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Topic: [🔥ANN🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green - page 45. (Read 38134 times)
April 28, 2018, 02:56:24 PM
April 28, 2018, 10:26:09 AM
🚄 GoChain is ready to give every existing Ethereum app an upgrade in speed and scalability🚄
Find out more in this Steemit article!
Find out more in this Steemit article!
April 28, 2018, 04:31:07 AM
gochain is very nice program.i hope to join the bounty campaign.but i do not find the link.if i can join it?
Hi, mericy.Thank you for your interest in GoChain.
Unfortunately, GoChain doesn't have a bounty program.
Join https://t.me/go_chain to stay updated on all the news.
April 28, 2018, 04:15:51 AM
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
I am curious if Ethereum issues its updates and as we all know it has a dedicated team and we should expect to see updates to tackle several bottlenecks in current architecture. So far we have seen it progress well and how homestead was a good jump. My question is Why another blockchain if the current one can be enhanced? I mean it is likely ethereum will push updates and all especially if Serenity is pushed (PoS) most issue will be addressed it may not be a 100x but still why not just enhance ethereum given it is opensource and all? If I am a miner what would convert me to gochain?
Regarding your question, in PoS again you will have huge energy consumption. Plus, only "big players" will get rewarded, practically it is a closed system and we can't talk about decentralization there.
GoChain is offering new consensus, Proof of Reputation, where validators will be big companies and there is no mining, therefore no costs for power consumption.
I invite you to take a look at whitepaper on https://gochain.io/gochain-whitepaper-v1.pdf.
Feel free to join the discussion about the GoChain project on https://t.me/go_chain.
April 28, 2018, 01:38:35 AM
gochain is very nice program.i hope to join the bounty campaign.but i do not find the link.if i can join it?
April 28, 2018, 01:28:10 AM
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
I am curious if Ethereum issues its updates and as we all know it has a dedicated team and we should expect to see updates to tackle several bottlenecks in current architecture. So far we have seen it progress well and how homestead was a good jump. My question is Why another blockchain if the current one can be enhanced? I mean it is likely ethereum will push updates and all especially if Serenity is pushed (PoS) most issue will be addressed it may not be a 100x but still why not just enhance ethereum given it is opensource and all? If I am a miner what would convert me to gochain?
April 27, 2018, 11:46:27 PM
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
GoChain's mission is to provide a scalable, low cost, energy efficient platform for digital currency and decentralized applications.
GoChain’s primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that can’t be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.
PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you don’t have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If you’re only doing a few transactions per second, it may be OK, but when you’re doing thousands per second, it becomes very hard to keep a large network in sync.
April 27, 2018, 10:39:54 PM
What are the incentives for authorized nodes in GoChain's Proof of Reputation consensus system?
In terms of the incentives for becoming an authorised node, new GOC tokens will be created in order to reward validators. These will be created at a rate of 5% of total supply (50,000,000 tokens) in year one, and will decrease over time. The reward for signing blocks is dependent on the time it takes to finalise the block. Transaction fees will also be kept by the authorised nodes.
For more information, check out Section 2.4 of the Whitepaper
If you have any questions or want to get involved with the GoChain community, you can join the GoChain Telegram Group here.
You can also join the Telegram Updates Channel for all the latest news.
In terms of the incentives for becoming an authorised node, new GOC tokens will be created in order to reward validators. These will be created at a rate of 5% of total supply (50,000,000 tokens) in year one, and will decrease over time. The reward for signing blocks is dependent on the time it takes to finalise the block. Transaction fees will also be kept by the authorised nodes.
For more information, check out Section 2.4 of the Whitepaper
If you have any questions or want to get involved with the GoChain community, you can join the GoChain Telegram Group here.
You can also join the Telegram Updates Channel for all the latest news.
April 27, 2018, 03:44:47 PM
Greetings GoChain community!
Check out this awesome review Quinten Francois, from Young and Investing, did on GoChain!
Check out this awesome review Quinten Francois, from Young and Investing, did on GoChain!
April 27, 2018, 03:37:46 PM
I saw that the token would not be sold to the United States and Canada. It's really a pity. I think American investors should be a big support.
I have not checked project details so don't know if USA citizens can participate in this project or not. But this is possible due to KYC and other approval related issues.
Exactly, for legal reasons, citizens from the United States and Canada will not be allowed to GoChain's token sale.
April 27, 2018, 03:31:04 PM
I saw on your homepage that i can register for a node. I'm not very fit in the field yet, what requirements do i have to fulfill for a node of yours? Do I need a minimum number of coins from you?
I would like to be with you from the beginning, your project sounds really very interesting
I would like to be with you from the beginning, your project sounds really very interesting
Hello there faulerwilli! There won't be any masternodes, so the requirements to become a node won't depend on the N° of tokens.
