GoChain | The Fastest Blockchain

The growth of computer systems is increasingly increased by the applications that are emerging and that at the same time offer a wider range of services. All these services are created from a need presented by a person or group at a certain time.

New technological trends indicate that the industry must bet on updates to its production systems that lead to improved performance, optimization of resources and speed; being the latter, in my opinion, the most important because it allows to advance at the same pace or exceed the competition.

This property of adapting without losing quality, managing the continuous growth of work in a fluid way, and being prepared to get bigger without losing quality, is what is called scalability.

This scalability property is the focus of smart contracts, which gives the blockchain, like Ethereum, the opportunity to maintain its reputation in the game and make a difference.

Ethereum, a blockchain that was originally conceived as an improvement of Bitcoin, to overcome limitations through a very widespread programming language. But at the moment it presents problems of scalability, decentralization and security.

GoChain is born from this problematic.

GoChain is a blockchain with the ideal properties to provide intelligent contracts essential features to maintain their efficiency over time, to keep pace with technology and create a portal to the future of investments in this financial area.
A good attraction of GoChain is the compatibility, since smart contracts can be moved from Ethereum to GoChain immediately, so that companies will not waste time to make the change of platform. This will facilitate the decision of the designers and also give the initial push to GoChain.

The speed of GoChain makes another call of attention to the companies, since it can process 1300 transactions per second, this makes it 100 times faster than Ethereum and 185 more than Bitcoin. This is very important for the blockchain projects that have their sights in the future, they will work with more slack and will strengthen their performance since they will be more efficient in the sense of their economic interests.

And it is said that this world, as far as economic matters are concerned, turns faster and faster and having a business means responsibility. A responsibility that must be maintained from beginning to end in the work, and more when in blockchain transactions work 24 hours and massive growth every day is increased at a rapid pace, so offer initial projects a start from zero but with an acceleration 100 times higher than your competition in the market will produce an effect of attracting smart contracts towards GoChain. In turn, ongoing projects will want to address scalability, security and decentralization in the hands of GoChain.

GoChain is committed to saving 1000x on energy consumption, which offers another advantage in its blockchain operation. It is estimated that the energy Bitcoin works with could feed more than 3.5 million households in the US. US, 1 million to run Ethereum. What in these times in which it is important the preservation of the planet, and in what we must have more conscience on the consumption, is unacceptable. This indirectly opens a further guarantee on the platform, since there will surely be plans later to preserve the planet, and energy consumption will be controlled as the first important decision, and that the other chains will be limited in their handling due to the exorbitant fraction in energy consumption.

GoChain as a guided system in such a way that people can have a digital currency called GOC that can be transferred between users and purses without a central government controlling it. GoChain will get a group of decentralized companies to work to verify that the number of transfers that have existed during a certain time is correct and that there has not been any abuse. This is achieved through the protocol of "Poof of Reputation (POR)", this is an update of the existing concept of "Proof of Authenticity (POA)". This gives the users greater credibility, a greater sustenance, because they will know that behind this system there is an organizational backing, generating a security environment.
Unlike Bitcoin, which should encourage people to verify that it is correct through their currency. But who does it pay for? Whoever verifies these transactions more efficiently complies with a series of rules. The user who has spent time, energy and computational power in validating that a number of transactions are correct, must demonstrate and verify it. This is what is known as "Proof of Work (POW)." This POW is a mathematical compendium that must meet certain conditions.The important thing is the node, the user, the purse that verifies that block of transactions. of people show that one of those transactions in that block is incorrect or abusive, for example: that there is no adequate balance in the account or try to transfer from one account to another without funds, etc., you need that POW, that algorithm, so that the system of verification and creation of blocks works.This does not generate the same confidence as GoChain.

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More Information & Resources:
GoChain Website
GoChain WhitePaper
GoChain Telegram
GoChain Telegram Announcement
GoChain GitHub
GoChain Reddit
GoChain BitcoinTalk
GoChain Twitter
GoChain Facebook
GoChain Medium
GoChain Crunchbase

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