I remember sitting on a plane at the gate. The flight was supposed to take off 15 minutes ago. I was getting agitated. Then the pilot comes onto the PA system and says, "Sorry, for the delay. We are waiting on some paperwork before we can leave the gate. We should be pushing back in about 10 minutes."
Boy, was I upset. I mean, we were already 25 minutes late. And I was already on a four-hour flight from Tampa to Los Angeles and now I had to sit another 25 minutes in this tiny airline seat because of a delay in paperwork?! I want a refund!
Then it occurred to me. I am sitting here in this seat, waiting to be flown at 500 miles an hour across an entire continent in under 5 hours and I was still complaining. Let's face it. We humans don't like to wait.
"We are a nation that shouts at a microwave to hurry up."
-John Ryan
Sorry For the Delay In Your Ethereum Transaction...
One of the biggest problems with Ethereum is the slowdown in speed and transactions as more and more projects clog up the system. Many people are wondering when this problem will be solved. Now, one innovative project is proving that Etherium based projects now have a "Fast Lane" solution to their project.
Introducing GoChain. Blockchain at the speed of the future
https://gochain.io - GoChain - is a new blockchain project that is optimized for speed. Transaction will be 100 times faster as well as 1000 time more energy efficient than existing blockchain projects like Ethereum. Right now, Ethereum is designed to handle 13 transactions per second. As Ethereum scales, this transaction rate will slow down every project on this platform. Projects on GoChain, on the other hand, won't have to worry about such slow down issues.
More Decentralized Than Other Blockchain Projects
Right now, up to 80% of all the coin and token mining is being done by a few miners in China. This type of centralized mining runs counter to everything that blockchain is all about. With GoChain, mining will be executed by Proof of Reputation based on Proof of Authority. This type of structure will ensure that instead of staking computer power, miners will be able to stake their reputation.
Proof That GoChain can Go Fast!
In their beta, GoChain has been able to execute 1200 executions per second. This is an almost 100 times faster transaction rate than what is currently being executed by Etherium.
GoChain's Token Sale Is Coming Up Soon
The only thing faster than GoChain's performance is the date of their token sale. Mark down the date - May 1, 2018. The sale will continue until May 15, 2018. Afterward, there will be a public sale that will run from May 15, 2018 to May 28, 2018.
This article is part of the @Originalworks GoChain writing contest at https://steemit.com/crypto/@originalworks/180-steem-40-bonuses-sponsored-writing-contest-gochain
gochain2018
Funny how crypto decentralization is manefesting. However, people like Andreas Antonopoulos have forecasted blockchain growing pains, adding that the final solution will not look like anything of today.
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