Welcome to the Sponsored @MediaWorks Graphics Contest!

Status: CLOSED.

Start Time: ~11 PM ET, Saturday
End Time: ~11 PM ET, Wednesday

GoChain is sponsoring a graphics design contest here on Steemit!

Prizes: 165 STEEM + 50 Bonuses (1.5 STEEM)

• 1st Place: 23 STEEM
• 2nd Place: 18 STEEM
• 3rd Place: 15 STEEM
• 4th Place: 13 STEEM
• 5th Place: 11 STEEM
• 6th Place: 10 STEEM
• 7th Place: 9 STEEM
• 8th Place: 8 STEEM
• 9th Place: 7 STEEM
• 10th Place:6 STEEM
• 11th - 15th: 5 STEEM
• 16th - 20th: 4 STEEM
• 21st - 70th: 1.5 STEEM Bonus

Deadline: 96 Hours

What is GoChain?

GoChain is a fast and efficient blockchain network that improves transaction speeds by orders of magnitude over Ethereum.

This means that GoChain can address the scalability issues for blockchain and DApps that are built on top of them.

GoChain MainNet

GoChain is not a dream, it is a reality. The project is live and ready for projects to integrate!

The GoChain Wallet is ready to use. Anybody can create a wallet and begin to use it for transactions. KuCoin has already joined GoChain as one of their nodes!

Use-Case

John and Sarah are working together to build a logistics project on the blockchain. They have decided to build a network that will allow the tracking of packages.

For their network to work, they need instant transactions as soon as a delivery product reaches its destination. This requires continues transactions containing GPS coordinates.

They started searching for a network that can accommodate their need for fast transaction speeds as the project scales. They also wanted to use a network that would minimize on computing power/costs in order to ensure that their project is viable. It would be unreasonable to pay high transaction fees every time they want to send GPS data.

After looking at alternatives, they set their eyes on GoChain. With GoChain, they are able to implement a global logistics chain that is fast, secure and inexpensive to run. Since they are continuously sending GPS location points, they needed a platform that could keep up with their heavy demands!

Proof of Reputation

There are various types of consensus algorithms powering the various blockchains. GoChain works on POR(Proof of Reputation).

POR works by leveraging a company's reputation to ensure security and efficiency. GoChain will choose 50 companies around the world in different locations to run nodes. This will create a blockchain with unparalleled transactions speed while still retaining the security features of a completely decentralized system.

In fact, a large portion of mining power is currently centered around one place - China. By distributing the companies in various geographical locations, GoChain addresses the issue of potential government intervention as well as the possibility of a 51% attack.

Do You Have Questions?

The GoChain team is always happy to answer question in their GoChain Telegram group!

Join GoChain Telegram Here!

Check out their most recent video: