ECOMI Partners With GoChain to Improve Speed, Transactions, and Security
100x Faster, 1000x Greener, and 7500x Cheaper!
ECOMI is proud to announce a partnership with GoChain, to launch our token sale and support the ECOMI Collect app and digital ecosystem.
GoChain has built the world’s only full-service, enterprise grade public blockchain protocol based on an industry standard codebase. It is the only network protocol that offers Enterprise level support, high transaction speeds, and upgradeable smart contracts.
What’s the Go with GoChain?
GoChain is a scalable, high performance, low cost, and decentralised blockchain that supports smart contracts and distributed applications. Moreover, GoChain is 100% backwards compatible with the Ethereum blockchain, including wallets and smart contracts, allowing for a seamless transition to the new network, and offering a scalable blockchain which is:
- 10x more decentralised- GoChain forces nodes to be in different countries, run by unrelated people/companies, ensuring true decentralisation and improved security.
- 100x faster- GoChain can currently handle 1300 transactions per second, compared with Ethereum’s 13 Tx/second, and is on track to reach 13,000 Tx/second by Q2 2019.
- 1000x greener- GoChain operates with a fraction of the energy consumption required by the Ethereum chain.
- 7500x cheaper (at least).
“This partnership ensures that the ECOMI ecosystem is built on a protocol that is fast, secure, cheap, and green. GoChain is able to process up to 1,300 transactions per seconds all on-chain, and will continue to scale this speed drastically to 13,000 tps by Q2 2019.
GoChain’s network has moved away from unpermissioned Proof-of-Work (PoW), to a secure and trusted network of validators via their Proof-of-Reputation (PoR) consensus. With these speeds, ECOMI users will be able to interact and buy/sell/transfer their assets in seconds, for 10,000ths of a penny.”
— Adam Norris, GoChain Director of Marketing & Community
What Does This Mean for the Future of Digital Collectibles?
ECOMI Collect will be built using the GoChain MainNet as the underlying blockchain and distributed network. This partnership was formed with consideration for the scale of the future user base of ECOMI Collect, and the requirements for optimum user experience.
ECOMI will be deploying the OMI token and the digital collectible Non-Fungible Token (NFT) contracts on the GoChain network, as a solution to the network cost and speed issues concerning Ethereum decentralised applications.
The OMI token (ECOMI’s native token) will be deployed as a GO-20 on the GoChain MainNet, whilst the NFTs will be based on the GO-721 standard. The NFT standard allows for verifiable digital scarcity of collectible assets with proven authenticity, and immutable proof of ownership.
To facilitate the purchase and trade of digital collectibles, ECOMI Collect utilises the OMI token, built on the GO20 standard. When a purchase of a digital collectible is made, the OMI tokens will be exchanged for the NFT.
“We decided to partner with GoChain because of the capabilities of their network when it comes to processing transactions, their professionalism and long term vision for blockchain adoption.
We see the potential of the digital collectibles market, and to have a network that can support a high number of transactions was a very important factor to consider.”
— David Yu, ECOMI CEO
ECOMI’s mission is to create the world’s best platform to purchase, trade and collect premium licensed digital collectibles. With user friendly products and applications, ECOMI delivers the freedom to secure and control your digital assets, data, and cryptocurrencies from one user-friendly interface.
GoChain has built the world’s only full-service, enterprise grade public blockchain protocol based on an industry standard codebase. It is the only network protocol that offers Enterprise level support, high transaction speeds, and upgradeable smart contracts. Other blockchain protocols have been hamstrung by high latency, high fees, lack of adoption, and sacrifice scale for excessive decentralization. GoChain allows any current projects struggling with scale to ‘lift and shift’ from inefficient protocols and immediately be 10x decentralized, 100x faster, 1000x greener, while being at least 7500x cheaper.
You can learn more about GoChain here.