GOCHAIN

in #originalworks6 years ago (edited)
Gochain is a chain of blocks of intelligent contracts that allows solving problems of scalability, decentralization and security that have platforms like Ethereum, that is why the platform Etereum is studying the possibility of implementing this chain of innovative block, which will revolutionize the world of the cryptomendas.


Fuente

¿HOW WILL THE WORLD OF INTELLIGENT CONTRACT APPLICATIONS CHANGE?

Smart contracts are going to revolutionize the business world to make transactions faster and safer because they use a computer protocol that efficiently verifies and enforces operations without the intermediation of third parties, which is why Gochain was born, which is a block chain or intelligent platform built on the basis of an Ethereum code.
It should be noted that smart contracts have the possibility of being changed, altered, stopped and terminated, to be adjusted to the terms and correct any errors that may arise.

¿HOW DO YOU HAVE THE TRANSACTION SPEED OF THE ETEREUM EFFECT WITH THE USE OF THE BLOCK CHAIN ​​100 TIMES?

Gochain created a block chain based on the Ethereum code which uses POR code, which allows to make the mining process more decentralized, that is to say it uses companies and not individuals, 50 companies distributed in 50 different countries to verify the transactions, which will allow develop operations with greater speed.

HOW WILL THE CAPACITY OF MOVING THE ETEREUM BLOCK CHAIN ​​CODE DIRECTLY TO GOCHAIN ​​TO THE EXISTING COMPANIES THAT ETHEREUM USES FOR ITS PROJECT WILL AFFECT?

By moving the chain code of the Etereum block to the chain of Gochain, the transactions will be carried out at a higher speed, due to the descentalization, on the other hand it will save a large amount of energy for the mining process.

¿WHAT ARE THE BENEFITS OF THE PROTOCOL FOR?

The Por protocol is a stronger, more secure, updated authority test form, using companies as validators and not as individuals, which uses 50 companies in 50 different countries to force decentralization allowing for perfect decentralization and makes the network difficult. to access and receive attacks

¿WHAT ARE THE ADVANTAGES OF SAVING 1000X IN ENERGY CONSUMPTION?

Currently the mining process uses a huge amount of energy due to an algorithm called Work Test (POW), where 3.5 million households receive energy to work with Bitcoin mining and the Ethereum network uses 1 million homes. By implementing the block chain Gochain means that you are using a reliable network of authorized nodes, which will not generate battle between computers to win blocks, that is, there will be no wasted energy, requiring a small fraction of energy to process transactions, execute smart contracts and verify blocks, saving the company a large amount of money for energy expenses, and allowing much faster operations..
https://gochain.io/

gochain2018


steemit-final.png

Sort:  

This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.033
BTC 62934.09
ETH 3118.65
USDT 1.00
SBD 3.85