Have you ever experienced one of these issues?

1. Sending Ethereum to a friend and having to wait for a long time because your preset transaction fees( in gas and gwei), is not as high as that of other users in line?
2. Filling an airdrop/self drop, needing to send ethereum to a Smart Contract and having the transaction fail due to plenty transactions on-going in the ethereum network.
3. Having to pay large amounts as transaction fees to bypass transaction log only to find out you just wasted your time and money,
4. Trying to update your DApp codes on the Ethereum network and having to go through the stress and bureaucracy of hard forks and soft forks, on your own codes.
   Have you been looking for a way out? Have you been looking for a solution? Here is something better than a solution.

INTRODUCING GoChain

GoChain is offering a better blockchain and cryptocurrency than the contemporary blockchain technologies we have seen so far.

GoChain is a scalable, high performance, low cost and decentralized cryptocurrency and blockchain that supports Smart Contracts and distributed Applications.

GoChain solution to the blockchain technology entails a system that is
1 . 10x More Decentralized:

As decentralization of ethereum blockchain was not achieved due to the fact that more than 70% of Ethereum mining is based in China and this is run by 4 big Chinese companies, GoChain plans to spread their Nodes to companies across 50 countries using the Proof Of Reputation (POR) Algorithm, which ensures that these companies have a level of market capitalization and other parameters to prove their reputation in the node pool.

1. 100x Faster Transactions:

As we already know,

Ethereum blockchain can only process 13 transactions per second
However, since the launch of GoChain’s mainet, GoChain has surpassed their initial target and is processing over 1300 transactions per second real-time. Which made KuCoin, one of the world’s largest exchanges to host a node on the GoChain network. Check it out here

1. 1000x Less Energy:

GoChain utilizes less energy consumption force as compared to Ethereum network and delivers faster transactions with 1000x less energy, by utilizing energy consumption algorithm of other cryptocurrencies.

PROOF OF REPUTATION

The Proof Of Reputation Algorithm introduced by GoChain is very effective to ensure decentralization and it beats all former algorithms such as Proof Of Work(POW), Proof Of Stake(POS), and Proof Of Authority(POA).
BELOW IS AN INFOGRAPHIC OF (POR) ALGORITHM

SOME FUTURE IMPLEMENTATION OF GoChain

1. FINANCE AND PAYMENT SYSTEMS:

GoChain network can be implemented in all finance and payment systems, this would encourage faster transactions and scalable payments structures, whilst removing the activities of middle men. For instance, one might want to pay for flights, business transactions, local transactions, do online money transfers in a faster and cheaper means using GoChain network.

2. DATA AND INFORMATION SHARING:

Small and large companies dealing with data and information sharing can implement the GoChain network into the core of their systems and begin implementation of a faster and cheaper means of sending and receiving data to and from their clients.

3. Entertainment Industry:

The entertainment industry needing fast transition of data and information like football and races would need to integrate GoChain network on their servers for effectiveness in service.

4. Decentralized Systems and Projects:

Blockchain developers looking to build DApps can easily make use of GoChain network to create better, faster and more efficient DApps.

BENEFITS OF EXISTING CRYPTO COMPANIES TRANSFERING FROM ETHEREUM TO GoChain

The benefits of transfer from Eteherum blockchain to GoChain for existing cryptocurrency companies would be enormous as they would begin to enjoy:

1. Faster transactions
2. Scalability across all platforms
3. Cheaper and more efficient projects
4. Less time and energy consumption
5. Larger customer-base
6. Enhanced and improved services
   And lots more.

POTENTIAL IMPACT OF 100X SPEED AND 7500x CHEAPER TRANSACTIONS

The impact of having a blockchain with 100x more speed and 7500x cheaper than the existing blockchain technology would be massive, it would lead to :

1. MASS ADOPTION:
2. INNOVATION
3. MORE DAUNTING PROJECTS
4. VERSATILITY

HOW GIVING COMPANIES THE ABILITY TO CHANGE THEIR CODES WOULD OPEN DOORS FOR MORE BUSINESS TO GET ABOARD:

GoChain team has implemented an algorithm to allow existing crypto companies on the ethereum network to easily cross over to GoChain blockchain without the need to write any code,this would make it possible for more companies to enjoy faster transactions on their businesses and at the same time enjoy cheaper services. This in turn would lead to:

1. Better customer satisfaction
2. Reduced charges on products and services
3. More reach
4. Ability to incorporate more services into portfolio
5. Ability to Change/Improve on Codes without the need to hardfork

WHY IT IS IMPORTANT TO CATER BLOCKCHAIN TECHNOLOGY TO THE COMMERCIAL SECTOR

Blockchain technology (which has been the backbone of all cryptocurrencies), before now has been limited to the knowledge of the geeks in the society, with its complexities and algorithms which require a set of skills and knowledge base in order to understand, it has made globalization a hard task.

Globalization of any product or service, begins with commercialization of such product.

And as such, the idea of GoChain to commercialize the blockchain industry is indeed a right step at the right time, with the challenges of scalability facing the ethereum blockchain, the faster and cheaper transaction system brought about by GoChain team would be effective in commercializing the blockchain industry, this would lead to more companies moving over to the crypto space and building , making rooms for more projects, innovations and better competition in the blockchain industry, this would remove all forms of monopoly, bereaucracies and ensure an efficient system.

HOW GoChain PROMOTES MASS ADOPTION TO CRYPTOCURRENCIES

Mass adoption is catered for by giving the masses a better option to what is in vogue. GoChain has brought about not just a better option, but a solution to the challenges created by the former systems, this solution has been proven to be reliable as KuCoin, one of the leading exchanges has hosted a node on GoChain network, as more crypto companies join the list to enjoy faster, cheaper and more efficient transactions and better services, other companies which are not crypto based would begin to migrate to blockchain systems, leading to the migration of structures, systems, customer-base, et cetera into the blockchain network, and new projects would be launched lading to worldwide mass adoption of blockchain and cryptocurrencies.

GoChain’s transaction fees 7500x lesser than Ethereum Blockchain

GoChain Introductory video

My Review Video

GoChain Roadmap

GoChain Token Allocation

GoChain Team

GoChain Partners:

GoChain is now on Blockfolio

List of Nodes
GoChain Wallet
GoChain Explorer
KuCoin Officially is a Signing Node on the GoChain Network

For More information about GoChain, use the following links
GoChain Website
GoChain WhitePaper
GoChain Telegram
GoChain Telegram Announcement
GoChain Github
GoChain Reddit
GoChain Bitcointalk
GoChain Twitter
GoChain Facebook
GoChain Medium

ALL IMAGES WERE SOURCED FROM GoChain Website AND
GoChain WhitePaper

This is my entry for @originalwork”s writing contest, join here
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