Unlocking New Possibilities: GO Token Now Bridged to Base Blockchain

We are thrilled to announce a significant leap forward for the GoChain ecosystem: the official launch of the new GoChain bridge! This innovative bridge seamlessly enables transfers of the GO token from the GoChain blockchain to the thriving Base blockchain.

This is a game-changer for GO token holders, opening up a whole new universe of decentralized finance (DeFi) opportunities. Until now, GO token utility has primarily been within the GoChain network. With this new bridge, your GO tokens can now be leveraged across the vast and rapidly expanding Base ecosystem.

What Does This Mean for You?

• Access to Base DeFi: Utilize your GO tokens to explore and participate in the diverse array of DeFi protocols, lending platforms, and yield farming opportunities available on the Base blockchain.
• Trading on Uniswap: A major highlight of this integration is the ability to trade your GO tokens directly on Uniswap. This significantly enhances liquidity and trading options for GO.
• Expanded Use Cases: The move to Base fundamentally expands the utility and use cases for the GO token, integrating it into a broader, more active blockchain community.
• Increased Interoperability: This bridge is a testament to our commitment to interoperability, connecting GoChain with other leading blockchain networks and fostering a more connected Web3 future.

Experience the Bridge Today!

The process of bridging your GO tokens is designed to be quick, secure, and user-friendly. In a matter of seconds, you can transfer your GO tokens and begin exploring the exciting opportunities on Base. And of course, you can transfer them right back to GoChain whenever you want.

Visit the Bridge Now: https://bridge.gochain.io

This marks an exciting new chapter for the GO token and the entire GoChain community. We are eager to see the innovative ways our community will utilize GO on the Base blockchain and the new value this integration will unlock. Stay tuned for more updates and exciting developments as we continue to expand the GoChain ecosystem!

The New GoChain Bridge is Live was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Happy May GOrillas!

Here’s the latest update on what’s going on in the GoChain ecosystem, what companies have started using GoChain and some transaction stats.

We’re seeing an uptick in enterprise customers coming on board and along with that the transaction volume on GoChain is steadily increasing.

Transaction volume

There’s been a marked increase in transaction volume this year and we expect it to continue as more enterprise customers come online.

Just last week we saw these transaction numbers:

• Total transactions: 22,948,675
• Last 7 days: 151,547
• Last 24 Hours: 32,703

Very positive sign of things to come.

Remember, all the gas fees for all transactions on GoChain get burned so the GO supply decreases the more it is used.

Regulatory Tailwinds — EUDR

EUDR is a European wide regulation to prevent deforestation by only allowing “deforestation-free” products into Europe. This will affect every European country AND any company wanting to sell wood products into Europe.

The rules are in place to guarantee that the products EU citizens consume do not contribute to deforestation or forest degradation worldwide.

Being a green blockchain from day 1 (it was one of our 3 defining principles and goals), GoChain is in a prime position to offer blockchain infrastructure to companies that will have to adhere to the EUDR regulations. And that is a lot of companies.

Also, with our partnership with Chainparency who provide a solution for companies to adhere to EUDR regulations, there will be more of those companies using GoChain as well.

New companies using GoChain

GoChain is increasingly becoming a blockchain of choice for visionary organizations and enterprises globally pursuing sustainability and environmental goals. Below are examples of such leading enterprises leveraging the GoChain blockchain protocol.

Wakefield BioChar

“There is a fundamental need for credibility and transparency of the materials used in the products we all use in our daily lives. It’s a privilege to support the GoChain Foundation and its value to the supply chain. ” — Tom Marrero, President of Wakefield. “

Wakefield BioChar, an innovative manufacturer of renewable products made from wood biomass, is the latest enterprise to join the GoChain Network as a node signer. Wakefield, which was already leveraging the GoChain blockchain to help validate its biochar product claims and for GHG accounting purposes, opted to also become a node in order to play a bigger role in supporting the ecosystem. Now that’s skin in the game! Looking ahead, we expect to see more and more organizations like Wakefield that will not only utilize blockchain in day-to-day enterprise operations but also play a role in the governance of the network.

Wakefield BioChar — Better Soil. Better World

Gear Hugger

Gear Hugger produces a revolutionary line of plant-powered products that are designed for the eco garage with bio-based alternatives to toxins that deliver superior performance without harming the planet.

They are using blockchain both for proof of provenance and for their certifications.

Here’s their blockchain page where you can see their real certificates and the route of their products, all traced on GoChain.

