Hello steemizens, @folly-pandy brings to you another wonderful article to you and this time I'll be talking about Gochain

What is Gochain?

Gochain is a decentralized cryptocurrency and blockchain which supports smart contract applications fully compatible with Ethereum wallets.

If you look at the Gochain mission, it is :

"To provide a scalable, low cost, energy efficient platform for digital currency and Decentralized applications"

Gochain has stood as a pillar in solving fundamental issues in the cryptocurrency world like :

1. Speed and Volume of Transactions.
2. Decentralization.
3. Energy Consumption.
   

100X THE TRANSACTIONS SPEED. HOW?

Checking on the Blockchain history, for every second only 13 transaction can be made in a process, now a new deal has been brought up which is a 100x transaction speed. Gochain has given full support in high transaction volume and also fast verifications which instead of 13 transactions per second increased the target to 1300 transactions per second which would generate more than 500GB of data in a month.

HOW WILL THE ETHEREUM BLOCKCHAIN BE MOVED TO THE GOCHAIN ?

Like I said earlier, the target will be 1300 transactions per second, we know the world we live in there are so much data which is the major problem in the Blockchain sector, that's why Gochain has come to our rescue standing as a problem solver, solving in the aspect of storing Data in the cloud.

Storing by :

1. Reducing data size in blocks.
2. Having different storage database just like Ethereum which uses levels, the old blocks ugh are in batches can be stores in a simple binary file.
3. Store old blocks in cloud with ease in case when needed it will be easily gotten.

BENEFITS OF GOCHAIN POR PROTOCOL.

There are so many benefits of Gochain like:

1. Addition of standardized rules etc to contracts
2. Addition of security features.
3. Companies may be voted into the networks as an authoritative note.

Check out the teams of Gochain for more info:

TOKEN SALE AND SUPPLY

. Total token supply = 1,000,000,000GOC

. Token soft and hard cap sale = 2500 ETH and 26,500ETH

. Pre-sales starts 1st May.

To know more about Gochain :

Gochain website
Gochain Telegram
Gochain whitepaper
Gochain Facebook
Gochain Twitter
Gochain Medium
Gochain Reddit

All images were sourced from Gochain

This contest was organized by @originalworks. To join click here >>>

gochain2018