GoChain a decentralized cryptocurrency and blockchain

in #cryptocurrencies6 years ago (edited)

GoChain -a Decentralized cryptocurrency and blockchain that will allow more transactions in less time

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Hello everyone. I invite you to comment, learn and participate as much as possible, to continue growing in this world of Blockchain


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Blockchain and cryptocurrencies have come to revolutionize the world, the speed at which this technology grows can not be measured, however not all people understand the good consequences that these applications are going to have in the future and do not know anything about them . Many people have heard about the blockchain, but what is it?, this is a shared database that works as a book for the record of purchase-sale operations or any other transaction. The Blockchain is transparent, its records are immutable, the transactions are anonymous and no intermediaries are needed. However, as the number of users grew, transactions began to be slower and more expensive, so it needed to be rectified in order to improve.

Many companies chose to migrate to the world of blockchain but are not prepared to sustain their own chain, so new chains began to be born to be built on them and one of these Ethereum.
Ethereum is a blockchain that also has its cryptocurrency and offers intelligent contracts and diverse decentralized applications, an intelligent contract verifies and is the guarantee that a digital negotiation is fulfilled.
However Ethereum has had some problems because it is not scalable and has exceeded the limit of transactions it supports, the scalability is based on the fact that as more and more people make use of the Ethereum network, more difficult make the transaction, and you can not make changes to your code without making a fork.

Bitcoin presented this same problem and Ethereum came to the rescue but the same thing happened to it, it can only handle 13 transactions per second, and demonstrated with the cryptokitties that it was already behind in transaction speed, so new projects have been created that will allow faster times of transaction, suppose you are the only vehicle in the city and when you go to work on the highway you do not show any delay and you arrive fast, however with the passing of time more people have vehicles and all go to work for the freeway, so you find congestion and start to arrive late to your work, and you start to think of alternative highways, and this alternative here is called GoChain

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What is GoChain?

It is a blockchain that offers scalable intelligent contracts, is built on a base of improved Ethereum codes that allows the speed to increase 1300 trnsacciones per second (for now in the TesNet) and has reached up to 2400 TPS.Ademas ellpo, anyone that this using the Ethereum network can be transferred to the GoChain network without any problem, This offer more decentralized, increase the speed and therefore be more efficient and save more energy.

  • 10x DECENTRALIZED
  • With the protocol POR the identity of the programmer of each node is known, so the user can choose his trusted node, and direct his negotiation towards him.
  • 10x Faster
  • With a number of transactions of 1300 TPS, since GoChain is considered the chain of blocks with greater speed, the simplification of nodes makes transactions more effecient and lower in costs.

    Proof of reputation

    GoChain works with proof of reputation, reputation is important in the business world, and applies to verify transparency and trust, applying this protocol many companies will trust and invest making the market and supply of this blockchain grow.
    The partners can communicate directly with each other, the nodes are simplified and the transactions are carried out quickly so that the energy expenditure is minimal.

    Source

    Road Map


    Token Sale

    The pre-sale of Tokens was made in May, and according to the Road Map, the mainnet will be open to the public also in May.


    In conclusion, GoChain proposes to be the decentralized network with greater speed, the platform will be scalable and accessible and according to its reputation protocol, the transactions will be more reliable and simplified.

    Site GoChain
    Whitepaper

    This is a presentation for the contest of OriginalWorks

    gochain2018

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