GO

GO

GoChain
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
1,020,965,644661,486,0652018-05-30$0.042800
Proof of Reputation1
explorer.gochain.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
661,486,065-https://github.com/gochain-iohttps://gochain.io/TOKEN

GoChain (the “Project”) is a decentralized blockchain network that uses Proof of Reputation as a consensus model to support smart contracts and distributed applications. The Project aims to be the following: A scalable, high performance and low cost public cryptocurrency A platform to build decentralized applications and theft-proof smart contracts 100% compatibility with Ethereum wallets, smart contracts and other tools Fast transactions and contract execution GoChain’s primary mission is to be “10x more decentralized, 100x faster and 1,000x greener (less energy used to run the network) than Ethereum.” The Project would also like to remain Ethereum compatible so that users can use GoChain without changing their code or developer tools. Key Features of GoChain: Native GO-20 tokens, which are Ethereum compatible 1,300 TPS with low gas fees achieved with 3 live nodes on mainnet Proof of Reputation ("PoR") consensus model that depends on the reputation of its participants to keep the network secure Authorized signers to be comprised of 50 reputable companies from multiple industries and spread out across multiples countries Voting out bad acting nodes or onboard more reputable companies Company and DNS verification to authorize signing nodes

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Coin Bureau
2.5

GoChain (GO): Blockchain Built for Scaling

2018-07-17
GoChain has been developed in order to deal with the numerous challenges that face blockchain scaling. GoChain is trying to increase the speed of their blockchain as well as making it more decentralised. They also want to build in smart contract functionality thereby making it a developer friendly blockchain. GoChain plans to do this through the use of a unique consensus algorithm called "proof of reputation". With this, all participants in the GoChain ecosystem are required to have a certain reputation. You can think of it as an extension of the proof of Authority model that is in use by a number of blockchains currently. GoChain hopes that by moving beyond a proof of work consensus model that they are able to make the blockchain more decentralised. With the smart contract functionality, GoChain says that they would like to make theirs easier to use and not susceptible to errors. Whether this could really challenge established chains such as Ethereum remains to be seen. The native tokens in the GoChain ecosystem are the GO tokens. These are based on the ERC20 standard and they can be used as "gas" to access all of the GoChain platform services. During their June 2018 crowd sale, they were able to raise a total of $13.7m. The total GO token supply currently stands at 1bn GO tokens. Further tokens will be released to the community as part of the signing awards. GO tokens hit exchanges not long after the token sale and are available on 4 different exchanges. They are more volatile than similar sized altcoins but appear to have decent liquidity.