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GoChain : Smarter, Better, Faster, Stronger

Whats up Dtubers & Steemians. @chuuuckie here again with another video, and today we will be discussing if Ethereum will be much faster than the steem block chain.

first off "this video and post is sponsored by GoChain : Smarter, Better, Faster & Stronger with the contest hosed by @originalworks"

Now lets begin

What is GoChain?

As quoted "is a smart contract platform blockchain aimed at solving the issues present in platforms like Ethereum. The Ethereum network has issues with scalability, decentralization and security. GoChain is designed for immediate integration, allowing developers and existing Ethereum projects to shift their projects into GoChain smoothly. GoChain currently has a TestNet that is fully functioning. The prototype currently handles 1300-2400 transactions per second." GoChain also aims to solve other crpytocurrencies.

Change is Coming

Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. Which GoChain will improve more about the exchange of money, property and shares. GoChain will probably solve it by enhancing the scalability, decentralization and security. GoChain not only solves the scaling problem of the Ethereum but will also get 10x more decentralization, 100x increase in speed & 1000x Improvemenent in energy consumption.

100x Transaction speed

We all have the same problem, and that is our transaction speeds from steem to eth. If GoChain will be simply implemented this May 2018. ETH transaction will be more likely to have a transaction speed like steem. It would be a lot more better since #Philippines are leaning to Steem to ETH currency because it has more cheaper transaction fees and a lot more faster than bitcoin.

1000x Imrpovement of Power Consumption

Based on what I understood about power consumption about GoChain is. Go chain will be helping or supporting other cryptocurrencies because they believe that bitcoin transactions can almost power a thousand of households. Which this concludes lesser power consumption. With lesser power consumption this also benefits our mother earth and our mother nature.

POR or Proof of Reputation

Just like the Steem platform. When you have a low Reputation, the public wont trust you. GoChain will nevery allow participants with a Low reputation. The GoChain implemented that if participants cheats the system. They will face lower reputation scores & face other consequences. This will benefit not just for GoChain but for everyone so everyone will trust the GoChain and especially the Blockchain technology. Proof of reputation also attracts investors and other big companies so that if they can trust something from the blockchain technology.

More of this here

GoChain Website
GoChain WhitePaper

gochain2018

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