What Is GoChain (GO)?

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.

History of GoChain (GO)

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.