Hello friends of steemit nowadays the technology goes every day taking gigantic steps, which benefit us as the days, months and years go by. Currently we know we are living with the world of cryptocurrency or criptodivisa, which came to change many lives, the first currency that entered this world was the very well known bitcoin in 2009, which was a success in the market digital and brought as consequences the competition with other currencies, which always has wanted to surpass papa or mother of all, the bitcoin. An example of cryptocurrencies are those used in this platform, such as steem, SBD and others, which are earned with quality content that pleases all readers, leaving part of their voting power in our publication, as a reward will be liquidated after 7 days of our publication.

Among the many existing cryptocurrencies on the market, the vast majority use the Ethereum protocol, which was designed as an improved version of the bitcoin cryptocurrency, overcoming some limitations in its programming language, providing improved characteristics in the custody blockchain, since they are limits of retirement, financial contracts and others. Ethereum is a decentralized platform that, through its smart contracts, generates confidence and security in all users that use this platform.

With the above explained, I come to talk about the most important and important point of interest of this writing, GoChain. This is where several questions arise, such as what is it? Characteristics, advantages and disadvantages. I will explain them in the easiest way to understand.

Source

What is GoChain?
It is a network that is responsible for solving the problems of rapid growth, which saturate modern blockchain networks. Most of the blockchain companies are built on top of Ethereum, which will result in a limit of 13 transactions per second, because of the saturation of the platform.

For example:

If we have a PC (computer) with a very small processor of 1.5 GHz and a RAM of 1 GB. If we open 3 applications the PC (computer) runs normal, very fast, but when we open the web browser it needs more resources so that it works just as quickly as with 3 basic programs open on the PC (computer). That is happening with Ethereum, which due to the high demand transactions are much slower.

"GoChain solves this problem by introducing a new consensus algorithm called POR (Reputation Test). It's faster, cheaper and easier to implement GoChain is live and ready to use. It already fulfills its promise and can process 1,300 transactions per second"

As you will know GoChain in December 2017 made its beginnings and was when they implemented a proof of concept with, all the ideas, made by software engineers, was when they proved their validity and that they were right, that is why POR (reputation test ) is the main attribute and what would help to improve Ethereum, one of the goals desired by GoChain, as explained above; it is based on the use of POW (Proof of work) and GoChain uses POR (Proof of reputation).

This would bring GoChain as an advantage or benefits, because unlike Ethereum, mining is focused on China and they are vulnerable to intervention by the government, with GoChain's strategy with the POR system (reputation test) because the selected companies are located anywhere in the world and not in a single country or benchmark which forces the nodes to be in different countries, thus achieving 10 times more decentralized, one of GoChain's primary objectives.

"The reputation test works by assigning companies as authorized signers. GoChain aims for 50 companies in several countries to act as nodes. By disseminating the nodes throughout the world, the possibility of government interaction and collusion diminishes"

I will show you the evaluation points of the companies that wish to participate and be part of GoChain:

• How big is the company? (What is your market capitalization? How much is your reputation worth?)
• Does the company listed on the stock exchange? (This ensures that the company has a certain level of transparency and governance obligation, as well as an immediate impact on stock prices as a result of a lack of benefits).
• How important is the brand to the company? (What are the effects of ruining your reputation? Does the brand depend on the company?)

Goal of GoChain:

The main objective is to provide a scalable, low cost and energy efficient platform for digital currencies.

• 10 times more decentralized
  Objective: 10 times more decentralized

• 100 times faster
  Goal: 100x more transactions per second

• 1000x less energy
  Objective: 1000 times less energy consumption

To summarize quickly, GoChain becomes a public cryptocurrency, with which it is possible to develop decentralized applications and solid intelligent contracts, which are 100% compatible with Ethereum, which allows the rapid migration of application developers from a slow system, without write a line of code to an improved one by GoChain faster, fully compatible with existing wallets and Smart Contracts, which will run faster and experience with fast transactions, GoChain has a vision to go beyond Ethereum's intelligent contracts . They believe that Ethereum is one of the best blockchain protocols currently, for the support of smart contracts, due to the impact it has in so many industries and although we like what this organization has achieved, managing to grow, we believe that we can improve some characteristics such as speed, energy consumption and broader decentralization, as well as improving the system of intelligent contracts, making them easier to use and reducing possible errors.