Review on GoChain by LUIS RIVERO R
An improved blockchain.
It has a different consensus for the validation of transactions, where the nodes must be authorized and comply with security, location, economic and other characteristics. In this way avoiding centralization.
In comparison to etherium it is much faster up to 100 times faster.
Energy consumption is more efficient, because its transaction verification system needs less electricity.
Security updates, or network modifications can be made without the need for bifurcations. The network will always be the same and in the accounting data you will also have data of these changes.
It is possible to migrate to the main GoChain network of any etherium application or contract with the same code.
In general, this platform has substantial improvements of the etherium main network since it emerges as a bifurcation of this, it has basically the same characteristics in terms of application, however it has several problems related to its adoption.
For it to really be one of the most important, it takes a few associations, that use the gochain network for the creation of their smart contracts and Dapps.
Verifying the current market status is on the downside, I really like this project but analyzing your situation you need an impulse since your network has interesting and innovative features, plus it has a lot of ether but improved. I consider it a little valued platform and its price does not represent its characteristics.
Updated 6 years ago
Rating has not been changed
Dapps management platform, on etherium platforms.
I believe that the use of Dapps is currently an obstacle since, to be precise, they are not being implemented and used by users, since they are not adapting to the needs.
Currently it does not have many use cases, and although it is true its network was officially launched, it is found as other projects that have not been able to finalize and bring to reality the reason for its creation and characterization of it.
* It has good volume.
* Available in large exchanges with excellent liquidity.
* It has few use cases.
Pros
- Highly scalable in transactions.
- It offers a different method of transaction verification.
- Fastest main network.
- It is a bifurcation of the etherium network but with its own characteristics, being hard fork has some similar technical characteristics
- You can use the same ether wallets, compatible with smart contracts and transaction speed.
- Modifications can be made under consensus.
- listed in good exchanges
Cons
- It is not widely used.
- It does not have large alliances that promote its use and redemption.
- Generally compared with ether.
- Value trend downward.
