GoChain: the push Ethereum needed!

in originalcontest •  6 years ago  (edited)

The world of blockchain technology advances and GoChain understands it very well, that is why its goal is to be at the forefront.


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Today the world asks for more, always more! We live in the era of speed and euphoria, and that's why it's necessary to create technologies that provide the facilities we need to achieve the objectives set.

GoChain not only wants to adapt itself to these needs but also seeks to employ technological improvements adaptable to the technologies already implemented; It's like having bionic arms to play baseball, but without going against the rules. Wonderful!


"GoChain is a next generation scalable
blockchain and smart contract platform
built upon an improved Ethereum code base".

-Jason Dekker, GoChain CEO.


As Jason says in this interview, there is enough code changes for GoChain to work in its own independent chain, thereby ensuring that smart contracts are easily adapted for customers who are already part of the Ethereum ecosystem. In this way, the integration of users through GoChain is assured without altercations.

An exponential improvement: x10, x100, x1000!

The best feature of GoChain is its improvement in the aspects that most concern around the blockchain technology: decentralization, speed and energy saving.

In this sense, protocols have been developed that will considerably improve the smooth functioning of Ethereum, which, GoChain expects to be the best intelligent contract and dApp protocol.

Because stability lies in trust: x10 more decentralized

It is no secret that worldwide the largest mining centers are located in China, thanks to the low cost of energy and the different technological advances available to them. According to GoChain sources, around 70% of the world's mining is mined in China, which means that there is a real possibility of a destabilization generated through centralism.

This level of decentralization is optimized with the Proof of Reputation (POR) and low energy consumption.

Speed x100 = 10.000% Faster!

Perhaps one of the shortcomings that Ethereum has been criticized the most is the length of its transactions, but this will remain in the past thanks to the fact that GoChain will provide the ecosystem with a non-existent speed, since it will be able to surpass the current 13 transactions per second, up to achieve a minimum of 1300 transactions in the same time.

It will definitely be a revolutionary achievement for both existing and future projects.

The planet does matter! That's why it will be x1000 greener

The Achilles heel of the whole crypto-world is energy. The Proof of Work (POW) was the first protocol established since the creation of Bitcoin, but the amount of energy expended is immeasurable.

It's estimated that more than 3 million American households could receive energy with the amount used in Bitcoin mining and approximately 1 million with Ethereum. For GoChain "this unacceptable and unsustainable"..

Now only a fraction of the energy used will be implemented, which will help to better distribute energy consumption by improving the current POW system by x1000.

What about the Proof of Reputation (POR)?

With the faithful believe that Ethereum is the most stable and promising blockchain ecosystem, GoChain is willing to engage perfectly with the projects that are already part of Ethereum without major hassle. To achieve its comment, GoChain will offer the Proof of Reputation (POR) to keep the network as efficient as possible.

The business involved will be audited by open votes that support the quality of the business. In that sense, it's assured that it's the community and the users who embolden and position the business without it being only the investment or the money that speaks for them.

"Reputation is critical to a business. A business that acts in an unethical way suffers on many levels including fines, loss of revenue, decrease in valuation, branding, and public relations. Trust is a cornerstone to a successful business and once a brand loses trust with their customers, it can take years repair."

To read the full WhitePaper go here.

Since the reputation of the businesses will help validate the blocks, they will be forced to do an optimal job in order to grow within the ecosystem. Its distribution will be broad, with which it is expected that there will be business in more than 50 countries.

Thanks to this characteristic, decentralization, speed and ecological foundation are assured, since GoChain will definitely motivate healthy competition between businesses and will help in the participation of all types of projects related to Ethereum.

For more, you can always go here:

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This post in addition to showing the best features implemented by GoChain to improve the Ethereum ecosystem, has the purpose of participating in the Writing Contest sponsored by @originalworks.

I invite all those who want to join this initiative. you are welcome.

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SteemOn!

gochain2018.

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