GoChain

Currently the number of operations per second of Ethereum is very low, which became evident when last year the platform presented great inconveniences due to the demand and today faces a great challenge in the ability to process transactions.

GoChain is based on the ethereum code, it is built with the aim of immediately resolving the scalability problems currently present in the Ethereum platform. GoChain allows approximately 1300 transactions per second thus offering greater speed. GoChain aims at a more decentralized and more secure network, since at this moment 70% of the mining power is concentrated in China, which represents a great danger for the network if strong regulations are implemented.

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Advantage

• Ecological. Save energy, GoChain uses less energy fraction to execute other crypto projects.
• Stronger, decentralized, GoChain forces the nodes to be in different countries.
• 10 times more decentralized.
• 100% compatible with Ethereum, compatible with previous Ethereum wallet, smart tools and contracts.
• 100 times faster.

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Instead of the Work Test (PoW) used to process transactions in Ethereum and some other networks, GoChain uses Reputation Test (PoW). This operation model assigns reliable companies as authorized nodes for the network.

With GoChain the security of the blockchain ecosystem will also improve as participants verify with smart contracts; going through the process to certify your identity if it is current and genuine. The first step in this verification process by these participating companies will serve as a means of identification.

With blockchain technology it can be predicted that in the nearest future, most companies will work using smart contracts in blockchain. GoChain is compatible since it envisioned that the current Ethereum DApps easily integrate into the technology without the process of having to code their own and also be able to change their code. Giving companies the ability to change their code will give them the opportunity to enter new companies in the blockchain ecosystem.

Future benefits

• The GoChain network can be implemented in small and large companies for the exchange of data. With this network you can send data and receive data with greater speed and at a lower cost.
• It can be applied to all payment systems, and in this way eliminate intermediaries.
• In the football world cup you must also integrate the GoChain network to the servers for fast data transmission.
• And best of all, that could be implemented in the servers of the voting machines, in order to have more accurate and above all reliable information when choosing the winner.