Description
GoNetwork is designed to enhance Ethereum's blockchain scalability specifically for mobile use, addressing high costs and slow transaction speeds. By implementing state channel technology for off-chain transactions, settling only the final state on-chain, it aims to facilitate micropayments and improve the efficiency of decentralized applications (DApps), making them more viable for everyday use. This approach supports a significant volume of transactions, thereby making blockchain technology more accessible for industries like gaming and commerce. A key feature of GoNetwork is its GoToken, which serves as a solid cryptocurrency solution to the problem of transaction speed and cost, aiming to prevent Ethereum from encountering scalability issues as its usage increases.
GoNetwork is designed to enhance Ethereum's blockchain scalability specifically for mobile use, addressing high costs and slow transaction speeds. By implementing state channel technology for off-chain transactions, settling only the final state on-chain, it aims to facilitate micropayments and improve the efficiency of decentralized applications (DApps), making them more viable for everyday use. This approach supports a significant volume of transactions, thereby making blockchain technology more accessible for industries like gaming and commerce. A key feature of GoNetwork is its GoToken, which serves as a solid cryptocurrency solution to the problem of transaction speed and cost, aiming to prevent Ethereum from encountering scalability issues as its usage increases.
