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About GoChain

GoChain (GO) is a platform with a primary goal to make blockchain transactions sustainable and fast. The vision of GoChain is to provide a green and low-energy blockchain network to minimize the effects of climate change. GoChain aims to use Web3, the user-specific network, for operating. The platform seeks to engage proof of reputation as a consensus mechanism.

Proof of reputation (POR) is a consensus mechanism based on the participating individual's reputation in the transaction. The whitepaper states that the aim is to use proof of reputation initially for the node to get approval as an authorized node. The idea is to reduce energy consumption through the use of PoR. The authorized nodes get rewards after carrying out transactions. 

According to the website, the platform is compatible with the Ethereum blockchain. So, the platform seeks to offer the users ease to utilize the smart contract of the Ethereum blockchain and the tools on the platform. The platform initially plans to add 50 companies from different nations worldwide as validators. Interoperability is the ease of operating between two or more blockchains.  

GoChain coins or GOC is the token offering of the platform. The rewards to the authorized nodes are in the form of GoChain coins. 

The platform plans to create a network that relies on scalability, security, and speed. The aim is to create a network that ensures energy conservation when operating on the blockchain.

The launch of the GoChain (GO) platform was in 2017. The launch of the mainnet was in May 2018. The team comprises seven members, with Travis Reeder as the founder. Henry Ines is the CEO, and Eric Fegraus is an expert in information technology. The others include Cassandra Ferrara, Michael Fairbairn, Mark Arruda, and Craig Macy. 

Market

Canada Market Stats

Market cap

CA$7.0M

Volume (24h)

CA$18,600.16

Circulating supply

1.3B GO

All time high

CA$0.16

Price change (1h)

+1.29%

Price change (24h)

-5.84%

Price change (7d)

-15.62%

Canada News about GoChain

BeInCrypto • May 01, 24

Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability.The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.

Read more

News Article Image

Decrypt • May 01, 24

Bitcoin ETF Leader BlackRock Leads $47M Funding Round in Securitize

BlackRock’s BUIDL fund, created with Securitize, has $375 million in assets under management.

Read more

News Article Image

The Block • May 01, 24

Stablecoin volumes stay strong as FDUSD hits record high, while USDT declines

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

Read more

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BeInCrypto • May 01, 24

Crypto Security Exploits See 141% Drop in a Month

April 2024 marked a significant milestone in crypto security, with losses plummeting by 141% to a historic low of $25.7 million. This reduction suggests a marked improvement in blockchain defenses.The post Crypto Security Exploits See 141% Drop in a Month appeared first on BeInCrypto.

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News Article Image

Decrypt • May 01, 24

Tether Netted $4.52 Billion Q1 Profit Thanks To Bitcoin Gains

Tether’s Bitcoin investment is paying off, achieving much greater profit than the company’s immense bond portfolio.

Read more

News Article Image

Decrypt • May 01, 24

BNB Chain's $1M Meme Innovation Contest Is 'Unleashing Meme Coin Creativity'

The competition aims to encourage developers to create, launch and trade their meme coins on BNB Chain.

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GoChain is on the decline this week.

The price of GoChain has increased by 1.29% in the last hour and decreased by 5.84% in the past 24 hours. GoChain’s price has also fallen by 15.62% in the past week. The current price is CA$0.0055 per GO with a 24-hour trading volume of CA$18.60K. Currently, GoChain is valued at 96.54% below its all time high of CA$0.16. This all-time high was the highest price paid for GoChain since its launch.

The current circulating supply of GoChain is 1,263,260,675.987 GO which means that GoChain has as total market cap of 1,263,260,675.987.

FAQ

What is the current price of GoChain?

We update our GoChain to CAD currency in real-time. Get the live price of GoChain on Coinbase.

What is the market cap of GoChain?

The current market cap of GoChain is CA$7.01M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of GoChain?

The all-time high of GoChain is CA$0.16. This all-time high is highest price paid for GoChain since it was launched.

What is the 24 hour trading volume of GoChain?

Over the last 24 hours, the trading volume of GoChain is CA$18.60K.

What other assets are similar to GoChain?

Assets that have a similar market cap to GoChain include Mint Club, UnityMeta, Sylo, and many others. To see a full list, see our comparable market cap assets.

How many GoChain are there?

The current circulating supply of GoChain is 1.3 billion.

Can I buy GoChain on Coinbase?

No, GoChain is not currently available on Coinbase, but you can sign up to get the latest news on GoChain and be notified when it gets added to our exchange.