Gear Hugger

Thompson Appalachian Hardwoods

Manufacturing the finest Appalachian hardwood products for more than 25 years, TAP Hardwoods is the source for top-quality lumber and logs. TAH is using GoChain to create an auditable blockchain record of the provenance and origination of their wood. This information will be used for both consumer information and EUDR compliance.

Thompson Appalachian Hardwoods | Quality Forest Products

GoChain is poised for long term success

We believe GoChain is in the right place at the right time, right now. They say timing is everything and the time is now for blockchain and GoChain in particular. Being an enterprise focused blockchain with a very low carbon footprint and regulatory tailwinds pushing companies in our direction, we’re poised to be the go to blockchain infrastructure for enterprise.

Transaction Volume UP, Regulatory Tailwinds and New Enterprise Users was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

ST. KITTS & NEVIS | VALDOSTA, GEORGIA, USA — JANUARY 31, 2024 — Wakefield BioChar (Wakefield), a leading developer of biochar soil fertilizer and compost products and the largest producer of carbon removal certificates (CORCs) globally, and the GoChain Foundation (GoChain), the developer of the GoChain blockchain protocol, today announced the signing of a Node Operating Agreement whereas Wakefield is now operating a signing node in support of the global GoChain blockchain network.

As a signing node, Wakefield will be one of a maximum of fifty (50) highly reputable enterprises and organizations to run specialized servers that facilitate GoChain’s novel Proof of Reputation (PoR) consensus algorithm and to validate the blocks of transactions produced on the GoChain blockchain network. Wakefield joins other world-class organizations and entities as node signers on the GoChain network including Penn State University, Lenovo, Dish, Goldbell, the University of Nicosia, the Global Roundtable for Sustainable Beef (GRSB), the Royal Melbourne Institute of Technology, and The Dian Fossey Gorilla Fund. Most recently, GoChain announced The Detox Project and Texas non-profit Upbring as new node signers.

Wakefield is at the forefront of innovation in the beneficial reuse of forestry biomass and carbon industries. The company’s biochar products, developed via a pyrolysis process that thermally decomposes and transforms organic biomass sources, i.e. wood chips, plant residues, and other agricultural waste products, into a black carbon char material that today is being utilized in a variety of use cases to include as a soil conditioner, an additive in construction, plastics, paper, and textiles, in wastewater treatment, and as a carbon sink wherever the biochar products are applied. Wakefield is currently the largest producer of carbon removal certificates (CORCs) globally. Wakefield is recipient of multiple accolades; most recently, the company received the prestigious 2023 Forest Stewardship Council US Leadership Award.

In addition to its environmentally impactful and beneficial products, Wakefield is also pioneering the use of blockchain technology in biochar supply chains. Wakefield is currently utilizing Chainparency’s GoTrace blockchain-based data collection and track & trace application, running on the GoChain blockchain, to record key data elements and events; and to track the physical movement of biochar materials in Wakefield supply chains. Data collected via GoTrace can be shared with certifying bodies to validate the origination of biomass sources, ensure the integrity of biochar products, and to track the delivery and confirm final destination, i.e. farmland, where the biochar is being delivered/poured and the carbon is permanently being sequestered. Looking ahead, Wakefield is also seeking to leverage blockchain technology to further streamline and optimize operations in its supply chains. Wakefield also proudly serves on the Leadership Council of the U.S. Endowment for Forestry & Communities’ ForesTrust Network, a growing consortium of leading enterprises that are utilizing blockchain technology to advance sustainability, empower working forest communities, and ensure greater transparency in forestry and wood products supply chains.

As part of becoming a new node signer, Wakefield plans to work closely with the GoChain Foundation to support and govern the network, further drive blockchain-based innovation within Wakefield operations and supply chains, and bring greater awareness of the benefits of the GoChain blockchain and blockchain technology generally when used in forestry and agriculture product supply chains.

“There is a fundamental need for credibility and transparency of the materials used in the products we all use in our daily lives. It’s a privilege to support the GoChain Foundation and its value to the supply chain. ” — Tom Marrero, President Wakefield

“Wakefield’s beneficial reuse of potential waste, typically destined for a landfill, as the basis for a multi-functional carbon-rich product, is an exemplary case of upcycling. Combined with the use of blockchain technology for enhanced transparency, assurance, and claims validation purposes, Wakefield epitomizes what it means to be a global leader and innovator in forestry and woody biomass supply chains. We are incredibly proud to have Wakefield as a node validator for the GoChain network.” — Henry Ines, Steering Committee Member, GoChain Foundation

About Wakefield BioChar

Based in Valdosta, GA, Wakefield knows that all plants benefit from a better, healthier soil. Too many treatments and chemicals deplete nutrients and degrade soil quality over time. And sadly, many traditional treatments have unintended consequences for our planet. That’s why so many of us water and fertilize in excess, but still don’t get the results they want. With Wakefield soil conditioners you will increase microbial activity and absorb water and nitrogen to improve your soil health. And, biochar returns carbon to the earth, reducing greenhouse gas emissions to the atmosphere! Better Soil. Better World. For more information, please visit wakefieldbiochar.com or follow Wakefield on LinkedIn.

