1H
-14.9%$0.0002
24H
0.49%$0.0000
7D
-11.3%$0.0001
30D
-48.2%$0.0010
GoChain is a scalable, high-performance, low-cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications. GoChain uses a Proof of Reputation consensus model that depends on the reputation of its participants to keep the network secure. A participant’s reputation has to be high enough so that they ascertain that cheating the system would have punitive consequences for both finances and branding. These participants work as an authoritative node, making it possible for them to create, sign, and distribute blocks to other nodes sans the overhead mining cost.
When preparing an update on a blockchain, first the development team needs to understand the task and requirements at hand. There are lots of available solutions out there nowadays in hashing algorithms and consensus mechanisms.
Just as anyone would need to have their traditional currencies kept in a purse or wallet, cryptocurrencies cannot be held either without a wallet even though they are digital assets. Let’s learn about MetaMask, an exclusive hot wallet to hold crypto assets.