Many scalability problems are accentuated in the blockchain of ethereum resulting in the stagnation of many projects, limiting their future and growth, this issue is not new, even its creators can not avoid talking about it

The father knows what his son is suffering from !!

The founder of Ethereum pointed out that at the moment it would not be viable to develop decentralized proposals similar to Uber in the Digital Currency Blockchain, since currently it does not have the operational capacity necessary to process a greater number of transactions per second.

These statement was given at a conference by Vitalik Buterin the founder of the ethereum platform

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The saturation of the networks seems to be the big problem of cryptocurrencies, especially to the cri`ptomonedas ecosystems that have boomed worldwide, and as everyone knows the second most difficult cryptocurrency in the world is the ethereumquien now it's up to face the same situation: too much traffic collapses their networks.

The saturation that Ethereum has suffered in recent months has been caused mainly by the amount of ICOs released. An ICO (Initial Coin Offering) is an Initial Offer of Currencies used to obtain investment in the development of new projects within the Ethereum system. With them, investors get a few tokens of the application developed in exchange for cryptocurrencies.

To give you an idea of ​​the dimensions of the subject, I'll give you an example. Recently, the Status project, a mobile messaging application, raised the equivalent of 270 million dollars in just three hours. With this figure, you can imagine the level of traffic that the ICOs suppose for the network. So, it is not strange that the system is saturated, there are thousands of transactions that are made worldwide, because as this ICO there are seeds born in this ecosystem, in addition to the platforms born under the ethereum that are already in operation

We must also add the fact that the increase in demand from ethers has caused a spectacular rise in the price of the currency in a very short time. This has attracted investors and speculators from all corners of the world, who seek to obtain large profits quickly, thus creating more operations that the network can not process. Then, we have that Ethereum is not prepared to assume so much traffic in its system. The problem of scalability makes its appearance. Which is somewhat paradoxical, given that in general it is considered that Ethereum does not have a real base of regular users (as Bitcoin does), and that it is still technically quite far from the original vision of the "world computer" of its creators.

If you read 15 transactions per second, you think it's something quick, but it's not like that, a single platform can cause slow information traffic, for example, UBER, an application to get a taxi service, this platform is expanding exponentially in Latin America and very soon it will be able to reach its expansion worldwide, if this platform was born in the ecosystem of the ethereum it could not be expanded by the simple fact that the system does not provide the amount of transactions it needs to work, in an average city there are 50,000 taxis, we are clear that not everyone will use the platform at the same time, but I am sure that more than 13 transactions per second would be very short

Understanding the problem we see better why the GoChain platform is necessary

The work test (pow), is a computer algorithm, used to reach a decentralized agreement, which determines which of the blocks will be added to the chain after mining.

This protocol aims to avoid cyber attacks such as denial of service (DDoS) in which it is intended to exhaust the resources of a computer system, by sending multiple false requests.

The platform of the ethereum uses the POW work test to validate their transactions, at first it was fine, but as the network grows we are finding a bottleneck, the system increasingly requires more computing power and energy, which is only gives use in terms of security, we are burning and we need solutions, we are clear about what are the disadvantages:

Mining requires highly specialized computer hardware to execute complicated algorithms. The costs are unmanageable. Mining is available only for special mining groups. These specialized machines consume large amounts of energy to operate that increase costs. The large costs threaten the centralization of the system. It is easy to see in the case of Bitcoin.

On the other hand, since decentralization is not so decentralized that we say, the largest amount of computing power devoted to mining is distributed among a few Chinese companies that have made the need for computing power an advantage, this part is clearly visible if we look for statistics on this particular topic

Then, the need for computing power, the wasteful energy, the monopoly in China over mining, the slowness in the processes, all this needs a solution by which Gochain comes in with its PROOF OF REPUTATION (POA)

Reputation test (POA) It is the way in which gochain creates the solution to the disaster that is about to explode, taking the game out (POW) to make a complete advance, in a more balanced and truly decentralized way, so let's see the because it is an advance in every way:

To start, gochain creates an ecosystem where 50 companies spread around the world will have the responsibility of serving as nodes for the security of the system, companies must have a series of requirements to be able to choose such an important role, among them we must have actions in stock market, this issue is very important, because if one of these companies fail, their assets would fall like rock, making the loss much stronger than the fraud that can be committed, in addition there are 50 companies, so if one fails, the others remain to maintain the system

The localities must be different, there is the other advance, a true decentralization, this is the end of the Chinese monopoly existing nowadays, all the big mining companies are in China, they use the amount of energy and power computing to create the end of system decentralization (POW)

The speed of transactions increases 1000%, and they are only heating engines, with the system (POA) the validation of blocks is fast and without consuming the amount of energy consumed by the current system, it contains the speed and leaves behind the energy waste which is spoken today, it is estimated that a validation for bitcoin at this time consumes the average energy consumed by a Spanish home in 6 days

The gochain platform reaches a speed of 1300 transactions per second, but even more impressive is that the TestNet that Gochain is implementing aims at "13,000 tps or 1000 times the speed of Ethereum" speed that accommodates a series of systems or platforms that today can not work in the ecosystem of ethereum, a clear example is UBER, and their needs for transactions per second, example shown at the beginning of the article.

And if that were not enough ... .. I'll go back to see my video cards for my favorite games, and nobody will burn down their neighborhood looking for a few coins

The mining is centered in China, that's true, there are burning with so many big companies staying with the real juice of the matter, even so, many around the world try to undermine, and I am not against, but does it really bring any benefit? So much enegia consumption is cruel, zero of my part this, millions of people have no access to electricity, while millions of watts are spent in mining alone? I'm sure they are not taking the plug out of their houses to someone to do it, but it's a waste, apart from the pollution that it brings as a consequence of producing this energy, it's a very controversial topic, but without a doubt, that energy is only use to validate a block and until there is left, those resolved mathematical calculations are only used for that purpose, and until that time, do not you see the need for change? Of course!!

GoChain makes it easy for you:

Realizing a functional platform, 100% compatible with the ecosystem of the ethereum, existing projects can migrate easily and safely, without having to modify any line of code, without having to update anything, the transition is designed for the problematic of the ethereum and so it was designed, giving answers to each problem to achieve a functional ecosystem in which migration is fast and safe

New projects can also be started on this platform, thus achieving the benefits of the blockchain of gochain, leaving behind the problems of scalability and thus be able to expand at their own speed, without finding any wall that confines them to a specific space.

Users much happier with much faster and cheaper transactions, in fact it is a necessity today, it does not make sense to increase the cost of a transaction as it becomes slower and tedious, apart from wasting energy to achieve its security and make me lose time for your wait, in every way we must take the step towards the future

FOR MORE INFORMATION, LOOK AT THIS GOCHAIN VIDEO