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What is GoChain?
GoChain is a smart contract platform blockchain aimed at solving the issues present in platforms like Ethereum. The Ethereum network has issues with scalability, decentralization and security. GoChain is designed for immediate integration, allowing developers and existing Ethereum projects to shift their projects into GoChain smoothly. GoChain currently has a TestNet that is fully functioning. The prototype currently handles 1300-2400 transactions per second.
Current State of Ethereum & DAPPs
Ethereum led a revolution in the world of cryptocurrencies. There are thousands of projects built on the network with no sign of slowing down. The problem is the number of transactions the network can handle per second, which stands at 13 transactions per second. Given how widely Ethereum is used, this is a small number that is already facing scaling issues.
The GoChain Solution
GoChain aims to solve the issues experienced by the Ethereum network by addressing three key components.
Energy Consumption:
GoChain will be 1000 times more energy efficient. Energy consumption is one of the huge problems faced by many POW networks.
Speed:
Transaction speeds of 100 times. This will allow GoChain to not only improve existing services but also enable new types of projects moving forward.
GoChain TestNet
GoChain has a strong beta that has proven to be able to perform 1300 transactions per second.
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