GoChain (GO)

What is Gochain?

Gochain is a blockchain platform focused on scalability, high performance, and low cost.

Gochain has certain set goals:

-Gochain's goal is to go beyond the Ethereum platform in using Proof of Reputation (PoR) instead of Proof of Work (PoW) and Proof of Power (PoA). This is considered a smart contract blockchain platform.
-Gochain also hopes to be able to limit energy use 1,000 times less than the Bitcoin operating system. Gochain considers that it is unsustainable for the current Bitcoin network to provide enough electricity to power 3.5 million homes in the United States of America, so the founders sought to use part of it. small of this amount when running cryptocurrency
-Gochain is aiming for more than ten times decentralized application location. The founder argued that open decentralization didn't work as only over 70% of the mining conducted in China is run by a number of different companies and Gochain will force nodes to be located in multiple countries due to different companies. company and non-executive persons
-Gochain also aims to achieve 100x faster verification even when the transaction volume is extremely high. Currently, as Coin68 mentioned earlier, Gochain owns 1,300 transactions / sec, higher than the Ethereum network with only 13 transactions / sec.

Comparison between Ethereum and Gochain

As seen in terms of the popularity of the Ethereum platform, it is rated as one of the best blockchain platforms and supports smart contracts that are said to have a major influence on the industry. However, Gochain is aiming in another direction that can be said to improve some limitations such as energy or speed, etc. or some bugs and improve the interoperability of the smart contract system. with users. Some of the outstanding advantages of the Ethereum platform are listed below:

-The hierarchical promise does not match the statement
-Smart Contract is not hacking proof
-Only process up to 13 transactions/second
-Drive 3x more energy advantage over Google

Meanwhile Gochain sets out the goal:

-Use 1000 times less energy
-10 times more hierarchical
-Transactions 100 times more per second

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