KuCoin joins the GoChain Network as a Blockchain Signing Node — GoChain

RENO, NEVADA, USA, JUNE 18, 2018 — GoChain, The Blockchain Company, today announced the addition of KuCoin, a global cryptocurrency exchange for numerous digital assets and cryptocurrencies based in Hong Kong, as a signing node operator for the GoChain blockchain network.

KuCoin launched in 2017 and has grown rapidly to over 5 million registered users from 100 countries and regions. KuCoin’s state of the art asset transaction platform with 24/7 service and support has allowed the exchange to reach high daily trading volumes of over $300 million (USD) and rank fifth overall in the industry in unique visitor traffic, according to Alexa global traffic ranking.

As a signing node, KuCoin will be one of up to 50 enterprises and organizations to run specialized servers that facilitate the GoChain network’s Proof of Reputation (PoR) consensus algorithm and validate the blocks of transactions produced on the blockchain network.

The KuCoin blockchain node as well as the others which are run only by known and “reputable” corporations and organizations, combine to foster the growth of the network while providing security through their geographic distribution.

The GoChain team is proud to take another leap towards a trusted decentralized & distributed node network by having a node running in the Tokyo, Japan by a Hong Kong based company.

To see the status of the KuCoin blockchain node and all the nodes on our network, visit our statistics page at stats.gochain.foundation.

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Also known as “The People’s Exchange”, KuCoin launched in September 2017. We aim to provide users with digital asset transactions and exchange services which are both convenient and exceptionally secure. This is achieved by integrating premium assets worldwide and constructing a state-of-the-art transaction platform. We also feature some of the lowest trading fees available on any exchange combined with a swift withdrawal system. KuCoin offers service in multiple languages, and we are building communities in numerous countries across the globe. Lastly, we provide 24/7 customer support 365 days per year. To find out more, visit https://www.kucoin.com,

About Proof of Reputation

Reputation is critical to a business. A business that acts in an unethical way suffers on many levels including financial (fines, loss of revenue), valuation decreases, branding (distrust) and public relations. Trust is cornerstone to a successful business and once a brand loses trust with their customers, it can take years to recover if ever.

GoChain uses the Proof of Reputation (PoR) consensus model that depends on the reputation of the participants to keep the network secure. The networks nodes are operated by up to 50 reputable enterprises and organizations around the world. These nodes validate the blocks of transactions produced on the blockchain network.

The benefits of Proof of Reputation are:

• It’s green — No need to consume large quantities of electricity in order to secure a blockchain (Bitcoin and Ethereum are estimated to burn over $12 million worth of electricity costs per day as part of their consensus mechanism).
• It’s secure.
• It can perform much faster due to removing the heavy calculations required for PoW and having a known number and size of nodes.
• It’s as decentralized as the companies are decentralized.

Originally published at https://gochain.foundation on June 18, 2018.