Gochain Guaranteed speed.

in #cryptocurrency6 years ago


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Gochain :

100% Ethereum Compatible, 100x Faster

GoChain has the capacity to grow in response to demands without losing the qualities that add value to the product or service it offers. It is a platform with scalability, that is, it is capable of doing any action within its obligations without any problem. It is based on intelligent contracts and works as a blockchain, it is compatible with Ethereum and the transaction fees are much cheaper, we talk about 7500 times cheaper.

Update codes: anywhere in the code it is impossible to change the errors or change the codes if it has already been launched to the network without having done something similar to a hard fork, but Gochain brings another perspective in this part, we offers another point of view. They can make companies update their codes through the same system

Reputation Test: "POR is a key component of how GoChain works." This new update will bring what many want, a chain of blocks decentralized in its entirety. China has the majority of cryptocurrency miners since in that country the Internet is fast and electricity is not so expensive. Due to the large number of miners housed there, the chain of blocks becomes a controversy. Nobody knows what all those people gathered can do, maybe some are dedicated to cheat or infinities of harmful things. The worst of the case is that they are people with perhaps verified users but they would not mind if they were discovered in something bad because they could simply create another account and pretend to be another human. But the arrival of this new algorithm will make those verified users come directly from a serious company that it hurts to lose their reputation. That is, users of different companies will be verified by GoChain, it will know its origin and the company for which it works, obviously the company must be aware of that because if the verified breach the norm will be affected the reputation of both the user and the company, and indeed no one will want to work with them. This algorithm seems to be extremely honest and very profitable for all. I have not mentioned anything important, and is that the nodes will be spread around the world, the first launch will be 50 nodes in 50 different countries to seek better decentralization, and this will also make countries like the US or China do not intervene in the network in favor of them.


"Vitalik Buterin, one of the founders of Ethereum, has labeled scalability a trilema where all 3 problems need to be solved simultaneously:

  1. Scalability
  2. Decentralization
  3. Security

Summarizing...
Those three problems will be solved thanks to intelligent contracts for greater security, which are not as smart as they seem, they also provide a good result. And also that you always look for the best so those cotratos will improve. Scalability will be handled thanks to the new algorithm and decentralization will be forced centrally to obtain the true decentralization that has been sought for a long time.

We will not only solve the Ethereum scaling problem with immediacy, but any currently using Ethereum will be able to seamlessly transfer to our network without making any code changes to get:

  1. 10x more decentralization
  2. 100x increase in speed
  3. 1000x improvement in energy

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