The creation of cryptocurrencies caused the world to travel through new forms of economic transactions. In another era, it was impossible to transfer money in most of the world, and, now, it is not only possible, but it is safe, cheap and easy. The ownership of the assets is stored in a secure and decentralized way in a database called blockchain. This decentralization prevents that any government or company controls it. However, although the potential of the block chain is huge and changes the world, there are some problems related to the issue of scalability, true decentralization, and the excessive use of energy in the handling of cryptocurrencies. Precisely, within this context, GoChain appears as an alternative to impose on these failures, since it is being built to solve fundamental problems that plague existing cryptocurrencies. It is worth noting that the GoChain team has decades of experience in high-scale construction and distribution.

WHAT IS GOCHAIN?

GoChain [GO] is a decentralized cryptocurrency that allows intelligent contracts and distributed applications. This has a highly scalable chain, with high performance and very low commissions. The basis of your code is the improved Ethereum code that solves the scaling problem with immediacy. In fact, on the website GoChain ensures that it is x10, x100, x1000 more decentralized, fast and ecological.

PARTICULARITIES OF GOCHAIN

Among its features we have the following:

• It is a public cryptocurrency
• Develops decentralized applications
• Has smart and robust contracts
• It is compatible with all existing Ethereum wallets
• Its transactions are fast, since the decentralized platform of next generation applications goes beyond the smart contracts of Ethereum.
• The current price of each currency is 0.02 $, the total amount of coins is 1,000,000,000 GO.

ADVANTAGES OF USING BLOCKCHAIN TECHNOLOGY IN THE FIELD OF INTERNATIONAL TRADE

1. Greater volumes in transactions
2. Increased security in operations.
3. Human errors will decrease considerably.
4. Reduction of the necessary costs.

CHALLENGES OF THIS TECHNOLOGY
One of the great challenges of this technology lies in the issue of scalability that is related to the ability to adapt to the changes that arise from the demand of cryptocurrencies, this is to adjust to the realities of the user. At the same time, strengthen the aspect related to security by reducing the level of fraudulent transactions and ensuring the success of them.

Thank you for reading. Greetings.

More Information & Resources:
GoChain WebSite
GoChain WhitePaper
GoChainTelegram
GoChainTelegram Announcement
GoChainGitHub
GoChainReddit
GoChainBitcoinTalk
GoChainTwitter
GoChainFacebook
GoChainMedium