About the GoChain Foundation

GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat and aims to be the blockchain of choice for sustainability and environmental impact initiatives globally. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is among the fastest, most reliable, web3 based public and private blockchain protocols. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook.

Wakefield BioChar Joins the GoChain Blockchain Network as a Signing Node was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

GoChain has seen a significant increase in its use in the sustainability space, driven by its partnership with Chainparency and the US Endowment for Forestry & Communities and other non-profits and NGOs focused on conservation and responsible supply chains. All of the U.S. Endowment’s ForesTrust Network companies are either currently using or will be using GoChain for their supply chain data collection and track and trace initiatives including Enviva, Wakefield Biochar, Thompson Appalachian, Domtar, and more.

While GoChain has been working on this for years, the use case that is surfacing is companies focused on sustainability and responsible supply chains. With this, GoChain is becoming the blockchain of choice for this type of work.

And this is just the beginning, beyond just supply chain, there is work being done with carbon and emissions tracking as well as tokenized carbon trading. There is a lot of interest in these areas and being a green and enterprise focused blockchain, GoChain is the obvious choice. We hope to see these new areas come online in 2024 or early 2025.

Summarizing the multitude of ways that GoChain is being used in the sustainability space are:

• Collection field data at a product’s point of origin
• Tracking the carbon footprint of products and services
• Certifying the sustainability of products and services
• Creating a transparent supply chain for products and services
• Enabling consumers to make informed choices about the sustainability of their purchases

GoChain is well-suited for this type of work because it is a secure, scalable, and environmentally friendly blockchain. GoChain uses a novel consensus model called Proof of Reputation that ensures the organizations that use it have assurance that it is operated by ethical organizations around the world. Some of these organizations include RMIT University, Global Roundtable for Sustainable Beef and the Dian Fossey Gorilla Fund. GoChain is an open blockchain with public APIs which makes it easy for businesses to integrate into their existing systems.

As the sustainability movement continues to grow and the regulatory environment increasingly requires additional diligence and traceability requirements in supply chains, GoChain is well-positioned to be a leader in this space. The company is committed to providing businesses with the tools they need to make their operations more sustainable, and GoChain is the perfect platform for this.

Here’s to an exciting, fruitful and sustainable 2024! 🚀

Want to learn more about GoChain and how it can enhance your business processes? If so, please reach out to us at info@gochain.io.

What’s in store for 2024 was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Verma brings a wealth of experience in the healthcare and government industries to the GoChain Steering Committee. He is a recognized expert in healthcare and has a deep understanding of the challenges and opportunities facing the healthcare industry.

“I am excited to join the GoChain Steering Committee and help the foundation achieve its mission of making blockchain technology accessible and affordable for businesses of all sizes,” said Verma. “I believe that GoChain has the potential to revolutionize the way healthcare and government data is managed and shared, and I am committed to helping the company make that happen.”

Verma’s appointment to the Steering Committee is a significant step forward for GoChain. His experience and expertise will be invaluable as the network continues to grow and expand its reach.

About GoChain

GoChain is a leading enterprise-grade blockchain platform that provides businesses with a secure, scalable, and cost-effective platform to build and deploy decentralized applications. GoChain is a standalone blockchain that uses the Proof-of-Reputation consensus mechanism.

GoChain is committed to making blockchain technology accessible and affordable for businesses of all sizes. The company offers a variety of products and services to help businesses get started with blockchain, including a development toolkit, a cloud-based platform, and a suite of tools for managing blockchain networks.

