Gochain: Enhancing the Capability of Ethereum and Maximizing the Blockchain Sector

inieson (47)in #blockchain • 6 years ago (edited)

Introduction

In this digital world we are today, development is a phenomenon which we are used to daily. The cause for development is obviously as a result of challenges faced while utilizing a particular tool, device or platform.
Major blockchain platforms were designed to perform a specific tasks and functions, although these platforms have helped in improving how transactions are done in the crypto world, they also have their disabilities and challenges which has posed as a major problem which is generally affecting the blockchain network in the world today.

Go Chain: The Blockchain Solution

What is GoChain?

GoChain is a network that solves scalability issues plaguing some of the modern blockchain networks.
Many new blockchain companies are built on top of Ethereum. Ethereum is currently limited to 13 transactions per second. Given the huge user base, this results in slow transaction speeds and limits the scalability of the network itself as well as DApps that are built on it.
GoChain solves this issue by introducing a new consensus algorithm called POR(Proof of Reputation). It is faster, cheaper and easy to implement.
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Gochain is the new "Big Thing" in the Blockchain Industry presently. It provides lightening Speed, saves Energy and also promote effecient decentralisation. Before Gochain came into our system, it was more of like a horrow show while doing crypto transactions especially using Ethereum.
Ethereum was designed to run 13transactions per second, but as we all know, numerous crypto transactions are done every second and without a snart network to facilitate them all at the sane time, there will obviously bed a big problem in the whole system.

GoChain Bridges the Gap which other Competitors couldn't.

Gochain has succeeded in bridging the gaps and providing solutions to many blockchain problems. This is what other competitors weren't able to do. The three major factors that makes a successful blockchain platform have been extensively addressed by their special technology.

Speed
Gochain have successfully created a system whereby over 13000transactions will be done per second. This is 1000x better than what the previous blockchain networks were able to provide.

Decentralization
One advantage which blockchain has over any other network, is its level of decentralisation. Although blockchain runs with a decentralised function, it is no more news that the mining of most of these cryptocurrencies is centralized majorly in China. This is a trend whoch Gpchain is planning tp break, they've put in place measures to ensure that there is decentralization in the mining process of these cryptocurrencies.

Enery Consumption
With Gochain, the problem of energy consumption is a th8ng of the past. Mining of crypto currencies requires alot of energu, eith Gochain, this energy consumtion rate will be minimized in order to ensure flexibility and efficiency in the system.