Compatibility with Ethereum has been another significant aspect of GoChain’s development. It’s easy to see that the project is already positioning itself to challenge Ethereum. The next step will be to see how GoChain handles smart contracts, and if it actually holds true to the promise of 10 times the decentralization.
GoChain Price Live Data
Binance is one of the most popular cryptocurrency exchanges in the world, and handled $ 138.36M worth of Pepe Coin trading volume in the last 24 hours. Binance also lists a very large number of other cryptocurrencies, so you will have plenty of trading options in addition to Pepe Coin. GoChain is trading on 3 cryptocurrency exchanges across 4 trading pairs.The most popular GoChain pair isGO/ETHon gate.io,where it has a trading volume of $ 0.00.
- By having a group of organizations run the nodes and the fact they aren’t battling each other over a very wasteful hash battle to win a block, the GoChain blockchain uses millions of times less energy than Bitcoin or Ethereum.
- In fact, the network is already processing 1,300 transactions per second, so it’s met one of the three objectives already.
- This compatibility facilitates developers in deploying decentralized applications (dApps) on a network that is significantly more energy-efficient compared to traditional blockchains like Bitcoin or Ethereum.
- In addition to its sustainability focus, GoChain introduces features designed to enhance user and organizational engagement with blockchain technology.
- You can buy cryptocurrencies on Kraken with a Visa or Mastercard card, or you can fund your account through a wire transfer or other methods.
GoChain – 100% Ethereum Compatible, 100x faster
Binance is the best choice when it comes to trading GoChain with stablecoins. The more node organizations that join GoChain, the greater the security and trust of the network. Our goal is to have 25 nodes by the end of 2022 and 35 by the end of 2023, adding more reputational quality to the network. GoChain’s unique Proof of Reputation consensus is really what makes GoChain special. Instead of Proof of Work or Proof of Stake which are the most common in today’s blockchains, we came up with our own consensus protocol to help us achieve our goals. Of course, if you want to be end-to-end sustainable you can use GoChain as your layer 1 chain and deploy your smart contracts on GoChain from the start.
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Risk is limited and since authority nodes will be voted from the most trusted and reputable there will be no cause for concerns. You can buy Pepe Coin with a credit card on Binance and other exchanges like KuCoin, Bybit and OKX. Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat.
- The other way this could be done is if more than half of those organizations decided to collude together to attack the network.
- Brands can use the website to look up different products and see who actually manufactures them, then reach out to those manufacturers and potentially partner on future products.
- GoChain promises to deliver 100 times the speed of the Ethereum network, and acts a better alternative to smart contracts by using Proof-of-Reputation as a consensus mechanism rather than Proof-of-Work or Proof of Authority.
- The goal is to reduce their environmental impact which is notoriously bad and consumes a significant percent of the world’s electricity.
- In fact, mostly because I like when a blockchain is trying to be green and organised around developers so they can build quality.
In addition to its sustainability focus, GoChain introduces features designed to enhance user and organizational engagement with blockchain technology. These include credit card subscription plans and customized data views, which cater to the diverse needs of its users, from individuals to large entities. The platform’s scalability, security, and interoperability are also key benefits, addressing common challenges faced in the blockchain space. GoChain is designed to serve a broad spectrum of applications, What is GoChain particularly focusing on enterprise, non-governmental organizations (NGOs), and government sectors. Its core mission revolves around advancing sustainability goals, which is a critical aspect for organizations aiming to improve their environmental impact and ensure responsible supply chain management. The platform distinguishes itself by providing a blockchain solution that is not only fast and cost-effective but also emphasizes green technology, aligning with global efforts to reduce carbon footprints.
While there are no mining fees on the GoChain network, authorized nodes will receive a reward of 1 GO token for each block they sign. This rate will remain in effect until 5% of the total tokens have been distributed. After that the reward will decrease steadily over time until all 50,000,000 tokens have been distributed. In addition to the consensus algorithm, GoChain incorporates several other security measures. The platform supports the use of trusted hardware wallets, which are essential for securely storing cryptocurrencies and ensuring that private keys are kept out of the reach of unauthorized users. By partnering with reputable staking platforms, GoChain further strengthens its security framework, allowing for the secure and effective staking of its native tokens.