GoChain Welcomes Jai Verma to the GoChain Steering Committee was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

A Look Back On 2022

Dear GoChain Community,

As we approach the end of what has been an unprecedented year for blockchain and crypto, the time has come again to pause and reflect on this year’s work and progress. GoChain had another productive year despite the considerable challenges and headwinds encountered throughout the year. The GoChain ecosystem continues to steadily grow through real-world use cases and enterprise adoption. GoChain’s layer 1 blockchain protocol and novel “Proof of Reputation” consensus mechanism continues to resonate with organizations and enterprises, which seek a scalable, affordable, and sustainable blockchain solution. Our mission remains unchanged — driving the adoption of impactful technology for the betterment of society and our habitat. Some highlights and stats for 2022 follow:

Highlights
GO Protocol, Governance, & Network:

• Select stats (CYE2022):
  - No of transactions: 22.4 million+ (since inception)
  - Circulation: 1.2 billion+ $GO
  - Burned: 180,659 $GO
  - $GO (high): $0.039 (Jan 2022)
  - $GO (low): $0.005 (Nov 2022)
• Staking Rewards program:
  - Staked: 115.5 million+ $GO
  - Rewarded: 20 million+ $GO (since inception)
• Hafthor Fork (GIP-35) — completed on 23 February, 2022 (Block 23817200)
• Node Validators: New — 4 (The Dian Fossey Gorilla Fund, the National Livestock Producers Association, The Detox Project, Upbring); Retired — 1 (KuCoin)
• Listing(s): New — 2; Delistings — 2
• Improvement Proposals (GIP): One
  - Passed/Implemented: GIP 35
• Steering Committee: Seven members (no changes)

Slow and steady …

There were a multitude of challenges this year ranging from the deteriorating global economy, ongoing pandemic concerns, civil and geopolitical unrest, market declines to the unprecedented collapse of various projects and scandals in crypto. It’s been an all around tough and bruising year for everybody.

Despite these challenges, the GoChain ecosystem continues to steadily grow. Organizations and enterprises worldwide are increasingly exploring and adopting the GoChain layer 1 blockchain protocol and $GO-powered applications, i.e. GoTrace, primarily for supply chain transparency, accountability, and sustainability purposes. The work of Chainparency now spans globally and across multiple verticals ranging from mining, consumer goods, agriculture to forestry and wood products; its stakeholders are diverse and include small scale artisanal harvesters, service providers, multinational and publicly traded companies to government & NGOs.

Notably, this year the US Endowment for Forestry & Communities, the nation’s largest public charity, selected the GoChain blockchain protocol to power the US Endowment’s “ForesTrust” blockchain network. ForesTrust is a new venture and collaboration between the US Endowment, Chainparency, and consortium members (i.e., Michigan State University, Domtar Corporation, and Wakefield BioChar) focused on leveraging blockchain technology to bring greater transparency, accountability, and new economic opportunities in forestry value chains. Transactions real-time recorded on the GoChain blockchain will be used for carbon accounting purposes and tracking and tracing assets as they move throughout forestry supply chains.

The Government of Colombia also continues to explore blockchain as it seeks to re-imagine and digitally transform its mining industry. In Q3 2022, Colombia’s National Mining Agency (Agencia Nacional de Minería) officially transferred its first mining title, minted as a non-fungible token (NFT) on the GoChain public blockchain, to Carbomas SAS, a leading mining company in Colombia. This event represents another milestone for Chainparency and first-of-a-kind transaction recorded on the GoChain blockchain.

California-based non-profit Cetacean Action Treasury (CAT) also started using the GoTrace application and the GoChain blockchain this year to bring greater transparency and traceability to seafood supply chains. CAT seeks to utilize new technologies to help with the recovery of the critically endangered vaquita porpoise population by empowering local fisheries to adopt sustainability practices (i.e. use of sustainable fishing gear, digital track and trace, etc.) and ultimately to help fishers to earn better economic livelihoods through the use of blockchain technology.

These and other early adopters and stakeholders opted to build on the GoChain protocol not only for its high scalability, affordability, and “green” or low carbon footprint, but also given GoChain’s novel consensus mechanism and the high level of reputation of the enterprises, NGOs, and universities that represent GoChain’s growing consortium of world-class node validators.

In 2022, the GoChain Foundation exceeded its goal by successfully onboarding four new node validators to include:
- The Dian Fossey Gorilla Fund (Rwanda, Africa)
- The National Livestock Producers Association (Colorado, USA)
- The Detox Project (Sofia, Bulgaria), and
- Upbring (Texas, USA).

Each of these organizations serve to not only elevate the network’s reputation score but also uniquely present new opportunities for $GO utility, innovation, and the adoption of the GoChain blockchain. In contrast, KuCoin was voted out as a node as it was no longer compatible with the community’s goals and requirements.

While the GoChain network has experienced positive developments with enterprise adoption and network validator expansion, $GO (similar to the rest of the industry) experienced considerable downward pressure and trends throughout the year. The delisting of $GO from KuCoin and Binance was disappointing but, fortunately, was offset by new listings in Bithumb and LA Token exchanges.

