faulerwilli



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Full MemberActivity: 826Merit: 136 Re: [🔥PRESALE🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green April 27, 2018, 09:38:40 AM #221 I saw on your homepage that i can register for a node. I'm not very fit in the field yet, what requirements do i have to fulfill for a node of yours? Do I need a minimum number of coins from you?

I would like to be with you from the beginning, your project sounds really very interesting

Conrad010



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Jr. MemberActivity: 280Merit: 1 Re: [🔥PRESALE🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green April 28, 2018, 03:39:54 AM #227 What are the incentives for authorized nodes in GoChain's Proof of Reputation consensus system?



In terms of the incentives for becoming an authorised node, new GOC tokens will be created in order to reward validators. These will be created at a rate of 5% of total supply (50,000,000 tokens) in year one, and will decrease over time. The reward for signing blocks is dependent on the time it takes to finalise the block. Transaction fees will also be kept by the authorised nodes.



For more information, check out Section 2.4 of the



If you have any questions or want to get involved with the GoChain community, you can join the GoChain Telegram Group



You can also join the

In terms of the incentives for becoming an authorised node, new GOC tokens will be created in order to reward validators. These will be created at a rate of 5% of total supply (50,000,000 tokens) in year one, and will decrease over time. The reward for signing blocks is dependent on the time it takes to finalise the block. Transaction fees will also be kept by the authorised nodes.For more information, check out Section 2.4 of the Whitepaper If you have any questions or want to get involved with the GoChain community, you can join the GoChain Telegram Group here. You can also join the Telegram Updates Channel for all the latest news.

ElegantCy



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Full MemberActivity: 424Merit: 100 Re: [🔥PRESALE🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green April 28, 2018, 04:46:27 AM #228 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.





GoChains primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that cant be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.



PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you dont have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If youre only doing a few transactions per second, it may be OK, but when youre doing thousands per second, it becomes very hard to keep a large network in sync.

zoLa#7



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Jr. MemberActivity: 378Merit: 1 Re: [🔥PRESALE🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green April 28, 2018, 09:15:51 AM #231 Quote from: ibininja on April 28, 2018, 06:28:10 AM Quote from: ElegantCy on April 28, 2018, 04:46:27 AM 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.





GoChains primary goal is to increase performance of Ethereum by 100x (and more in the future), so how will it get there? Well, it's start by replacing Proof of Work with something more sustainable, something that cant be centralized based on who has more resources (or more money), and something that has the potential of handling a couple orders of magnitude increase in performance. Something like Proof of Reputation.



PoR has a relatively small set of nodes when compared to a Proof of Work network. Why is having a smaller set of nodes better than having thousands? Because you dont have to keep thousands of nodes in sync. Do you know what the fastest environment is for any networked software? A single machine. Once you go beyond one machine, you have network and bandwidth issues to deal with. When you have thousands of them, these issues compound. If youre only doing a few transactions per second, it may be OK, but when youre doing thousands per second, it becomes very hard to keep a large network in sync.



I am curious if Ethereum issues its updates and as we all know it has a dedicated team and we should expect to see updates to tackle several bottlenecks in current architecture. So far we have seen it progress well and how homestead was a good jump. My question is Why another blockchain if the current one can be enhanced? I mean it is likely ethereum will push updates and all especially if Serenity is pushed (PoS) most issue will be addressed it may not be a 100x but still why not just enhance ethereum given it is opensource and all? If I am a miner what would convert me to gochain?

I am curious if Ethereum issues its updates and as we all know it has a dedicated team and we should expect to see updates to tackle several bottlenecks in current architecture. So far we have seen it progress well and how homestead was a good jump. My question is Why another blockchain if the current one can be enhanced? I mean it is likely ethereum will push updates and all especially if Serenity is pushed (PoS) most issue will be addressed it may not be a 100x but still why not just enhance ethereum given it is opensource and all? If I am a miner what would convert me to gochain?

Regarding your question, in PoS again you will have huge energy consumption. Plus, only "big players" will get rewarded, practically it is a closed system and we can't talk about decentralization there.

GoChain is offering new consensus, Proof of Reputation, where validators will be big companies and there is no mining, therefore no costs for power consumption.

I invite you to take a look at whitepaper on



Feel free to join the discussion about the GoChain project on Hi, ibininja. Thank you very much for interest in GoChain.Regarding your question, in PoS again you will have huge energy consumption. Plus, only "big players" will get rewarded, practically it is a closed system and we can't talk about decentralization there.GoChain is offering new consensus, Proof of Reputation, where validators will be big companies and there is no mining, therefore no costs for power consumption.I invite you to take a look at whitepaper on https://gochain.io/gochain-whitepaper-v1.pdf Feel free to join the discussion about the GoChain project on https://t.me/go_chain

ElegantCy



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Full MemberActivity: 424Merit: 100 Re: [🔥PRESALE🔥] GOCHAIN - ETH-based smart contract blockchain: fast, secure, green April 29, 2018, 04:38:23 AM #237

GoChain Presale will be live in 1 day and 20 hours:







Price in the presale will be 20,000 GOC per ETH (with 25% Bonus). Price in the main sale will be 16,000 GOC per ETH.



GOC tokens are sold with a fixed rate per eth of 16,000 GOC = 1 ETH

This will be the price during the Public Sale (From 16th to 31st May)



During the PreSale this rate will have a bonus of 25%. (From 1st to 16th May)

Meaning that for the presale, 5 ETH will be 100,000 GOC.



How many pre sale and crowdsale ETH will be collected?

Public Presale: 10,000 ETH, Crowdsale: 12,500 ETH



How much is 1 Token?

You can also do this calculation by dividing 1 eth per the rate in which you are purchasing.



So if you contribute in the public sale it is 1 eth divided by 16,000 GOC = 0.0000625 eth

So for the presale the cost per single token will be 1 GOC = 0.00005 eth



for more information on the token sale, do join us on telegram here:

Telegram link Greetings Community,GoChain Presale will be live in 1 day and 20 hours:Price in the presale will be 20,000 GOC per ETH (with 25% Bonus). Price in the main sale will be 16,000 GOC per ETH.GOC tokens are sold with a fixed rate per eth of 16,000 GOC = 1 ETHThis will be the price during the Public Sale (From 16th to 31st May)During the PreSale this rate will have a bonus of 25%. (From 1st to 16th May)Meaning that for the presale, 5 ETH will be 100,000 GOC.How many pre sale and crowdsale ETH will be collected?Public Presale: 10,000 ETH, Crowdsale: 12,500 ETHHow much is 1 Token?You can also do this calculation by dividing 1 eth per the rate in which you are purchasing.So if you contribute in the public sale it is 1 eth divided by 16,000 GOC = 0.0000625 ethSo for the presale the cost per single token will be 1 GOC = 0.00005 ethfor more information on the token sale, do join us on telegram here: