GoChain is a scalable, Ethereum based smart contract blockchain. It enables DApp and smart contract developers to increased the performance a 100 times by shifting from Ethereum to GoChain.
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ICO Score : 8.15 Out of 10
GoChain uses a Proof of Reputation (PoR) consensus model that depends on the reputation of its participants to keep the network secure. A participant must have a reputation that is important enough that they would face dire consequences if they were to cheat the system–in both financial terms and branding. Most businesses would face serious consequences if they were caught cheating a financial network. Larger companies with more to lose will be chosen over smaller companies with less to lose.
Once a company proves reputation, they may be voted into the network as an authoritative node and at this point, it operates just like a Proof of Authority network (PoA). Only authoritative nodes can sign and validate blocks.
We are building on Ethereum’s network because it is much more than just a store of value. That is why we believe it’s the best cryptocurrency and blockchain on the market today and why we are using it as a starting point. All Ethereum wallets and development tools will be compatible with GoChain.