Looking Ahead to 2023

In 2023, we’ll continue to build upon the GoChain “Trifecta”, which is helping to further accelerate adoption of the GoChain blockchain. We expect key stakeholders like Zeromint and Chainparency to continue to push the boundaries and use cases for blockchain and NFTs to include the tokenization of assets and data for enterprise and sustainability purposes.

The Steering Committee in coordination with node validators and the community will continue to focus on identifying, evaluating, and onboarding new highly reputable node signers. Our goal will be to have at least twenty-five (25) node validators in place by the end of next year. With the onboarding of any new nodes, we’ll continue to re-assess and phase out nodes as needed.

There will continue to be greater expectations for new node validators and their contributions to the community. Pennsylvania State University (PSU) is a good example of the type of active node validator we desire. From collaborating on industry research and pilots, engaging in seminars to co-authoring an industry white paper (published in the prestigious Q3/2022 Supply Chain Quarterly), PSU to date exemplifies the type of partner needed to further grow the GoChain ecosystem.

As is always the case, rather than contributing to the “noise”, GoChain will continue to lead by example and showcase the GoChain blockchain network and its utility through real-world work and impactful use cases. Slow and steady wins the race. We continue to greatly value your support and look forward to sharing more developments and achieving new milestones in the new year.

Henry Ines, on behalf of the Steering Committee

GoChain 2022: Year in Review was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

ST. KITTS & NEVIS | TEXAS, USA — NOVEMBER 17, 2022 — Upbring, a leading nonprofit child wellbeing organization in Texas, and the GoChain Foundation (GoChain), the developer of the GoChain blockchain protocol, today announced the signing of a Node Operating Agreement where Upbring is now operating a signing node in support of the global GoChain blockchain network.

As a signing node, Upbring will be one of a maximum of fifty (50) highly reputable enterprises and organizations to run specialized servers that facilitate GoChain’s novel Proof of Reputation (PoR) consensus algorithm and to validate the blocks of transactions produced on the GoChain blockchain network. Upbring joins other world-class organizations and entities as node signers on the GoChain network including Penn State University, Lenovo, Dish, the University of Nicosia, the Royal Melbourne Institute of Technology, and Conservation International. Most recently, GoChain announced The Detox Project, the Dian Fossey Gorilla Fund and the National Livestock Producers Association (NLPA) as the latest node signers to join the GoChain blockchain network.

Upbring is a Texas-wide organization focused on the implementation of generational innovation to advance child wellbeing resulting in positive shifts for generations to come. It is a direct-action organization dedicated to advancing its mission: to break the cycle of child abuse by empowering children, families and communities. Upbring’s programs include foster care, adoption, residential treatment centers, education, disaster relief, community services, a supervised independent living program, children’s shelters and transitional foster care for unaccompanied minors. Innovation plays a big part of Upbring’s strategy to combat and end child abuse. Upbring Innovation Labs (UIL) uses “human-centered design to identify industry challenges and unites the brightest minds to surface solutions.” UIL pursues relationships and collaborations with entrepreneurs, business leaders, Web3 companies and universities to turn “ideas into real outcomes creating a future free from the damages of abuse.” Most recently, UIL announced the launch of a Crypto Endowment Fund for Better Childhoods — a first-of-its-kind fund that enables donors to give cryptocurrency and maximize the impact of their gift by letting its value grow with the market.

As part of becoming a new node signer, Upbring plans to work closely with the GoChain Foundation to ideate and implement novel blockchain-based opportunities to support Upbring’s various initiatives. Upbring anticipates not only utilizing $GO to augment its philanthropy but also to working closely with GoChain to develop and deploy mission-focused applications to potentially include a digital ID credentialing application that could be utilized statewide for supporting the children in Upbring’s ecosystem. Upbring believes that GoChain will play an integral role in its web3 strategy.

“Upbring Innovation Labs seeks to break the cycle of child abuse by leveraging Web3 and innovative tech to address systemic challenges in child welfare. Our partnership with GoChain opens up many possibilities; as a node validator we ensure our Innovation Lab will be sustainably funded not only through the altruism of donors but also through earned revenue as part of their infrastructure (wherein node compensation fuels our Crypto Endowment). Additionally, we are beyond grateful for the opportunity to work with GoChain as they empower our R&D efforts around blockchain and child data. As the GoChain community of builders and developers continues to grow, so does our ability to break the cycle of child abuse. The partnership was a no-brainer for Upbring.” — Ryan Park, VP of Innovation, Upbring

