Gochain: A better Blockchain and Crytocurrency
Cryptocurrency is widely use in this modern day technology. The number of people investing in it keep increasing daily and as such block chain technologies which enable developers to build and deploy decentralized applications such as Ethereum have become relatively slow and unsecured.
Users now find it difficult to process their applications fast and the risk of being hacked by hackers is high.
Gochain has come to eliminate this problem by providing a more secured, fast and decentralized platform.
Go chain has come to eliminate the issues faced by Ethereum
Such as
Go chain has gone through different phases of test run which can be shown on the graph below.
Go chain has decide to take it upon itself to fix Ethereum and Ethereum options, action speed, levels of decentralisation and energy consumption. All of these can be fixed by switching to POR (proof of reputation consensus).
Ethereum runs at 13tx/second at the moment and Gochain want to run at 1300tx/second which will be the fastest ever recorded. By this, transaction can be faster and more compatible.
Gochain implement POR (proof of reputation consensus) which is a higher version of POA (proof of authority) which Ethereum runs on. In POA some set of individuals provide all transaction processing and transparency can't be met with such means of operations. POR (proof of reputation consensus) guarantees public safety and security which will eliminate cheating in the system.
Public sale will begin after the test run which is a good sign for a start and public network launch will begin in May 1st 2018. It will be out for two weeks until May 15th which is few days from now. After that the public sale will begin almost immediately.
So I advice everyone to watch out for the pre-sale on the Gochain website.
If you want a more secured, decentralized and minimal energy consumption platform come to Gochain
This article has been prepared in response to:
https://steemit.com/crypto/@originalworks/180-steem-40-bonuses-sponsored-writing-contest-gochain
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