INTRODUCTION
blockchain and smart contracts have gained popularity as a result of the advantages it offers which are security and easy transactions without extra fees
But there are a few issues which have to be addressed so as to meet up with the increasing population of people making use of the blockchain
- decentralization is not actually realized
- Slow rate of transactions
- High energy consumption
GoChain is a standalone blockchain and is the future of smart contracts platform, it's built on a foundation of improved etherum code base
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
My design
I went directly to illustrate what GoChain has to offer which makes it outstanding
The image above shows how GoChain plans to achieve true decentralization, which is by spreading the nodes geographically across various regions
This would be achieved by changing the consensus algorithm from proof of work (POW) to proof of reputation (POR) this is an upgraded, stronger and more secure form of proof of authority (POA)
The GoChains team
The GoChains advisors
GoChains partners
GoChains roadmap
More Information & Resources:
GoChain Website
GoChain WhitePaper
GoChain Telegram
GoChain Telegram Announcement
GoChain GitHub
GoChain Reddit
GoChain BitcoinTalk
GoChain Twitter
GoChain Facebook
GoChain Medium
This is a @mediaworks sponsored contest. Check the contest here
gochaingraphic2018
Congratulations @minnowsgrow! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Brazil vs Belgium
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes