GoChain (GO): how it works, supply and reviews
In short
- Type
- Layer-1 blockchain, compatible with Ethereum smart contracts and tools
- Issuance
- 7 GO per signed block, split evenly among signers; about 44 million new GO a year
- Risks and caveats
- Block production depends on a small, approved set of signers (a maximum of 50 by design), so the network is permissioned at the consensus level.
- Checked
- 31 October 2026
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Key facts
- Ticker
- GO
- Official site
- gochain.io
Key facts checked on 31 October 2026 against official sources.
What is GoChain
GoChain is an Ethereum-compatible blockchain whose blocks are signed by a set of approved organisations under a consensus it calls Proof of Reputation. GO is its native token and pays the network's transaction fees.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Layer-1 blockchain, compatible with Ethereum smart contracts and tools |
| Consensus | Proof of Reputation: up to 50 approved organisations run signing nodes |
| Block time | A block is signed every 5 seconds |
| Smart contracts | Yes; Ethereum (EVM) contracts deploy unchanged |
| Runs on | Own mainnet (chain ID 60); GO can also be bridged 1:1 to Base |
Supply and issuance
| Parameter | Details |
|---|---|
| Issuance | 7 GO per signed block, split evenly among signers; about 44 million new GO a year |
| Fee burn | All gas fees are burned |
| Staking rewards | Staking through the official staking site started on 23 February 2022 |
What GO is used for
- Pays the transaction fee for every transaction on the GoChain network.
- Pays for network services such as running a smart contract, storing a file or transferring tokens.
- Rewards block signers (7 GO per signed block).
Who develops and governs GoChain
- Foundation
- GoChain Foundation, described as the developer of the GoChain protocol; press releases are datelined St. Kitts & Nevis
- Founders
- Travis Reeder, founder of the GoChain Foundation
- Governance
- A steering committee; signers are chosen by revenue, staff, years in business and funding
- Open source
- Node software on GitHub; library under LGPL-3.0, binaries under GPL-3.0
History
| Date | Event |
|---|---|
| 2017 | GoChain is founded to build a scalable blockchain with an enterprise approach. |
| 23 February 2022 | GO staking starts. |
| 17 November 2022 | Upbring, a Texas nonprofit, starts operating a signing node. |
| 31 January 2024 | Wakefield BioChar joins as a signing node. |
| 9 September 2025 | A new official bridge launches to move GO between GoChain and Base. |
Security and audits
- The node software is open source on GitHub (LGPL-3.0 library, GPL-3.0 binaries).
- Blocks are signed only by approved organisations; the public signer list names about 20 entries, including the GoChain team's own nodes.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io, rekt.news/leaderboard, medium.com/feed/gochain, gochain.io
Risks and caveats
- Block production depends on a small, approved set of signers (a maximum of 50 by design), so the network is permissioned at the consensus level.
- Throughput and fee figures (1,300 transactions per second, under $0.01 average fee) are the project's own claims.
- New GO is issued continuously to signers (about 44 million a year), offset only by fee burning.
Official links
- Website: gochain.io
- Docs: github.com/gochain/docs
- Source code: github.com/gochain/gochain
- Block explorer: explorer.gochain.io
- Blog: medium.com/gochain
Questions and answers
What is GoChain?
GoChain is an Ethereum-compatible blockchain run by approved signing organisations under Proof of Reputation consensus; GO pays its transaction fees.
Who created GoChain?
GoChain was founded in 2017; Travis Reeder is listed as founder of the GoChain Foundation, which develops the protocol.
How does GoChain consensus work?
Up to 50 vetted organisations run signing nodes; a block is signed every 5 seconds and each signer earns 7 GO per block.
Is there a maximum supply of GO?
No cap is stated in the sources used here; about 44 million GO are issued to signers each year and all gas fees are burned.
Sources
- GoChain — home page
- GoChain — $GO token
- GoChain docs — signer information sheet
- GoChain docs — mainnet signers
- GoChain docs — staking
- GoChain — Medium feed (2022-2025 posts)
- GoChain — GitHub README
- GoChain Bridge
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