What is GoChain ?
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
It's a smarter, higher, quicker, more potent one hundred percent ethereum well suited,10x extra decentralized, 100x faster,1000x greener.
The validation to this acclaimed definition is expressed below...
- 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.
GoChain Testnet is Live and Load, Test Results!
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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.
GoChain Team
- Check out the GoChain website
More Information and Resources
I chose and made my design based on the concept of trading and transaction because if you take a look at it, it shows two people interacting/transacting.
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