Wallets & Storage
GoChain is supported on the following wallets:
And any other wallet that is EVM compatible.
Faster, less costly and more scalable than any other digital asset, $GO is the cryptographic token that powers the GoChain network. Users, businesses, and developers use $GO to pay for network services, such as running a smart contract, storing a file, or transferring tokens. For each transaction submitted to the network, $GO is used to compensate network nodes for bandwidth, compute, and storage.
$GO tokens can be transferred at high volumes using GoChain’s scalable blockchain network. By comparison, Ethereum only supports ~13 transactions per second.
$GO is a leader in transaction fees due to its Proof of Reputation consensus.
Unlike Bitcoin transactions which take at least 10 minutes to 1 hour, GoChain transactions settle in less than 5 seconds.
GoChain is listed on many of the worlds top exchanges. You can also do a quick and easy swap via LetsExchange to the right.
*We do not endorse or recommend any exchanges. Users should conduct their own research prior to engaging in transactions on an exchange.
You can purchase GO at the following exchanges:
GoChain is supported on the following wallets:
And any other wallet that is EVM compatible.
Simply put, tokens protect networks from abuse and DDoS attacks.
Blockchains, and networks in general, are scalable to a certain capacity. While GoChain has a significantly higher capacity (100x) than its peer network, Ethereum, there is always the possibility a malicious actor could potentially run a script using multiple computers to bog the network down by making 1,300 transactions of worthless information every second and deny service to everyone else.
This kind of thing does happen often with traditional networks. We see it most often in the form of DDoS (distributed denial of service) attacks against websites. So how do you stop it?
As we mentioned, executing transactions on the GoChain network requires the user to spend $GO tokens. So long as tokens are not free to acquire, the bad actor conducting the attack would have to invest a significant amount of capital in attacking the network to deny service to others. For every minute of the attack, this would cost nearly 100,000 $GO tokens.