GoChain Blockchain Scalability Solution:

GoChain is a cryptocurrency and scalable, low-cost, high-performance, decentralized blockchain that supports intelligent contracts and distributed applications.

GoChain is the answer to the speed / volumes of transactions, decentralization and power consumption between some modern blockchain network systems. Its mission is to provide a low cost and efficient energy platform for digital currencies and decentralized mobile applications.

To achieve this GoChain makes improvements on ETHEREUM in:

1. 10 times more decentralized.
2. 100x more transactions per second.
3. 1000 times less energy to run the network.

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Gochain Introduces a New Algorithm (POR):

With the introduction of the new consensus algorithm called POR ( Proof of Reputation), GoChain solves the problems of speed / volume of transactions, greater decentralization and lower energy, since this is faster, cheaper and easier to implement. Succeeding to process 1300 transactions per second.

While ETHEREUM uses the well-known POW (Proof of Work ), as its algorithm, GoChain uses POR.

An existing problem is that when most of the cryptocurrency miners are in the same country, they are affected by government policies, collaboration and collusion. Not being as decentralized as we could be

With POR (Proof of Reputation), it works assigning companies as authorized signers. GoChain intends that 50 companies around the world act as nodes and in this way prevent governments from interacting and colluding.

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Criteria Used for Reputation by GoChain:

1. How big is the company?
2. Is the company listed on the stock exchange?
3. How important is the brand of the company?

These are some of the criteria GoChain will take into account for a company to become a node.

Compatibility with ETHEREUM Dapp:

GoChain offers compatibility with all Ethereum Dapp systems. This allows you to migrate your applications to GoChain which is 100x faster in your transactions and with lower costs than Ethereum.

Flexibility to Companies:

Gochain will allow companies with a feature to update their code and give them the freedom to decide how they want to do it. This is an innovation for companies that will decide which method to use to update the code through consensus or prior agreements within companies. An example would be: to vote (with a minimum amount for approval), updating your code.

Final Considerations:

GoChain has demonstrated that its project is innovative to solve important problems in the blockchain that are measurable within the platforms compatible with Ethereum. It solves its incorporation efficiently, safely and cheaply within the Ethereum ecosystem.

GoChain has shown that it is here to stay and innovate, that it is a competitive and solid platform in the area of ​​cryptocurrencies, offering with its token a financially stable currency compatible with the entire Ethereum ecosystem, facilitating its use to GoChain users as well as be faster and lower cost than Ethereum.