“An integral component of GoChain’s Proof of Reputation consensus framework, in addition to a verifiably high degree of industry trust and reputation, is the opportunity for GoChain to collaborate with node validators and utilize its blockchain technology for significant positive societal impact. Our new partnership with Upbring exemplifies this envisioned approach and outcome and provides unique opportunities to harness blockchain technology to tackle various systemic challenges typical of child welfare and abuse. We look forward to working closely with Upbring to develop innovative solutions for disrupting the cycle of abuse and advancing the well-being of children in Texas and beyond.” — Henry Ines, Steering Committee Member, GoChain Foundation

About Upbring

Inspired by faith and compelled by compassion, Upbring is answering the call to defeat abuse. With more than 1,000 employees who serve in one of its 75 locations across Texas, Upbring is a leading nonprofit child wellbeing organization in the state. Foster care and education are at the forefront of its work, joined by other vital mission-oriented programs under the same mission: to break the cycle of child abuse by empowering children, families and communities. With its partners, they deliver services that produce measurable progress toward five key markers of every child’s wellbeing: safety, life skills, education, health and vocation.

Upbring Innovation Labs is a division of Upbring that uses human-centered design to identify industry challenges and unites the brightest minds to surface solutions. Through partnerships with entrepreneurs, business leaders, Web3 companies and universities, the Lab is turning ideas into real outcomes creating a future free from the damages of abuse.

For more information on Upbring, please visit https://upbring.org/.

About the GoChain Foundation

GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook.

UPBRING JOINS THE GOCHAIN BLOCKCHAIN NETWORK AS A SIGNING NODE was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

It’s been quite a year in the world of crypto with the total market cap dropping by 2/3rds its value seemingly overnight, many major projects collapsing like the Terra Luna Fiasco, some of the biggest crypto companies going bankrupt like Celsius, 3AC and Voyager. It’s hard to see the light at the end of the tunnel. But it’s there.

For some Ukrainians, it’s the only money that works. Blackrock, one of the world’s largest investment services firms, started offering Bitcoin to its clients. Countries like Sweden are starting to use it for other proof of ownership use cases like their land registry and the Government of Colombia is using it to issue and transfer mining titles.

As you may know, GoChain is focused on enterprise, NGOs and government use cases. GoChain provides a 100% Ethereum compatible chain with a very low carbon footprint making it usable by organizations with sustainability requirements.

New Use Cases

New real-world use cases continue to pop up on GoChain, including:

US Endowment Chooses GoChain for ForesTrust Blockchain

The US Endowment will utilize GoChain to track and trace paper and pulp products for ForesTrust members, starting with Domtar, to prove provenance, account for carbon, and validate sustainability claims. Retail customers will eventually be able to verify the provenance and learn about other details of finished paper products via a simple QR code scan. They also anticipate exploring and collaborating on additional forestry-related initiatives which can benefit from the use of blockchain technology.

This means tracking millions of trees and their finished products on the GoChain blockchain.

Tokenizing Assets

The Government of Colombia Mining Agency is tokenizing their mining assets (real mining, not Bitcoin mining) on a platform built in partnership with Chainparency and GoChain. The platform enables any government, company or individual to tokenize an asset, issue shares in the asset and track ownership in an immutable ledger. Think of it as an efficient, shared, transparent cap table. No more Excel spreadsheets to keep track of ownership.

GoChain on Twitter: "Huge step forward for real world blockchain use cases! We are so proud this is happening on GoChain, the blockchain that governments can trust. #gochain #tokenization #tokenizetheworld https://t.co/yT2Uipa3nV / Twitter"

Huge step forward for real world blockchain use cases! We are so proud this is happening on GoChain, the blockchain that governments can trust. #gochain #tokenization #tokenizetheworld https://t.co/yT2Uipa3nV

The ANM is the first of many who will be utilizing the tokenization platform and GoChain will be the source of truth for tracking all of these assets.

New Nodes

GoChain continues to set the bar for blockchains for good with the addition of two incredible organizations trying to make the world a better and safer place.

Detox Project

The Detox Project is a research and certification platform that encourages transparency in the food and supplement industries on the subject of toxic chemicals. Involved in a number of groundbreaking studies over the last few years particularly on the world’s most used herbicide, glyphosate, The Detox Project also develops and promotes novel testing technologies to determine the level of toxic chemicals found in our food and in our own bodies accurately and affordably. The Detox Project currently works with hundreds of food and supplement brands, ranging from manufacturers of cereals, avocado oil, baby formula, clean supplements, rice, oat & nut milks, dates, honey, wine to hemp oil and CBD products. one of the largest nonprofits you’ve never heard of, has also joined the network.

Upbring

Upbring.org was also just voted in as a node validator, one of the larger non-profit organizations that you may not have heard of with thousands of employees in the USA. Upbring is an organization implementing generational innovation to advance child well-being. That means sustainable change resulting in positive shifts across generations.

