GoChain: The Future is here.

Cryptocurrency is the long awaited miracle. What keeps the potency of a currency is it's ability to be transferred to any part of the world at an instance. That's the uniqueness of Blockchains and smart contracts.

The largest and most immediate problems are
blockchain in its current form is not scalable, lacks real decentralization, and is using absurd
amounts of energy that is not sustainable.

Crypocurrency solved the problem of flexibility through blockchains and smart contracts.

But their are still limitations. And that's what GoChain Is here to solve.

source
The question is how do they intend to do that?

GoChain is a stand alone blockchain, built on improved Ethereum codes. Since Eth is one of the best, it's wise to work on its weaknesses.
so far, the GoChain TestNet has recorded 1300 transactions per second and has recorded as high as 2400 transactions per second as compared to ethereum's 13 transactions per second.

Tell me what trumps that?

And what's more? Taking that much, goChain's stability remains unquestionably unshaken.

GoChain is offering four unique perks:
*Easy transfer from ethereum network to theirs, without code changes,
*10 times more decentralisation
*100 times more speed. I mean (13/sec to 1300/sec)
*1000times more for energy saving.

isn't that too good to be true?

In solving the problem of decentralisation, goChain is changing the algorithm from Proof of Work(POW) to Proof of Reputation(POR).
POR puts more on the companies who are acting as validators to showcase their integrity. POR is similar to POA (Proof of Authority). Only difference is that POR is upgraded and more demanding. This will also reduce the energy consumption for block production.

GoChain wants to use 50 companies as validatorsbin 50 different countries.
Decentralisation has been achieved. And rather than the 70% of decentralisation trapped in only China, this will ensure a uniform spread. And it provides more stability to the system. Hence, one government alone can't determine the future of the system.

Check this extract from the white paper.

GoChain will choose the validators and then the selection process will be turned over to the network. What kind of companies will they be?
Think, Venture backed startups with a burn rate, VC partners, angel investors, and new product
or service. By using these types of companies or larger there is a huge incentive maintain
network integrity to protect their market cap and professional integrity.

Do you see there is a big plan to combat the decentralisation problem. If this is achieved, the future for not only the blockchain, but individual person on the network seems secure.

Beyond these features, goChain aims to improve also the smart contract system.

We are also adding standardized rulesets to contracts to define how and when contracts can be modified. extracted from the white paper

After reviewing the team of developers and administrators. I can define as aflame. I mean the team is too good to fail.

GoChain will solve a whole lot of issues associated with the blockchain system. The public sale will be starting soon as seen below.
source

Thank you @originalworks for bringing this to me. It's more than a contest, I got enlightened and I can't wait to invest on gochain. #gochain2018 all the way.

All the information on this post were gotten from the gochain white paper. And I tried explaining in my own words.

Thanks for reading. Here is the link to GoChain website

Here is the link to @originalworks post you'll see more links there, to gochain social media accounts.