The GoChain platform is a scalable intelligent contract blockchain that is based on Ethereum. This platform is designed to help DApp and smart contract developers go from the Ethereum blockchain to the GoChain blockchain, which is much faster than the current Ethereum blockchain we have.
What is GoChain ?
GoChain isn't under development or undergoing testing, it is live and ready to use. GoChain is a decentralized cryptocurrency and blockchain with low cost and high performance that supports smart contracts and DApps.
Features & Benefits of GoChain
Faster transactions: GoChain will support very fast transactions. Since ethereum can only process 13 transactions per second, GoChain will process it's transaction a hundred times faster.
✔ Less energy: The energy used to run the Blockchain network has already consumed 0.15% of the world’s energy and that exceeds the electricity consumption of most African countries. We know that's unsustainable, But GoChain will use a small fraction of the energy used to run other cryptocurrencies.
✔ Fully compatible with existing Ethereum wallets and smart contracts.
The wallet is ready for use and can be created by anyone here
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Transaction speed is the number of transactions a blockchain can carry out within a specific period of time. Just imagine how fast having a hundred times the transaction speed of the ETH blockchain would be. When talking about transaction speed, there are some factors that should be well considered. Factors like;
Bandwidth and blockchain creation speed
Loads
GoChain, with a 100X transaction speed of the ETH blockchain will have a positive influence by increasing bandwidths and block creation speed. With this put in place, the issues of delays associated with some blockchains, such as the traditional blockchain systems will be eradicated.
In the same manner, the high transaction speed will also enable the GoChain platform to withstand or resist high loads in the distribution of tokens.
These coupled together will make an efficient and effective blockchain people have always wanted.
How does giving companies the ability to change their code open the doors for more businesses to get aboard?
In a technical report the Reputation Test is explained and how the first 50 "signatories" will be selected, a diverse set of companies that will then have self-government in the future. GoChain initially seeks out which companies will apply to them to run a node. They can also approach some companies too. Ideally, GoChain would like to partner with companies that have a mission similar to theirs to make the world greener, more decentralized and connected. They do not anticipate any problem finding node partners.
Some ideas about its governance model and its aspirations for greater scalability, speed and energy efficiency just to name a few. It makes one come to remember other projects, such as EOS. Thinking like a company, why should I choose GoChain over the alternatives?
GoChain says that the reason to choose them over any other platform is because they are interoperable with Ethereum. So all current Ethereum users can simply pick up and switch to GoChain without code changes. And, anything written in GoChain will also work in Ethereum.
Check this video
Meet the GoChain Team
More Information and Resources
https://gochain.io/
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