Many years ago, various block chains has deficiency in scalability , giving large bases to many user , this was the result in slowing the availability of many transaction in speeds and limits in scalability of network itself as well as DAPPS fixed programming output production.
But to my earnest surprise a new consensus algorithm block chain has brought a good reputation, of faster , issues of plaguing and working with public traded this is all about GOchain ; this chain brought about the high performance, low cost, and decentralized cryptocurrency also supports smart contracts and distributed applications such as fast transactions and contract execution, fully compatible existing Ethereum wallets, smart contacts and other tools, building fully decentralized applications

Gochain is one of the current famous public crypto-currency block chain.

Future implementation of Gochain as well as use- Cases

• Serve has public crytocurrency
• Build decentralized applications and rock solid smart contracts
• Fully compatible with existing Ethereum wallets, smart contract and other tools
• Fast transactions and contract execution
  Next generation decentralizes app platform goes beyond Ethereum smart contract

Here are three benefit analysis below

    Generation decentralized app platform  of 10 × more decentralized open decentralization could not work as intended as more than 70% of mining is in china and the majority of that is to run by just a few companies. gochain force nodes to be in different countries, run  by unrelated  people  and companies.
Faster transaction “100×faster enable go-chain to be supportive to a very high transactions volume s with fast verifications. Ethereum can only process is transactions per second  Gochain will initially target 1300 transactions per second  these means that Go chain is 100× more transaction volume per second  than Ethereum .
The energy aspect of it, it being known that energy is capacity to do work , let see it these way of less energy , the energy use to run a bitcoin network could power more than 3.5 million US house holds, 1 million to run Ethereum ,this was thought  that’s completely unacceptable and unsustainable ,but Gochain wil use a small fraction of energy used in other crytocurrencies .

The potential impact is due to that potential energy is simply ”stored energy “ or energy posses by a body by virtue of its position or state ‘I strongly believe that Gochain offers compatibility for existing DApps that are struggling with the slower network speeds to utilized the 100× transaction speeds that gochain is capable of processing ,gochain fees are also 7500×less expensive than Ethereum .

Giving companies has the ability to change their code due to the fact that goods reputation works by assigning companies as authorized signers, this blockchain specifically Gochain will work with publicly trade companies .

Flexibility of modern blockchain has brought the ideas of having real mass adoption of blockchain on a commercial level, it is necessary to have a blockchain that caters to their needs, companies can decide on the method whch Gochain will allowed them to change code , also current blockchain technology does not allow developed to fixed bugs and change code once it has been launched without performing something along the lines of a hard fork

Meet the team and advisors

For more information

Gochain website
GOchain facebook
GOchain whitepaper

This is my entry for @originalworks wrtiting contest, to join click here https://steemit.com/crypto/@originalworks/640-steem-sponsored-writing-contest-gochain
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