Instead, companies that are interested in becoming signer nodes can apply to and they'll be reviewed using the following criteria:
1) Market Cap
2) Publicly Traded
3) Brand Significance
Making sure they won't be associated with other pre-existing companies/nodes and from different countries.
You can find out more details on how the Proof-of-Reputation consensus works in the Whitepaper , page 11, section 2 - Implementation. 😉
There's also a Medium article about Proof of Reputation, HERE .
April 27, 2018, 09:22:32 AM
I am yet to go through the whitepaper but does this mean we will be looking at a "fork" like for ethereum? In the sense that Gochain will be a parallel framework or is it built on top of ETH and solves issues ETH has when it comes to smart contract execution and transactions?
Hello ibininja, GoChain is not a fork of Ethereum but rather an own blockchain built on an upgraded Ethereum code base. This makes GoChain compatible with all existing Ethereum tools and Dapps.
GoChain is mainly solving 3 problems; scalability, energy consumption, and smart contracts improvement.
Please do well to read our whitepaper to have a more clearer view of things. Here's a link to the latest version: https://gochain.io/gochain-whitepaper-v2.1.2.pdf
Interesting. any sol code would work in GoChain then. I remember when kitties where taking over ethereum; the whole network experienced its peak in terms of transactions per second and that sucked because it drove the gas fee up; I remember it was around 60-70 safe gwei.
I think the main problem that has me excited for this as with some other platforms I’m watching is scalability. For a smartchain to be successful world wide once we get to big numbers we will need to see real big world transaction numbers which gonetwork seems to have good plans for
April 27, 2018, 08:40:48 AM
I see you raised 1,441 ETH in pre-sale very impressive, heard lots of good things about this project, i'm currently reading your whitepaper seems interesting so far.
Wow, that's considerably more than most ICO's i've seen lately, great job guys! High-speed, energy efficient blockchains I think is going to be the next step, it simply isn't sustainable for the amount of electric that BTC uses for it to me used in mass adoption. 1300 transactions a second is very impressive if they achieve it.
April 27, 2018, 04:38:40 AM
I saw on your homepage that i can register for a node. I'm not very fit in the field yet, what requirements do i have to fulfill for a node of yours? Do I need a minimum number of coins from you?
I would like to be with you from the beginning, your project sounds really very interesting
I would like to be with you from the beginning, your project sounds really very interesting
April 27, 2018, 04:11:16 AM
I would really like to see the project that is waving to the ETH site, so far the team has not explained to us what will be the interaction that would achieve such results is especially interesting the communication center with China
Hi Krones,
We've actually achieved 1300tps on our testnet and are well on our way to release our mainnet next month. You can see the results here: https://medium.com/gochain/gochain-testnet-is-live-and-load-test-results-c654eb85f272
If you want to try it out for yourself, you can also join the Testnet Community: https://t.me/gochain_testnet
April 27, 2018, 04:05:29 AM
I saw that the token would not be sold to the United States and Canada. It's really a pity. I think American investors should be a big support.
Hi Carina.P, thanks a lot for you interest in GoChain. It's quite unfortunate but due to regulations beyond our content GoChain token sale is not available to citizens of the United States and Canada
April 27, 2018, 04:03:56 AM
Wow, 1300 transactions a second is quite something.. Especially with it producing 0.7 gigabytes a data an hour.. I think the energy friendly aspect is great as well, last I checked BTC uses something like the power of 35 US households for each transaction.
Hello Darkoth89, yes the energy requirements of Bitcoin and Ethereum are quite unsustainable! This why GoChain is working to bring it down by 1000x. We've already achieved 1300tps on our testnet. You can see the results here: https://medium.com/gochain/gochain-testnet-is-live-and-load-test-results-c654eb85f272
If you want to try it out for yourself, you can also join the Testnet Community
April 27, 2018, 03:58:29 AM
I saw that the token would not be sold to the United States and Canada. It's really a pity. I think American investors should be a big support.
April 27, 2018, 03:50:18 AM
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.
Wow seems to be interesting one. This project encouraging me to go through whitepaper
Wow seems to be interesting one. This project encouraging me to go through whitepaper
Yea, looks like a pretty decent project to try out, as the problem of scalability needs to be fixed, still going through the whitepaper though but they gave some pretty decent reason why they should be invested in, well i can't say much for now till i finish with the proper assimilation of the whitepaper
Hello Ace44, great to know that you're taking the time to go through our whitepaper. If you have any questions that need clarification, you can always ask in the Telegram community.
April 27, 2018, 03:49:27 AM
I would really like to see the project that is waving to the ETH site, so far the team has not explained to us what will be the interaction that would achieve such results is especially interesting the communication center with China
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