GoChain and its innovation in the world of cryptocurrencies

in #gochain6 years ago

The mission of GoChain is to provide a scalable platform for users, low cost and energy efficient for digital currencies and decentralized applications. The GoChain platform is based on an Ethereum fork and supports all Ethereum open source wallets and other tools, making it easy for users to start with GoChain.

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What is GoChain?
GoChain is a project similar to Ethereum. So if you want to launch an ICOs or Deploy your Decentralised Apps and smart contracts then you can use GoChain for this purpose.

KuCoin is officially a signing node on the GoChain
GoChain

GoChain pioneered the consensus of the Reputation Test, where the network is managed by companies with a high reputation and strong brands, now they will have the highly respected KuCoin in their network. KuCoin have managed to build a great platform of transactions of assets of last generation with service and support of great quality that they do it 24 hours a day, 7 days a week, they saw the value of the model of Test of Reputation of GoChain and Now they are excited as they will be one of the first nodes in the network.

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Check this video

How does GoChain promote mass adoption of cryptocurrencies?
GoChain is a platform for scalable blocks and scalable smart contracts built on an enhanced Ethereum code base. The objective they have is to solve the problem about Ethereum scaling with immediacy being 10 times more decentralized, 100 times faster and 1000 times more ecological. So all current Ethereum users can upload and download as it were, to make a transition without any problem to GoChain without changes in the code. They are interoperable with Ethereum.

The GOC tokens will work in exactly the same way that Ethereum works on your platform. So this will serve exactly the same utility: gas to execute smart contracts. It is needed as gas / tariffs to power computers that execute smart contracts and dApps. This is a great way to call the massive adoption of cryptocurrencies, to see that they have a higher performance, speed, ease and confidence.

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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.

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Road Map
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The Team
Led by CEO Jason Dekker & Chief Software Architect Travis Reeder, the team is a highly experienced group of successful tech founders and software engineers who have built their careers on constructing high scale distributed cloud systems, so they not only know what they're doing they know what their potential clients are doing and that is the key to building successful relationships with enterprise. Their team have achieved milestone developer contributions between them including Ben Johnson's BoltDB & Jordan Krage's involvement with the [Golang] dmt, Dep . Supported by Brooke Hanson's social media expertise, their campaign and comms are clear, concise and matter of fact. A high end team of advisers ensures that their reach into the space is well rounded (and I imagine) comes under tough scrutiny where required.

Between them they have decades of experience in diverse fields ranging from hedge fund management to software development to cyber security. Rest assured they are very competent.

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More Information
https://gochain.io/

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