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.
Open decentralization did not work as intended as more than 70% of mining is in China and the majority of that is run by just a few companies.
GoChain forces nodes to be in different countries, run by unrelated people/companies.
Goal: 10x more decentralized
GoChain will support very high transaction volumes with fast verifications. Ethereum can only process 13 transactions per second, GoChain will
initially target 1300 transactions per second.
Goal: 100x more transactions per second
The energy used to run the Bitcoin network could power more than 3.5 million US households, 1 million to run Ethereum. We think that's
completely unnacceptable and unsustainable. GoChain will use a small fraction of the energy used to run other cryptocurrencies.
Goal: 1000x less energy consumption
The core team is a group of software engineers, tech founders and business leaders who have spent their careers building high scale, distributed cloud systems, including high performance messaging, data storage and compute services for cloud infrastructure. This experience is a natural fit for an inherently distributed system like a public blockchain. The founders have built and exited successful startups with funding from top-tier Silicon Valley VCs.