GoChain: The Long Waited Solution To The Cryptocurrency-Challenges
Advent of GoChain
Due to the fast growing awareness, knowledge and utilization of cryptocurrency, the existing blockchain technology, relating to ethereum, are faced with the challenge of low transaction speed, energy consumption, centralization of mining and even scalability.
Many have tried to provide lasting solution, but to no avail.
Hence, the advent of GoChain; to aid the growth of the existing chain in line with the dynamic growth of cryptocurrency.
GoChain will address the challenges, enabling easy diversion for the existing chains/applications, speed up transactions, decentralising cryptocurrency mining and even a better security.
GoChain Algorithm
GoChain algorithm is based on Proof Of Authority (POA); users/companies stake their reputation, hence, warrants that the identity of validator of a chain be known. This would enhance better discipline and security. Therefore, GoChain will change Proof Of Work (POW),which is based on individual, to Proof Of Reputation (POR), which is based on chain/company.
GoChain platform is capable of handling 1,300 transactions per second. Also, GoChain has exhibited reasonable compatibility with the existing chains.
Via the POR Algorithm of GoChain, there will be automatic decentralisation of networks, as GoChain is to position the network users in 50 countries, to aid even distribution of control of cryptocurrency value.
GoChain Token Sale
""GoChain will be starting their pre-sale on May 1st. It will run for two weeks, until May 15th.
The Public Sale will be held for two weeks after that, from May 16th to May 31st.
If you have any questions, the active team will always be happy to answer them on their Telegram!""
CEO-Jason Dekker
CHEIF SOFTWARE ARCHITECT - Travis Reeder
For more informations:
https://gochain.io/
https://gochain.io/gochain-whitepaper-v2.1.2.pdf
https://t.me/go_chain
https://www.facebook.com/gochaingo
https://twitter.com/go_chain
GoChain 2018#
This post is an entry to a contest of Originalworks:
https://steemit.com/crypto/@originalworks/180-steem-40-bonuses-sponsored-writing-contest-gochain
#GoChain 2018!
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