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GoChain
About GoChain
GoChain is a blockchain network founded in 2017 with a focus on solving the scaling problem while adopting an enterprise-oriented approach. The network uses the GO token for transaction fees, and the GOST protocol allows for secure cross-chain confirmations between the GoChain and Ethereum blockchains. This enables the transfer of ERC20 and GO20 tokens across the two networks.
GoChain (GO) is a blockchain platform that focuses on delivering high performance, scalability, and energy efficiency. It is designed as an alternative to Ethereum, aiming to address some of the scalability and environmental issues associated with older blockchain technologies. GoChain claims to provide significantly faster transactions and lower costs compared to Ethereum, making it an attractive platform for developers and businesses looking to deploy decentralized applications (dApps) and smart contracts. The network uses a Proof of Reputation (PoR) consensus model, which is a variation of Proof of Authority (PoA), relying on the reputation of its network participants to keep the network secure and efficient.
GoChain was created in 2017 by a team of developers led by Travis Reeder and Jason Dekker, The development team aimed to create a more sustainable and scalable blockchain platform that could support a wide range of enterprise and decentralized applications.