Gochain! A new world of possibilities

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Have you ever tried logging in to your Facebook and what's supposed to take a few seconds take maybe 10-15mins. Imagine the frustration trying to do a research using Google platform and it take forever to load. Personally I've been on this end several times and due to my impatient nature I get infuriated,disgusted and frustrated.
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I'm sure by now you'd be asking "whats his point" well I'm getting to it.
With the introduction of ethereum the crytocurrency landscape experienced a drastic turn around as it came, providing users with the possibility to overtake the
market capitalisation, and thus value, of bitcoin. This is
because from the get-go it was a more versatile tool.
When bitcoin became the world’s first
decentralised digital currency upon its
release in 2009, the world was reeling from
the worst financial crisis in decades. So-called crypto-anarchists and others who
were disillusioned by the recession hailed bitcoin for its ability to facilitate payments
without the need for a bank. Essentially, they
thought, it held the potential to revolutionise
the global financial system.
Since bitcoin’s inception, more than 1,500 other cryptocurrencies have appeared in its
wake. Each one has attempted to offer something that bitcoin can’t, with the argument being that bitcoin’s core
technology contains a number a fundamental
flaws that are being exposed as its network
grows. Some, like litecoin and bitcoin cash, have
improved transaction times and lowered
transaction costs. Ethereum’s aim, by
contrast, is far more ambitious than simply
improving upon bitcoin’s credentials as a
payment system and store of value.
That’s different with ethereum. Beyond
being a virtual currency, it’s been designed
as a software platform that enables
applications such as smart contracts –
which are self-executing, secure contracts
– to be built and to run without the need of
a third party.
Ethereum is therefore designed to not just
decentralise traditional banks – as bitcoin
sets out to do – but decentralise the entire
internet. It does this by expanding upon
bitcoin’s core technology called the
blockchain, which is the online public ledger
that permanently records the transactions
made across the network.
Using ethereum’s more versatile and
advanced blockchain technology, anyone is
able to create their own decentralised
applications.
Now to every great innovations comes great challenges. Because of Ethereum fast growing potentials

thousands of projects built on the network with no sign of slowing down. The problem is the number of transactions the network can handle per second, which stands at 13 transactions per second. Given how widely Ethereum is used, this is a small number that is already facing scaling issues.

A great man once said "Success lies in providing solutions to a Problem."

Gochain has devised a means to solving the present challenges being faced by platforms like Ethereum. As a result of the congestion currently being faced by the network, issues of scalability, decentralization and security has been arising from time to time on the platform.
Gochain has designed a means to immediate integrate the platform by > allowing developers and existing Ethereum projects to shift their projects intoGoChain smoothly.GoChain currently has a TestNet that is fully functioning. The prototype currently handles 1300-2400 transactions per second. This immediately solves the issue of scalability currently being experienced by developers.
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With an energy efficiency 100times more Gochain aims at solving problems faced by many networks, also improving previous projects and allowing potential developers smooth access into the platform with a speed 100times faster.

The distribution of mining is very uneven. As per the GoChain WhitePaper, " ... time of this writing 4 companies in China account for 70-80% of all the mining activity for all the major coins/tokens including Ethereum." This will be addressed by shifting from POW to POR (Proof of Reputation), which is based on POA(Proof of Authority). With POR, instead of staking computer power, organizations can stake their reputations.

PoW requires non-trival computational work by mining nodes which,in turn makes it cost prohibitive for a bad actor to perform malicious acts. This computational workload requires energy. As of today 3.5million US households could be powered with the energy used to run the Bitcoin network, while Etheneum uses equivalent power of 1million households.
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Gochain works using a proof of reputation (POR) consensus which solely depends on the reputation of its participants to keep the network secure. Thereby solving the security issues currently being experienced by Etheneum. A participant must have a reputation that is important enough that they would face dire consequences if they were to cheat the system in both financial terms and branding. Thereby giving companies no choice but to tread with caution.
conclusion
Gochain is being built to solve issues on the network and comprises of well experienced personnel that make up the Gochain team so far Gochain is working tirelessly to become the most scalable, decentralized and secure network on the blockchain community. Welcome to the new generation of possibilities.
@originalworks
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https://steemit.com/crypto/@originalworks/180-steem-40-bonuses-sponsored-writing-contest-gochain
Gochain2018