GOCHAIN is a blockchain network that aims to solve the problem of not being able to increase greatly in size, which is one of the major problems of the modern blockchain networks. This project will utilize proof of reputation to outsmart Ethereum's proof of work and proof of authority systematic measure in the blockchain industry. With the benefits this project claim to offer, it would be right to say that the project is definitely going to dethrone the almighty ethereum in future, this might take time but will surely come to pass. The project aims to be better than any of its counterparts in the following ways:
1000× less energy consumption
10× more decentralized than ethereum
100× faster in transactions compared to ethereum.
In effect to these benefits the project aims to offer, smart contract developers would be able to switch from ethereum to GOCHAIN. The project however, is not in anyway similar to other ICO projects like Cell blocks, Rate Date, EtherJack, GlobalSpy, Darico and lot more which take advantage of proof of authority consensus algorithm, rather, the platform uses the proof of reputation consensus model to take into account the reputation of its patronizers so as to make sure that no internal or external bug penetrates through the system. The GOCHAIN platform is so focused on the reputation of its participant even to the extent that they do not condone any form of manipulation on the system.
Mass Adoption Could Be Gained Through The Following Ways:
With the numerous selling points GOCHAIN has, such as speed, scalability, ease of switching over from ethereum and ability to modify smart contracts after deployment, they can easily sell their idea to game related companies on Ethereum. With this, they can get massive turn up from investors who wants something far more better and faster than ethereum, thereby increasing the number of investors and attaining mass adoption.
They should also try their possible best to attract companies to join them as trusted nodes and also as developers.
If GoChain is able to get sufficient dApps games onboard, then there should be enough transactions to make it economically viable for some reputable companies to join as trusted nodes. It will also be great if GoChain can encourage these companies to develop dApps of their own. This will give them more incentives to join as a trusted node and at the same time increase GoChain's adoption.
For more information on this project, do not hesitate to resort to these sources as they may help you with any questions you may have concerning the project.
References were made from the project's whitepaper and the website below👇 while putting the article together
https://steemit.com/crypto/@originalworks/640-steem-sponsored-writing-contest-gochain
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