GoChain is a scalable, Ethereum based smart contract blockchain that is fast, secure and green. It enables DApp and smart contract developers to lift and shift from Ethereum to GoChain for 100x increased performance.
GoChain’s mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
Goal: 10x more decentralized – Open decentralization did not work as intended as more than 70% of mining is in China and the majority of that is run by just a few companies. GoChain forces nodes to be in different countries, run by unrelated people/companies.
Goal: 100x more transactions per second – GoChain will support very high transaction volumes with fast verifications. Ethereum can only process 13 transactions per second, GoChain will initially target 1300 transactions per second.
Goal: 1000x less energy consumption – The energy used to run the Bitcoin network could power more than 3.5 million US households, 1 million to run Ethereum. We think that’s completely unnacceptable and unsustainable. GoChain will use a small fraction of the energy used to run other cryptocurrencies.
Build Fast, Run Faster