contract developers from Ethereum to GoChain.

Timeline till date:

Token Sale
The company's token presale followed by its public sale will hold throughout May 2018.

Please visit the company's website for more information.

gochain2018

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