GoChain the future in chain of blocks for the execution of contracts in a fast, economic and great performance.

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Currently the Ethereum is the second strongest cryptocurrency after Bitcoin and it is known as an excellent cryptocurrency transaction platform because it is fast and in high demand, however due to this great demand its networks are suffering a collapse and this is affecting their ability to perform the number of transactions per second they offer. It is not a secret that in the world of cryptocurrencies the saturation of networks seems to be the big problem.

It is important to highlight the work test (POW) used by this platform, to validate each transaction to avoid the (DDos) denial of services, but this test is no longer so feasible because due to the high demand for transactions it is requiring more efforts and Energy.
In addition to that, China's computer technology appears on the scene with a large number of companies that consume much of their power at the time of mining.

The platform of the Ethereum performs the reading of 13 transactions per second previously this was something wonderful since at the time something very fast, but the great demand that currently exists and this amount of transactions is not enough and that is why it creates a problem of scalability, this means that this saturation does not allow to reach the validations of transactions per second for this system to be optimal.

Due to all this decentralization problems that the Ethereum platform has been presenting, a great opportunity arises to resolve this situation of possible collapse and that is the GOCHAIN.

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What is GoChain?

GOCHAIN It is a company that brings the solution to the problem of scalability that Ethereum is presenting nowadays, since all those projects that are in this platform can move to this new platform quickly and safely without the need to update or modify any code as it will be built on an improved Ethereum code base.

GoChain is a public cryptocurrency compatible with Ethereum wallets, a decentralized scalable, high performance, low cost and decentralized blockchain that supports intelligent contracts and distributed applications.

It is important to highlight that all those new projects that are starting can choose to undertake their journey in this new platform in gochain that offers an excellent chain of blocks for the execution of contracts quickly, economically and with great performance.

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Benefits

The benefits that Gochain offer us are the best and we have them below:

Scalability

This new platform has the ability to read the largest number of transactions handled by blockchain technology exceeding the Ethereum by 100%.

Security and Speed

Apply a new algorithm called Reputation Test (PoR), it is more secure than the authority test (PoA). With PoA, transactions are validated by people, while PoR, companies are used as validators and this is because a company with a reputation has more to lose than an individual. To make the PoR model work, GoChain plans to use 50 startup companies supported by VC in 50 different countries as validators. They believe that this will make the network difficult to compromise because no government can enter and take control of the network. With PoR, GoChain says its platform will be able to process 1300 tps, the GoChain platform can process transactions even faster.

Energy saving

This proposal aims to reduce the energy used at the time of producing the blocks.

Economy

This platform ensures the efficient use of all resources used for transferring from Ethereum to GoChain as it is directly and this is done without touching any code. In addition, when processing transactions 100 times faster than Ethereum, you have the opportunity to significantly increase the speed of transactions and therefore lower costs. It is very cheap compared to what other platforms charge for transactions.

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Work team

OUR TEAM

Advisors

In conclusion

We can say that [GoChain] (https://gochain.io/) is the best block chain or cryptocurrency of the future that has a highly scalable blockchain, high performance, economic, decentralized and distributed applications. It is based on an improved Ethereum code base that solves the scaling problem with immediacy. Currently they have more than 1300 transactions per second, thus being a faster, safer and greener platform.
With a trained team, responsible and committed to this project.

If you want to have more information about GOCHAIN you can visit the following links:

• GoChain Website
• GoChain WhitePaper
• GoChain Telegram
• GoChain Telegram Announcement
• GoChain GitHub
• GoChain Reddit
• GoChain BitcoinTalk
• GoChain Twitter
• GoChain Facebook
• GoChain Medium

This contest is sponsored by @originalworks, to know more about this you can look for information in this Link

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