GoChainGoChain GO news

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0.02326 USD / 0.00000266
-7.10% / 3.91%
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1,467,649 USD
17,265,036 / < 0.01%
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GoChain working to launch GOST Protocol for cross chain token transfers

GoChain, a web3 based blockchain ecosystem and client, recently announced the GOST Protocol is set to be live on the GoChain testnet in the coming weeks. It will enable interoperability between blockchains in a fully decentralized manner. The GOST Protocol sets the stage to bring stablecoins to GoChain. The concept keeps the transfers decentralized as […]

3 Reasons why GoChain’s GOST Protocol can be Beneficial to Stablecoins

Stablecoins have cemented their place in the cryptocurrency industry. Despite some controversy surrounding some of these currencies, it seems there is still a growing demand for interoperable solutions. GoChain may have an interesting solution in this regard, as its GOST protocol proposal can introduce some powerful changes and improvements. Why GOST Matters Not to be confused with the Ghost Protocol movie, GOST Protocol is an entirely different creature. For now, it is merely a proposal which can introduce some interesting dynamic changes for GoChain. The cross-chain transaction concept, a sit is currently known as, could open the door for issuing stablecoins on GoChain and ensure intra-chain operability as a result. It is to be believed this concept would be capable of keeping transactions decentralized, as all network nodes will need to participate to make transactions occur. In an ideal scenario, users will be able to transfer tokens to and from GoChain at any given time. For now, the main focus lies with being interoperable with Ethereum, albeit that situation may come to change moving forward. The Benefits it can Provide As is always the case in the cryptocurrency industry, there are transaction fees to take into account. Stablecoins issued on Ethereum face a rather high average transaction fee, which is far from ideal. Especially since these currencies are designed to be moved around freely and at a rather quick pace. GoChain should be able to reduce the fees and even support higher transaction volumes along the way. Additionally, the plan is to speed up overall stablecoin transactions in the process. Ethereum has a short confirmation time, but it can still be improved upon. Combined with the network congestion which seems to occur on a regular basis, GoChain could very well serve as a plausible alternative. In fact, it seems confirmation times of 1 second should be possible, depending on the network’s circumstances. Cross-Chain Consensus Becomes a Possibility One of the more intriguing aspects of this proposal is to potentially introduce a cross-chain consensus mechanism. In its current form, every blockchain has its own rules, and interoperability is therefore very problematic to achieve. With the GOST protocol, all of that is designed to change. GoChain’s node network can come to consensus on its native chain and another chain’s data to achieve this goal. For now, all of this remains a proposal which might not be put into working technology anytime soon. It is a pretty interesting idea to explore, and if done successfully, it can yield a very positive change for the cryptocurrency industry as a whole. Scalability has always been a pretty big problem in this industry, yet this approach can effectively allow networks to work together in a meaningful manner. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post 3 Reasons why GoChain’s GOST Protocol can be Beneficial to Stablecoins appeared first on NullTX.

GoChain Blockchain Integrates Decentralized Oracle Services From Chainlink (LINK)

GoChain blockchain network has partnered with Chainlink to integrate its Oracle database onto their network. The integration would help the GoChain network to bring in real-time data onto the network. It would also help them create smart contracts that would offer secure access to data feeds. Excited that @go_chain is joining the growing group of […]
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GoChain blockchain to integrate oracle services from Chainlink

GoChain, a blockchain network protocol, announced today it is teaming up with Chainlink to integrate its oracle services capable of bringing real-world data onto the GoChain blockchain. Smart contracts that offer provably secure access to data feeds, APIs and payments are a critical component in providing enterprise blockchain solutions that are compatible with legacy infrastructure. Chainlink […]

GoChain Collaborates with Chainlink to Integrate Oracles

SAN FRANCISCO, June 11, 2019 /PRNewswire/ -- GoChain is teaming up with Chainlink to integrate its oracle services capable of bringing real-world data onto the GoChain blockchain. Smart contracts that offer provably secure access to data feeds, APIs and payments are a critical component in providing enterprise blockchain solutions that are compatible with legacy infrastructure. Chainlink is the leading blockchain project and service provider with a decentralized network that provides reliable tamper-proof inputs and outputs for complex smart contracts—also known as oracles. Chainlink technology is used and recognized by banking leaders like SWIFT, top research firms ...Full story available on Benzinga.com

Bitcoin Price Spike followed by a Correction, Serena Williams, Quarkchain, Gochain - Crypto News

Bitcoin Price Analysis: BTC Spike followed by a Correction https://www.altcoinbuzz.io/reviews/technical-analysis/bitcoin-price-analysis-btc-spike-followed-by-a-correction/ Altseason? Contradicting Opinions - https://ambcrypto.com/altcoin-season-could-bring-in-1100-gain-if-when-next-bull-run-begins/ https://ethereumworldnews.com/altseason-analyst-claims-sticking-with-bitcoin-btc-may-be-safer-for-now/ GoChain Partners with 3 Major Companies and it goes Unnoticed https://www.altcoinbuzz.io/crypto-news/partnerships/gochain-partners-with-3-major-companies-and-it-goes-unnoticed/ #Quarkchain Mainnet 30th April https://twitter.com/Quark_Chain/status/1120203766240702464 Supporting Multi-Native-Tokens in a Single Blockchain https://medium.com/quarkchain-official/supporting-multi-native-tokens-in-a-single-blockchain-686fc65f5931 Tennis legend Serena Williams invests in Coinbase https://www.altcoinbuzz.io/crypto-news/finance-and-funding/tennis-legend-serena-williams-invests-in-coinbase/ #Bitcoin #CryptoNews DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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