Review on GoNetwork by David Olayide
A Solution To High Transaction Charges And Scalability Issues: GoNetwork.
In all my years of cryptocurrency and all the experience I have gained by coming in contact with various cryptocurrencies and projects based on different kinds of blockchain technologies, I can confidently say that two of the most important factors influencing the use of cryptocurrency projects is transaction speed and transaction costs. These two factors usually determine the kind of exposure or popularity that a cryptocurrency project gains.
More often than not, I know for a certainty, that investors look at these factors first before they proceed to use a platform. So essentially, what GoNetwork plans to do is, solve the problem of speed and transaction costs which are problems that plague most other projects today. It accomplishes this purpose by allowing off chain transactions.
Allowing off-chain transactions effectively reduces the transaction fees that might be incurred during the process. So with GoNetwork, you can actually expect a highly scalable mobile first network infrastructure for Ethereum. Personally I have to say that the project has real potentials and I can only hope that the project is utilized by the cryptocurrency community who will, no doubt enjoy it’s benefits.
GoNetwork (GOT) is the native currency and it operates on the Ethereum platform. GoNetwork has a current supply of 100,000,000 with 71,994,619.80584799 in circulation. Bitforex, Bilaxy, and HotBit are some of the cryptocurrency exchanges that you can make use of incase you are interested in purchasing the GOT token.
Pros
- GOT token is available on a couple of exchanges
- The structure of the project is a highly scalable mobile first network
- GoNetwork is heavily affiliated with the Ethereum platform
Cons
- Nothing negative about the project which I have noticed
