Graphics Design Contest: GoChain

in #cryptocurrency6 years ago

Gochain a company that came to stay and grow in the cryptocurrency market, forming a scale system, under a high performance margin; Characteristically it has a low cost and has a decentralized presentation; through contracts and applications.

GoChain header.jpg

What is GoChain?
GoChain, a standalone blockchain, is a next generation smart contract platform. It’s built upon an improved Ethereum codebase that solves the scaling problem with immediacy.

To put it simply, GoChain is created from Ethereum's open sourced code, but several changes were made to make it better than Ethereum in certain ways (or so they claim). GoChain claims to be,

  1. 10x more decentralized
  2. 100x faster
  3. 1000x greener

I will explain a little more on how they can theoretically achieved this in the later sections.

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The launch of GoChain, has an operation at a constant speed, which has been developing a high progress.

Gochain.jpg

SOME FUTURE IMPLEMENTATION OF GoChain

  1. FINANCE AND PAYMENT SYSTEMS:

GoChain network can be implemented in all finance and payment systems, this would encourage faster transactions and scalable payments structures, whilst removing the activities of middle men. For instance, one might want to pay for flights, business transactions, local transactions, do online money transfers in a faster and cheaper means using GoChain network.

  1. DATA AND INFORMATION SHARING:

Small and large companies dealing with data and information sharing can implement the GoChain network into the core of their systems and begin implementation of a faster and cheaper means of sending and receiving data to and from their clients.

  1. Entertainment Industry:

The entertainment industry needing fast transition of data and information like football and races would need to integrate GoChain network on their servers for effectiveness in service.

  1. Decentralized Systems and Projects:

Blockchain developers looking to build DApps can easily make use of GoChain network to create better, faster and more efficient DApps.

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.

image,nb.png

GoChain Roadmap
GoChain-Development-timeline.jpg

GoChain Token Allocation

IMG_20180701_215835_584.jpg

More Information
https://gochain.io/

"gochaingraphic2018"

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