It’s time to talk about quality.
-The world is evolving exponentially into smarter, better, faster, stronger. That’s why bringing up GoChain means high amounts of value to cryptocurrencies these days. It is nice how these ones started off years ago; but that does not mean it get to stay just that way, everything needs improvement. There comes the point when newer technology development overcomes everything.
“Virtual Currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” Ben Bernanke, Chairman of the Fed 2006 – 2014 [source]
GoChain?
A Better Blockchain and Cryptocurrency. GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications. [source]
-GoChain comes just on time! The enhancement of numerous matters is going to massively increase the productivity regarding speed and decentralization; whereas being green, saving energy, running servers at very low energy consumption. It’s scalable; the performance that has proved on its beta test is barely the beginning. Thus, taking decentralized applications and smart contracts to a whole different level of effectiveness.
Speed
-When referring to Ethereum it comes up easily the overloaded functioning system. Do you imagine 100x faster transactions? GoChain did imagine it & GoChain made it real (it's planned to be 1000x). Likewise, the blockchain has a strong capacity we'll see live when functioning on the market (already successfully tested); besides faster, it’s also rock solid secure thanks to (POR). An unleashing project for the scaling ethereum trend.
Compatibility
-As if it wasn't enough, GoChain & Ethereum have 100% compatibility, which means that all kinds of transactions can be easily done in less than seconds. Therefore, those companies who are running projects based in ethereum are able to complete transactions faster, greener & safer; amplifying their overall efficiency quite well.
Energy Consumption
-Bitcoin & Ethereum have an important energy consumption on their hands.
''Bitcoin’s energy usage is huge – we can't afford to ignore it.'' Alex Hern [source]
-That's why one of the main goals is to make the network at the beginning 1000x greener which could reach 10000x. It's important to encourage more projects to be as green as they are capable of; thus, avoiding mayor long-term issues.
Proof of Reputation protocol
-Even this is the last element of this post, the switch from Proof of Work (POW) to Proof of Reputation (POR) is one of the essential matters regarding GoChain, its benefits are within energy saving, improved safety & transaction speed boost. Since reputation means a lot respecting to safety, it's solving previous blockchain problems simultaneously. It is recommended reading GoChain whitepaper if interested.
-The world is never too thirsty for more.
You can also see proofs by yourself with fully detailed information on its whitepaper.
References:
GoChain website: https://gochain.io
GoChain whitepaper: https://gochain.io/gochain-whitepaper-v2.1.2.pdf
10markets: https://www.10markets.com/top-10-cryptocurrency-quotes-need-know/
theguardian: https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
You may check this out:
180 STEEM + 40 Bonuses ~ Sponsored Writing Contest: GoChain
gochain2018