New Listings

$GO was recently added to:

• LAToken
• Bingx

Why GoChain?

If you have ESG requirements, there is no better option. Not only do we have the smallest carbon footprint, but just by using the GoChain blockchain you are supporting a bunch of environmental and other non-profit organizations.

You can safely say you are a sustainable business if you’re using GoChain.

Please contact us to learn more.

GoChain - 100% Ethereum Compatible, 100x faster

What’s New With GoChain — November 2022 Edition was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

ST. KITTS & NEVIS | BULGARIA — SEPTEMBER 01, 2022 — The Detox Project and the GoChain Foundation (GoChain), the developer of the GoChain blockchain protocol, today announced the signing of a Node Operating Agreement whereas The Detox Project is now operating a signing node in support of the global GoChain blockchain network.

As a signing node, The Detox Project will be one of a maximum of fifty (50) highly reputable enterprises and organizations to run specialized servers that facilitate GoChain’s novel Proof of Reputation (PoR) consensus algorithm and to validate the blocks of transactions produced on the GoChain blockchain network. The Detox Project joins other world-class organizations and entities as node signers on the GoChain network including Penn State University, Lenovo, Dish, Goldbell, the University of Nicosia, the Royal Melbourne Institute of Technology, and the Global Roundtable for Sustainable Beef. Most recently, GoChain announced the Dian Fossey Gorilla Fund and the National Livestock Producers Association as the latest node signers to join the GoChain blockchain network.

The Detox Project is a research and certification platform that encourages transparency in the food and supplement industries on the subject of toxic chemicals. Involved in a number of groundbreaking studies over the last few years particularly on the world’s most used herbicide, glyphosate, The Detox Project also develops and promotes novel testing technologies to determine the level of toxic chemicals found in our food and in our own bodies accurately and affordably. The Detox Project currently works with hundreds of food and supplement brands, ranging from manufacturers of cereals, avocado oil, baby formula, clean supplements, rice, oat & nut milks, dates, honey, wine to hemp oil and CBD products.

The Detox Project currently oversees one of the fastest growing certifications globally: Glyphosate Residue Free certification. Glyphosate is the most used pesticide in the world and has the highest public profile of any chemical used in food production. Both consumers and regulators across the globe are increasingly requiring transparency in supply chains and accountability on any claims made, i.e. organic, non-GMO, contaminant free, etc., on fruits, vegetables, supplements, and other food and consumer products.

In addition to novel certification and testing approaches, The Detox Project is also actively exploring the use of blockchain technology. As part of becoming a new node, The Detox Project plans to collaborate with GoChain and the blockchain sustainability and supply chain leader Chainparency to pursue blockchain-related solutions ranging from the issuance of NFT certifications and traceability of supply chains related to contaminants to QR code-based retail market solutions focused on providing retail consumers with unparalleled transparency on consumer goods and food products.

“We are proud to become an integral part of the fastest, most sustainable, web3 compatible blockchain in the world. The Detox Project has become a leader in food and supplement transparency globally and we now aim to use blockchain to give consumers the right to know what contaminants are in their food in a fully traceable and transparent way. ” — Henry Rowlands, Director, The Detox Project

“As one of the fastest growing certifications globally, The Detox Project is a welcome addition to the GoChain blockchain network. We look forward to working with the Detox Project to support its certification programs and efforts to utilize blockchain technology to bring additional assurance that select consumer food and supplement products are free from chemicals and contaminants.” — Henry Ines, Steering Committee Member, GoChain Foundation

About The Detox Project

The Detox Project is a research and certification platform that encourages transparency in the food and supplement industries on the subject of toxic chemicals. We also promote unique new testing technologies that enable you to find out what levels of toxic chemicals are in your body and in your food. The Detox Project has been involved in a number of groundbreaking studies over the last few years, including the most comprehensive research ever on the world’s most used herbicide, glyphosate. We continue to work at government and investor level to support new technology alternatives to harmful chemicals. www.detoxproject.org

About the GoChain Foundation

GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook.

Contact Information:

media@gochain.io

THE DETOX PROJECT JOINS THE GOCHAIN BLOCKCHAIN NETWORK AS A SIGNING NODE was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ethereum is switching to Proof of Stake in what is called the Ethereum Merge. The goal is to reduce their environmental impact which is notoriously bad and consumes a significant percent of the world’s electricity. It is also supposed to lay the groundwork for future scaling and lower fees, but scaling and lower fees will not happen immediately. The fees will still be high and it will still be slow until future upgrades in 2023 and beyond.

