Who on earth doesn't want something better? [GoChain]
A public cryptocurrency, building decentralized applications and solid smart contracts, compatible with Ethereum-based tools, with fast transactions and contract execution. Expecting to improve decentralized platforms.
There is a modest demand when referring to improvement on technologies, particularly if the ones actually running are not capable enough; thus, projects development that helps to go towards betterness is always well received, improvement is always constant; then, GoChain is a right-on-time expected solution for Ethereum overall issues. GoChain represents new coming advance into cryptocurrencies world.
It’s possible to think that Ethereum is holding back its potential due to these issues mentioned before. Now, mentioned what GoChain is able to do, it can possibly be a game changer. GoChain has proven its capacity, being said that… Great things are coming.
Some main problems pending to solve are slow transaction speed, unsustainable energy consumption, unfair decentralization, safety issues (either in blockchain or identity). Being so GoChain's goals:
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications. [GoChain]
Then, it's highly important to know how GoChain is doing it. Let's introduce Proof of Reputation (POR), the core of each benefit upcoming from GoChain, ¿What is it? ¿Why is it so essential?
POR is an upgraded, stronger, and more secure form of Proof of Authority (POA). In POA the transactions and blocks are validated by approved accounts known as validators. [GoChain]
Introduced the basic Proof of Reputation (POR) concept, putting up safety first... Its system is strong, what's likely to be by far key into trustability; so, whenever it exists a lot of troubles are dismissed. Even more, if there exist connections between platforms (GoChain-Ethereum) because space gets wider & the risks become lower (improved decentralization); since operations are becoming faster due to (POR) and dealing with data way better allowing higher transaction speed. The scenario for growth is visible; now if building a project hand-to-hand with GoChain, the odds of growth seems great.
As earth care is turning something beyond simple humanity (a serious matter), ¿wouldn't it be nicer if done green? Also, by switching to (POR), it won't be present the algorithm (PoW) which consumes a high amount of energy (Bitcoin & Ethereum mining). Thus, aiming to promote (POR) thinking of a green cryptocurrencies world, saving energy for what really needs it.
Value is scattered all over GoChain. Be aware constantly of its impact.
Sources (All media images & information): GoChain website & GoChain whitepaper.
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Wow, it's like I've read this before.
Excellent post and thanks for explaining this to me.