VivekVentures.eth 🐼 on Twitter: "1. Post Merge, ETH L1 fees will NOT come downThe purpose of the Merge is to deprecate Ethereum's PoW consensus mechanism and replace it with PoS. Fees are a function of blockspace demand, NOT consensus mechanism. For lower fees, use the L2s (already live) for execution(1/11) / Twitter"

1. Post Merge, ETH L1 fees will NOT come downThe purpose of the Merge is to deprecate Ethereum's PoW consensus mechanism and replace it with PoS. Fees are a function of blockspace demand, NOT consensus mechanism. For lower fees, use the L2s (already live) for execution(1/11)

GoChain has always been green. We started green and we continue to be one of the cleanest blockchains around.

GoChain already has very low fees. GoChain fees are a fraction of a penny vs dollars or tens of dollars on Ethereum. GoChain is at least 100x cheaper even on the cheapest day on Ethereum, 1000x cheaper on an average day and 10,000x cheaper on a bad day.

GoChain is already scalable, 100x more scalable than Ethereum.

You can use GoChain as an Ethereum Layer 2 blockchain (L2) by using the GoChain bridge at chainswap.org to transfer tokens to GoChain and back to Ethereum, to take advantage of the super low fees and scalability of GoChain.

Of course, if you want to be end-to-end sustainable you can use GoChain as your layer 1 chain and deploy your smart contracts on GoChain from the start.

How GoChain Solved the Issues Ethereum 2.0 is Supposed to Solve

GoChain was started over 4 years ago to solve these very issues. It’s literally the reason it exists. The original goals of GoChain was to be:

• 100x faster — handle 100x the volume of Ethereum, hence the 1300 transactions per second target vs Ethereum’s 13
• 1000x cheaper — Instead of dollars for transactions, GoChain has always been sub-penny
• 10,000x greener — our unique Proof of Reputation consensus paved the way for this, and GoChain is actually closer to 10,000,000x greener

So what Ethereum is finally starting to do now, in 2022, we did 4 years ago when our mainnet went live in May 2018.

Proof of Reputation

GoChain’s unique Proof of Reputation consensus is really what makes GoChain special. Instead of Proof of Work or Proof of Stake which are the most common in today’s blockchains, we came up with our own consensus protocol to help us achieve our goals.

Proof of Reputation works by having highly reputable organizations around the globe running the nodes on the network. These organizations wouldn’t dare risk their brands/reputations by trying to compromise the network. This is in stark contrast to the anonymous miners and the 4 major mining companies that control 80% of Bitcoin and Ethereum that nobody knows much about.

GoChain nodes are well known brands that you know and trust, such as:

• Penn State University
• RMIT University
• Lenovo
• Dish Network
• Conservation International
• Dian Fossey Gorilla Fund
• And many other great organizations

Having this amazing group run the network provides the following benefits that no other blockchain network can claim.

Trusted

You know and trust who’s running the network, unlike every other blockchain network out there. Not only should this give you peace of mind, but if you’re a company that doesn’t want to associate with bad actors, GoChain is your best blockchain choice.

Secure

The main way to attack a blockchain is called a 51% attack. In order to pull it off, the attackers must gain control of more than 50% of a blockchain network’s nodes. This has happened on several Proof of Work blockchains. In order for this attack to work on GoChain, you would have to hack into more than half of our node operator’s data centers at the same time. It’s hard enough to do this to one organization, let alone a dozen.

The other way this could be done is if more than half of those organizations decided to collude together to attack the network. This would just never happen. The organizations have so much to lose and so little to gain by doing so.

Sustainable

By having a group of organizations run the nodes and the fact they aren’t battling each other over a very wasteful hash battle to win a block, the GoChain blockchain uses millions of times less energy than Bitcoin or Ethereum.

If your company has ESG mandates, GoChain is the blockchain for you.

Not only does it sip electricity, you are also supporting environmental non-profits such as Conversation International, Global Roundtable for Sustainable Beef and Fins Attached who all run a node for the GoChain network.

You can read the original concept behind Proof of Reputation in our 2018 article here.

What’s Next?

Our goal is to have 25 nodes by the end of 2022 and 35 by the end of 2023, adding more reputational quality to the network.

The more node organizations that join GoChain, the greater the security and trust of the network.

Also, each node is expected to turn into opportunities as part of the agreement to join the network is to build on and use GoChain for some part of their business or operations.

Connect With Us

• Follow us on Twitter
• Contact us if you want to build on GoChain

The Ethereum Merge and How it Affects GoChain was originally published in GoChain on Medium, where people are continuing the conversation by highlighting and responding to this story.